HFF arranges joint venture equity for multi-housing development in Austin, Texas

Hanover South Lamar, Austin, TX

HOUSTON, TX – HFF announced it has arranged joint venture equity for the development of Hanover South Lamar, a 340-unit, to-be-built multi-housing community in Austin’s South Lamar neighborhood.

HFF worked exclusively on behalf of The Hanover Company to secure the joint venture equity with a private investor. Equity proceeds are being used to build the project.

Due for completion in November 2014, Hanover South Lamar will be a five-story building over two and one-half levels of parking with 6,200 square feet of retail or office space.

The project will have one- and two-bedroom units averaging 875 square feet each.



Scott Galloway



Parking will be provided for 479 vehicles. Hanover South Lamar is situated on a 3.44-acre site at 809 South Lamar Boulevard close to Zilker Park, the South Congress entertainment district, Barton Springs, the Town Lake Hike and Bike Trail and Highway 71 about one mile south of downtown Austin.



Sean Sorrell



The HFF team representing The Hanover Company was led by director Cortney Cole, executive managing director Scott Galloway, senior managing directors Sean Sorrell and Doug Opalka, associate director Robert Wooten and real estate analyst Kelly Layne.



Doug Opalka



The Hanover Company, located in Houston, Texas, stands among the most active private real estate companies in the United States, specializing in the development of high quality multi-family residential properties nationwide.

With more than thirty years of experience and an award-winning portfolio of residential high-rise, mid-rise, mixed use and suburban projects, Hanover is focused on strategic growth in major markets across the United States. 

Robert Wooten

Current locations in U.S. markets include San Francisco, Los Angeles, San Diego, Dallas, Denver, Austin, Houston, Washington, D.C., Baltimore, Philadelphia and Boston.

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

Kristen M. Murphy
Associate Director HFF

9 Greenway Plaza, Suite 700
Houston, TX 77046
tel 713.852.3500
cel 617.543.4873
fax 713.527.8725
www.hfflp.com
krmurphy@hfflp.com