“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

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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