RiverSouth Rendering, Austin

April 17, 2019 Comments Off on Stream Realty Obtains $123M Loan for RiverSouth Construction Views: 765 Austin, Texas News

Stream Realty Obtains $123M Loan for RiverSouth Construction

Developer Stream Realty Partners secured a $122.9 million construction loan for development of RiverSouth, a 360,860-square-foot office development in South Austin. HFF’s Colby Mueck, Robert Wooten, Chris McColpin and Jayme Nelson arranged the financing through New York Life Real Estate Investors, on behalf of New York Life Insurance Co.

RiverSouth, which is scheduled for a 2021 completion, is situated at South 1st Street, West Riverside and Barton Springs Road, across Lady Bird Lake from downtown Austin. Stream Realty and partner QuadReal Property Group launched construction on the project in March 2019. The property, at 401 S. 1st St., will feature 37,000-square-foot average floorplates, five levels of subterranean parking and a fitness studio.

Additional features will include a bike valet and storage, and seventh-floor amenity deck and rooftop lounge.

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