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“Approved: $193M Construction Loan for Austin Hotel and Residences”

"Approved: $193M Construction Loan for Austin Hotel and Residences"

Construction has officially begun at Sixth&Blanco, a mixed-use development located at the intersection of West 6th Street and Blanco in Austin. The project is being led by Riverside and MML, with financing from Arvest Bank for a total of $193 million. Prosperity Bank and Southside Bank are also participating in the funding.

Designed by renowned Swiss architectural firm Herzog & de Meuron along with Page, Sixth&Blanco will feature ten luxurious private residences, a 57-key hotel operated by MML, state-of-the-art amenities for both residents and hotel guests, as well as an exclusive members-only social club & bathhouse. The development will also include high-end retail spaces showcasing art galleries and restaurants. These homes average over 4,600 square feet each with prices starting at $10 million.

Upon completion of construction on this impressive project there will be over 50

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