AUSTIN – (Realty News Report) – Sales for the new Four Seasons Private Residences Lake Austin, an upscale hilltop development by Austin Capital Partners and Hines, are starting off strong – despite the heavy price tags.
Residences start at $4.1 million and go up.
Over 50 percent of residences have been reserved since reservations began in late September.
Eric Moreland Group, the Austin affiliate for Christie’s International Real Estate, handles sales for the project, which is expected to break ground in 2023.
Completion of the 179-home property is slated for 2025.
“We’re thrilled with the overwhelming reception of Four Seasons Private Residences Lake Austin by the luxury market, with more than half the project—not only residences, but also residential square footage—reserved since September,” said Eric Moreland, Broker Associate of Moreland Properties. “The project’s early success is a testament to the Four Seasons brand (Four Seasons Hotel and Resorts.”
300-Foot Infinity Pool
The 145-acre private enclave is situated 20 minutes from downtown Austin and features views of the lake, Pennybacker Bridge, PGA golf course and downtown skyline. The property will have a 300-foot infinity-edge pool with three lounging and swimming zones, adjacent game room and private cabanas
Residences range from 1,900 to 7,000 square feet and feature large outdoor terraces. The development’s 18 residential buildings that are named for flora found in the surrounding Hill Country, from Abelia to Wisteria.
Hines is also developing the 46-story Brava apartment tower in downtown Houston. Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 255 cities in 27 countries. Hines oversees investment assets under management totaling approximately $83.6 billion
Austin Capital Partners was founded by Jonathan Coon, Jason Subotky, and Eduardo Margain.
Feb. 8, 2022 Realty News Report Copyright 2022.
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File: Hines Four Seasons Project at Lake Austin
Rendering: Courtesy -DBOX-for-Austin-Capital-Partners