Construction Financing Secured for 50-Story Austin High-Rise
Dallas-based developer Genesis Real Estate Group and partner PGIM Real Estate have secured construction financing for The Travis, a 50-story, 423-unit apartment tower project in Austin.
The building is being called Austin’s tallest single purpose, for-rent multifamily high-rise. Located at 80 River St. in Austin’s Rainey Street District, the project is slated to be completed in fall 2024. The luxury residences at The Travis will feature technology-enabled living spaces, modern interiors and more than one acre of community amenities.
Campbell Roche and Robert Wooten of JLL arranged the debt through JP Morgan Chase on behalf of Genesis and PGIM.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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