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| Samantha Jay |
AUSTIN, TEXAS –– JLL Capital Markets announced today that it has arranged the construction financing for Lirica East Austin, a unique, five-story, 338-unit, Class A multi-housing development located in Central East Austin.
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| Doug Opalka |
Located at 5211 E. 7th St.,
the property is positioned just three miles east of downtown Austin.JLL worked on behalf of the borrower, Central Southwest Texas Development, LLC DBA CSW Development, and the equity partner, Blueprint Local, to secure the loan.
The JLL Capital Markets Debt Advisory team
representing the borrower was led by Senior Managing Director Doug Opalka,
Senior Director CW Sheehan and Associates Scott Dickey and Samantha
Jay.
“Our team has worked diligently to secure
permits necessary to start construction, so we are excited to be able to break
ground at a time where high-quality construction trades are readily available due
to the challenging capital market environment,” said Kevin Hunter, CFO
and COO of CSW Development.
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| CW Sheehan |
With an anticipated completion
of Q1 2026, the property will feature studio, one-, two- and three-bedroom
units with an average size of 799 square feet.
Community amenities will include a swimming pool and cabanas, a club room and deck arena, a two-story fitness center, a leasing center, a coworking space, a fifth-floor sky lounge overlooking the Austin Downtown skyline, an outdoor courtyard and a dog park area.
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| Scott Dickey |
Contact:
Jenna Sharp
JLL, Public Relations
Dallas, Texas
M +1 214 394 3356
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