Austin | The Linden (17th & Guadalupe) | 333 Feet | 28 Floors | Complete - Page 10

ATX2030 · #1 Posted **Jun 12, 2021, 3:51 PM**

Quote:

Originally Posted by WestAustinite

Are you sure about that amount? Seems very high considering there are only 117 units. $279MM + developer profit means every unit would be $3+MM

That sum is for two projects they are planning in the metro.

https://www.bizjournals.com/austin/n...financing.html

Michelle Pitcher – Staff Writer, Austin Business Journal

..."Reger Holdings LLC, a New York-based real estate developer, has secured $278.5 million in construction financing from Madison Realty Capital LP for projects in Austin.

The financing is for The Linden, a condominium high-rise planned at 313 W. 17th St., and various elements within EastVillage, an ambitious mixed-use development planned for East Parmer Lane.

Madison Realty’s loan makes up the debt investment, while Reger Holdings provided the equity for both major developments."

GoldenBoot · #2 Posted **Jun 12, 2021, 5:12 PM**

Quote:

Originally Posted by WestAustinite

Are you sure about that amount? Seems very high considering there are only 117 units. $279MM + developer profit means every unit would be $3+MM

Oops. Maybe I should have taken the time to actually read the article instead of skimming it.

MBAus · #3 Posted **Jun 21, 2021, 3:10 PM**

Looks like demolition has begun on the old building on this lot.

The ATX · #4 Posted **Jun 21, 2021, 3:15 PM**

Nice.

427MM · #5 Posted **Jun 23, 2021, 3:23 PM**

They don't want to be 100% at this point and have actually slowed marketing. They have a ~2 yr buildout and need homes to sell (especially with price escalations this market is seeing).

The ATX · #6 Posted **Aug 1, 2021, 6:12 PM**

Has anyone been by the site and noticed if demo has been completed?

MBAus · #7 Posted **Aug 2, 2021, 8:29 PM**

As of last week the building was still standing.

MichaelB · #8 Posted **Aug 2, 2021, 9:19 PM**

nope... just looked out my window... .stilll there.

MBAus · #9 Posted **Aug 16, 2021, 2:55 PM**

Activity at this one today. Cyclone fencing is up and there's a bobcat tractor on the site. Looks like they'll finally tear down the structure this week.

MichaelB · #10 Posted **Aug 17, 2021, 7:01 PM**

demo almost done!

Urbannizer · #11 Posted **Aug 17, 2021, 9:38 PM**

We vs us · #12 Posted **Aug 17, 2021, 9:48 PM**

Oh that's interesting. I guess I never put it together on my mental map that it would be next to the new Hilton Garden Inn. That's gonna be a pretty bulky block when all's said and done.

Peaky Blinder · #13 Posted **Sep 9, 2021, 2:20 AM**

Looks like the ground breaking is on 9/15/21. And may be 2 years guess will be ready by 2023 Summer...

sjk · #14 Posted **Sep 15, 2021, 5:42 PM**

Photo from groundbreaking ceremony:

https://www.instagram.com/p/CT2bAe6FtGf/

The ATX · #15 Posted **Sep 15, 2021, 6:03 PM**

Ah, yes. The golden shovel moment. The excavator must have already left the site. Otherwise it would have been the backdrop.

migol24 · #16 Posted **Sep 15, 2021, 6:40 PM**

I'd been ignoring this project but now that I'm paying attention and I know exactly where this is located, I realize now that this section of downtown is quietly turning into one of the most densely built sections of downtown. I drove through here just the other day and that was one of the first things I noticed. But I didn't realize that this project was going up right next to The Clay Pit. Now I'm a little more excited to see the outcome.

clubtokyo · #17 Posted **Sep 15, 2021, 6:58 PM**

Oh interesting, i guess never understood where this is also. Thanks for the claypit reference. Build it!

Urbannizer · #18 Posted **Sep 23, 2021, 10:09 PM**

The ATX · #19 Posted **Oct 15, 2021, 8:36 PM**

The tower crane is scheduled for erection during the first weekend in November:

https://abc.austintexas.gov/public-s...rtyrsn=2017935

JoninATX · #20 Posted **Oct 23, 2021, 7:54 AM**

This one can now be switch to U/C. Drove by the other day and saw lots of rebar on site.