Tuesday, September 13, 2016

HFF arranges joint venture equity for mixed-use residential and hotel development in downtown Austin, TX

Robert Wooten
AUSTIN, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged joint venture equity for the development of Gables Republic Square, a 24-story, Class AA+ mixed-use residential and hotel project in downtown Austin, Texas.

HFF worked exclusively on behalf of the developer, Gables Residential, to arrange joint venture equity for the development of the property through The Carlyle Group.

Due for completion in early 2019, Gables Republic Square will be located at 400 Lavaca Street and will encompass 221 residential units along with a separately-owned, 159-key Hotel ZaZa.  The residential component will have a ground-floor lobby with residential units located on floors 13 through 24. 

Additionally, the Hotel ZaZa lobby, valet, bar and spa will occupy the ground floor while the hotel ballroom, restaurant and swimming pool will be located on floor 7 and guest rooms on floors 8 through 12. 

Floors two through six of the property will be reserved for residential parking, and two levels of subgrade parking will be reserved for the hotel.  Gables Republic Square will be an Austin Energy Green Building (Two Star Level), which is comparable to LEED certification, and features a design inspired by the surrounding historic Warehouse District.

The property’s for-rent homes will offer best-in-class finishes, including granite or quartz counters in kitchens and baths; stainless steel appliances; upgraded cabinetry; in-unit washers and dryers; wood or wood laminate flooring in all living and dining areas; built-in speakers in kitchen and dining area; eight-foot doors; granite thresholds; and balconies.

  Residents will have access to a rooftop amenity area featuring panoramic views of the city as well as a swimming pool, hot tub, outdoor kitchen, fireplace, club room, library and state-of-the-art fitness center. 

 In addition, residents will have access to a music practice room shared with the hotel and limited residential room service provided by Hotel ZaZa.

The HFF debt placement team representing the borrower was led by director Robert Wooten and senior managing director Matt Kafka.

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $176 billion of assets under management across 128 funds and 170 fund of funds vehicles as of June 30, 2016. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions.

  Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation.  The Carlyle Group employs more than 1,650 people in 35 offices across six continents.

Web: www.carlyle.com
Videos: http://www.carlyle.com/news-room/corporate-videos_new
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

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