Texas + Finance | May 26, 2020

Embrey Secures Construction Debt for North Austin Apartments

Embrey Partners has secured an undisclosed amount of financing from Vantage Bank to build 304 rental apartments in North Austin, near downtown and nearby retail and job centers, including the newly-announced $1-billion Apple campus. The property is across Highway 183 from Lakeline Mall.

“In terms of location, design detail and desirable living experience, Lakeline will set the standard for preferred living in North Austin,” said Embrey EVP Jimmy McCloskey. “As a Texas-based company, Embrey is excited to add this premier property to our Austin portfolio.”

Residents will have access to a business center, a fitness center with on-demand virtual trainers, a game room, a swimming pool with cabanas, barbecue areas and a dog park. Construction is scheduled to begin in June, with the first move-ins slated for August 2021 and project completion scheduled for November 2022.

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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