At a glance
- The tower has more than 400 units above an eight-story podium with residences, parking, amenities and a retail corner.
- Amenities include an elevated deck with a pool and wellness studio, a coffee shop with outdoor seating, a large bike room, a river-facing artist loft and a podcast and sound recording studio.
- Terms of the construction loan, including its loan-to-cost ratio, were not disclosed.
Genesis Real Estate Group has delivered The Travis, a 54-story residential tower on Rainey Street in downtown Austin, built with $173.4 million in construction financing from JPMorgan Chase, Connect CRE reported on Nov. 10.
The tower has more than 400 units above an eight-story podium with residences, parking, amenities and a retail corner. KTGY designed the building.
Amenities include an elevated deck with a pool and wellness studio, a coffee shop with outdoor seating, a large bike room, a river-facing artist loft and a podcast and sound recording studio.
Terms of the construction loan, including its loan-to-cost ratio, were not disclosed.
For allocators, the loan is attached to a delivered building, not a permitted one, so the open underwriting question is lease-up: how quickly the tower fills.
Reported by the Deals desk from Connect CRE. Published . Corrections