Austin Hotel and Residences Receive Approval for $193M Construction Loan

Austin Hotel and Residences Receive Approval for $193M Construction Loan

Construction has officially begun at Sixth&Blanco, a mixed-use development in Austin that will feature both a hotel and luxury condos. The project is being led by Riverside and MML, with financing provided by Arvest Bank, Prosperity Bank, and Southside Bank in the form of a $193 million construction loan.

Designed by renowned Swiss architectural firm Herzog & de Meuron along with Page Architects, Sixth&Blanco will offer ten exclusive private residences as well as a 57-key luxury hotel operated by MML. Both residents and hotel guests will have access to modern amenities such as a private members social club & bathhouse, high-end retail shops, art galleries,and restaurants. These luxurious homes average over 4

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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