Austin | The Linden (17th & Guadalupe) | 333 Feet | 28 Floors | Complete - Page 11

ATX2030 · #**201** Posted **Jun 12, 2021, 3:51 PM**

Quote:

Originally Posted by WestAustinite

Are you sure about that amount? Seems very high considering there are only 117 units. $279MM + developer profit means every unit would be $3+MM

That sum is for two projects they are planning in the metro.

https://www.bizjournals.com/austin/n...financing.html

Michelle Pitcher – Staff Writer, Austin Business Journal

..."Reger Holdings LLC, a New York-based real estate developer, has secured $278.5 million in construction financing from Madison Realty Capital LP for projects in Austin.

The financing is for The Linden, a condominium high-rise planned at 313 W. 17th St., and various elements within EastVillage, an ambitious mixed-use development planned for East Parmer Lane.

Madison Realty’s loan makes up the debt investment, while Reger Holdings provided the equity for both major developments."

GoldenBoot · #**202** Posted **Jun 12, 2021, 5:12 PM**

Quote:

Originally Posted by WestAustinite

Are you sure about that amount? Seems very high considering there are only 117 units. $279MM + developer profit means every unit would be $3+MM

Oops. Maybe I should have taken the time to actually read the article instead of skimming it.

MBAus · #**203** Posted **Jun 21, 2021, 3:10 PM**

Looks like demolition has begun on the old building on this lot.

The ATX · #**204** Posted **Jun 21, 2021, 3:15 PM**

Nice.

Peaky Blinder · #**205** Posted **Jun 23, 2021, 2:06 PM**

Got this email about update one Linden..I though they are 100% sales are done?

We are excited to announce that The Linden Residences is about to break ground following demolition of the William Gammon Insurance building, a two-story building that was built in the 80's. The general contractor has also been selected...Bartlett Cocke, a Texas-based integrated building solutions company. In addition, the loan to move forward has closed and is being funded by Madison Realty Capital, a New York City-based real estate private equity firm, which also financed a 400-acre EastVillage mixed-use project for a combined $287.5 million.

“We are proud to begin construction on The Linden Residences with the support of Bartlett Cocke, who has roots in Texas, and with the support of MRC who is making a large entry into the market. Both align with our unique vision for this development,” said Gordon Reger, CEO of Reger Holdings. “This inspiring project emphasizes our long-term commitment and dedication to the Austin community.”

With an estimated late Summer 2023 completion, the 28-story Linden will be the first new tower overlooking the Texas State Capitol. Downtown standing inventory is limited, so we are excited to share this pre–construction opportunity. Sales are approaching 40%, and we anticipate a surge in activity once construction begins.

427MM · #**206** Posted **Jun 23, 2021, 3:23 PM**

They don't want to be 100% at this point and have actually slowed marketing. They have a ~2 yr buildout and need homes to sell (especially with price escalations this market is seeing).

The ATX · #**207** Posted **Aug 1, 2021, 6:12 PM**

Has anyone been by the site and noticed if demo has been completed?

MBAus · #**208** Posted **Aug 2, 2021, 8:29 PM**

As of last week the building was still standing.

MichaelB · #**209** Posted **Aug 2, 2021, 9:19 PM**

nope... just looked out my window... .stilll there.

MBAus · #**210** Posted **Aug 16, 2021, 2:55 PM**

Activity at this one today. Cyclone fencing is up and there's a bobcat tractor on the site. Looks like they'll finally tear down the structure this week.

MichaelB · #**211** Posted **Aug 17, 2021, 7:01 PM**

demo almost done!

Urbannizer · #**212** Posted **Aug 17, 2021, 9:38 PM**

We vs us · #**213** Posted **Aug 17, 2021, 9:48 PM**

Oh that's interesting. I guess I never put it together on my mental map that it would be next to the new Hilton Garden Inn. That's gonna be a pretty bulky block when all's said and done.

Peaky Blinder · #**214** Posted **Sep 9, 2021, 2:20 AM**

Looks like the ground breaking is on 9/15/21. And may be 2 years guess will be ready by 2023 Summer...

sjk · #**215** Posted **Sep 15, 2021, 5:42 PM**

Photo from groundbreaking ceremony:

https://www.instagram.com/p/CT2bAe6FtGf/

The ATX · #**216** Posted **Sep 15, 2021, 6:03 PM**

Ah, yes. The golden shovel moment. The excavator must have already left the site. Otherwise it would have been the backdrop.

migol24 · #**217** Posted **Sep 15, 2021, 6:40 PM**

I'd been ignoring this project but now that I'm paying attention and I know exactly where this is located, I realize now that this section of downtown is quietly turning into one of the most densely built sections of downtown. I drove through here just the other day and that was one of the first things I noticed. But I didn't realize that this project was going up right next to The Clay Pit. Now I'm a little more excited to see the outcome.

clubtokyo · #**218** Posted **Sep 15, 2021, 6:58 PM**

Oh interesting, i guess never understood where this is also. Thanks for the claypit reference. Build it!

Urbannizer · #**219** Posted **Sep 23, 2021, 10:09 PM**

The ATX · #**220** Posted **Oct 15, 2021, 8:36 PM**

The tower crane is scheduled for erection during the first weekend in November:

https://abc.austintexas.gov/public-s...rtyrsn=2017935