Off-market assemblage of two acres on South Congress Avenue, in Downtown Austin; development and lease-up of transformative project anchored by Soho House, Gensler, Deloitte, and Lululemon.
Off-market assemblage of six separate sites, totaling two acres, that included multiple acquisitions and long-term ground leases with purchase options.
Capital Structuring and Deal Execution
Recapitalized debt and equity with permits secured, construction contract in place, and anchor tenant signed.
Planning, Design, and Development
Designed and developed best-in-class project featuring three distinct 3-4 story buildings set amid curated streetscapes and paseos and comprising of 163,000 square feet of office, retail, and hospitality uses.
Leasing, Marketing and Branding
Leasing to best-in-class tenants including Soho House, Equinox, Gensler, Deloitte, Hermes, Nike, Alo Yoga, Lululemon, Aba (Lettuce Entertain You), Everlane, Sweetgreen, Le Labo, Parachute, Loveshack Fancy, and several others*.
Recapitalized debt and equity with institutional capital partner and lender both prior to construction commencement and upon completion of construction and lease-up.
* Equinox, Hermes, Nike, Alo Yoga, and Sweetgreen are a part of Turnbridge's broader South Congress development.
1009-1011 South Congress Avenue
Land Assemblage, Placemaking
163,000 square feet
Currently owned by Turnbridge; recapitalized in April 2017 and February 2020