JLL Capital Markets secured construction financing for The Travis, a 423-unit, high-rise multi-housing community located in the Rainey Street District of downtown Austin, Texas.
JLL worked on behalf of the borrower, Genesis Real Estate Group and PGIM Real Estate, to secure a construction loan through JPMorgan Chase.
With a projected completion of the fall 2024, the 50-story tower will be Austin’s tallest single-purpose, for-rent multi-housing high-rise, redefining Austin’s skyline and providing future residents top-tier accommodations and views of downtown and Lady Bird Lake. In addition to luxury residences characterized by technology-enabled living spaces, modern interiors and over one acre of community amenities, the property will offer connectivity to over 14,000 acres of public parks and trails found within the city.
Located at 80 Red River St. within downtown Austin, the property offers convenient accessibility to the growing 17.3 million square feet of office space in the Central Business District, which includes the Convention Center District. Residents are also proximate to Rainey Street, Austin’s historic avenue turned cultural and nightlife attraction. The property provides walkability to over 40 restaurants and bars and shops.
The JLL Capital Markets Team representing the borrower was led by Senior Managing Director Campbell Roche and Senior Managing Director Robert Wooten.