 |
| 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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