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Old Posted Jan 21, 2022, 6:52 PM
ATX2030 ATX2030 is offline
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$500 million Southeast Austin project calls for 4,000 homes, condos and apartments

https://www.statesman.com/story/busi...es/6598687001/

Shonda Novak
Austin American-Statesman

A development group led by Houston-based Hines plans to build a $500 million mixed-use development on 1,400 acres in Southeast Austin. Plans call for more than 2,500 houses, over 1,500 multifamily units and commercial space.
A $500 million development that calls for more than 2,500 houses, 1,500 multifamily units and commercial space is in the works for fast-growing Southeast Austin

The developer is Houston-based Hines, an international real estate firm. Its partners are Vancouver-based Trez Capital, based in, Dallas-Fort Woth-based Caravel Ventures and Tokyo-based Sumitomo Forestry.

The project — which is being called Mirador — will be developed at a cost of more than $500 million, according to Hines executives. The company said financing is in place, but did not provide additional details.

The Hines-led development group said this week that it has closed on the sale of the 1,400-acre site for the project. The property is bounded in part by Pearce and Wolf lanes, south of Texas 71 and near the Texas 130 tollroad. The land was purchased from Qualico. The purchase price was not disclosed.
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