BREAKING NEWS

Hines Lands Berg Restaurant in Downtown Tower

Harold Farb Skyscraper Sold

Hotels Sold for $137 Million

High Mortgages Frustrate Buyers

RNR Real Estate Briefs – HOU, AUS, DAL & more

East River Adding Art to the Mix

REALTY NEWS REPORT - Logo

Banner
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

New Jersey Developer Building Another Project in Texas

by Realty News ReportMarch 12, 2020July 5, 2020
Share0
Rendering of Zoey, a multifamily development underway in Austin. Image: MSC Architects.

AUSTIN – (Realty News Report) – The Michaels Organization, based in Camden, N.J., has broken ground on a 307-unit multifamily project at 5700 East Riverside Drive in Austin.

The $59 million multifamily development marks Michaels’ first entrance into the Austin market, which is one of the fastest-growing cities in the country.

Located at 5700 East Riverside Drive, the mid-rise project, called Zoey, will offer units near the Colorado River waterfront and the Oracle facility east of downtown.

The new mid-rise project, with five and six-story buildings, will have amenities including a dog-wash station.

MSC Architects, LLC of Dallas, Texas is serving as the master architect and Michaels Construction is the general contractor. Michaels will also provide property management services. Berkadia’s JV Equity & Structured Capital Group, led by Cody Kirkpatrick, Noam Franklin and Chinmay Bhatt, secured financing.

Although this is Michaels’ first entry into the Austin market, the organization is not new to the state, having long owned and managed affordable living communities in both Houston and Midland.Later this summer, Michaels will also grand open Mission Trail at El Camino Real, a new mixed-income housing community in nearby San Marcos, that will serve the city’s growing workforce.

March 12, 2020 Realty News Report Copyright 2020

Read The New Book for the New Year by Ralph Bivins, Editor of Realty News Report 

 Houston 2020: America’s Boom Town – An Extreme Close Up

Available on Amazon  http://tiny.cc/4a2g6y
Share0
previous post
Houston’s Strong February Home Sales Collide With Coronavirus
next post
Entrada Partners Acquires Office Building

Related posts

Hines Lands Berg Restaurant in Downtown Tower

Realty News ReportMarch 30, 2023

Harold Farb Skyscraper Sold

Realty News ReportMarch 29, 2023March 30, 2023

Hotels Sold for $137 Million

Realty News ReportMarch 29, 2023

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
Property Logos
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
Evergreen Commercial Realty
STREAM Ad
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact