Austin-based Endeavor Real Estate Group released new details about a planned 36-story tower downtown to the American-Statesman, including that it has lined up the equity for the mixed-use project and has brought the Lynd Co. on as a development partner.
Endeavor and Lynd , a family-owned national real estate company based in San Antonio, plan to break ground on the tower in September, with the first of its 358 apartment units ready for tenants by third quarter 2014. The project is called 3 eleven Bowie, after its address near West Fifth and Bowie streets.
Equity is being provided by an undisclosed institutional investor, said Jamil Alam, a managing principal with Endeavor. Endeavor and Lynd officials are in the market to raise the construction debt needed for the project.
You can read the entire story here from the Austin American Statesman.