As Pearlstone Partners starts another condo development, CEO Robert Lee talks Austin's urban future

July 9, 2021, 5:00:00 AM

AUSTIN BUSINESS JOURNAL —  Austin-based real estate development firm Pearlstone Partners, led by CEO Robert Lee, has another condo project in the works — this one is set to bring 200 units with a small footprint to the Mueller mixed-use community. At the groundbreaking, Lee weighed in on whether developers — and the city — should prioritize dense housing.

East Avenue Demolition Clearing Path for Rainey’s Next Condo Tower

June 9, 2021, 5:00:00 AM

TOWERS — The pending demolition of a restaurant building will soon clear the site of a planned downtown Austin condo tower on the edge of the Rainey Street District. The 41-story East Tower project by local developers Pearlstone Partners in partnership with New York-based investment firm ATCO Properties is currently expected to break ground later this year atop a 0.4-acre site at 82 and 84 East Avenue.

Parkside Brings Mueller Its First Real-Deal Density-Loving Condo Community

April 8, 2021, 5:00:00 AM

AUSTIN TOWERS - Approximately 17 years into its transformation from an Austin airport to a master-planned neighborhood, you might say Mueller is running out of surprises — most of its sprawling 711 acres are now built out on behalf of its master developers at Catellus. We’re excited to see how an expected future apartment project fits around the iconic former Mueller Airport’s preserved control tower, and it was nice to finally see the neighborhood’s first boutique hotel plan a while back — but to us, one of the area’s biggest game-changers lately will be the completion of Parkside at Mueller, the first major condominium development of its kind in the neighborhood by the locals at Pearlstone Partners and New York-based ATCO Properties.

Pearlstone, ATCO to Develop 284-Unit Multifamily Project in Austin

April 13, 2021, 5:00:00 AM

TEXAS REAL ESTATE BUSINESS — A partnership between Austin-based Pearlstone Properties and New York-based ATCO Properties & Management will develop The East Tower, a 284-unit multifamily project that will be located in Austin’s historic Rainey Street District.

Building ‘Attainable’ Condos Within Austin’s Urban Core

March 31, 2021, 5:00:00 AM

MHN — Austin continued to showcase strength throughout the pandemic, with real estate fundamentals remaining relatively steady. The strong in-migration from high-cost gateway markets has maintained high demand levels, particularly for more affordable housing options, according to a recent Yardi Matrix report.

Pearlstone Partners Developing 200-Condo Project

March 17, 2021, 5:00:00 AM

RECON — Pearlstone Partners is developing Parkside at Mueller, a 200-unit condominium community on 1.8 acres at 1701 Simond Ave. The project will offer studio-, one-, two-, and three-bedroom floor plans. Thirty of the condos will be reserved for families earning up to 80 percent of the area median family income. Construction will begin in the second quarter and be complete by mid-2023.

Pearlstone Partners to build 200 condos in Mueller

March 12, 2021, 6:00:00 AM

AUSTIN BUSINESS JOURNAL — More dirt will move soon in the Mueller mixed-use community, as Austin-based Pearlstone Partners announced it will develop a six-story, 200-unit condominium project.

$53 million mixed-use development pulls into trendy Austin neighborhood (Parkside at Mueller mentioned)

March 10, 2021, 6:00:00 AM

CULTURE MAP AUSTIN – Construction will get underway this spring on a mixed-use project in East Austin that’ll be anchored by 200 condos.

Condos in the six-story Parkside at Mueller project will be a mix of studio, one-, two-, and three-bedroom units measuring 600 to 1,600 square feet. Thirty of the condos will be set aside for families who earn up to 80 percent of Austin’s median family income. Prices for the condos haven’t seen set.

Parkside at Mueller: More condos en route to Austin

March 10, 2021, 6:00:00 AM

KVUE — The Mueller development is continuing to feel the effects of boomtown Austin.

On Wednesday, Austin-based Pearlstone Partners announced a new condominium project is coming to Mueller's Aldrich Street. It's called Parkside at Mueller and it will be located at 1701 Simond Avenue.

The Race Is On for Downtown Austin’s First Tower Groundbreaking of 2021

February 4, 2021, 6:00:00 AM

AUSTINTOWERS.NET — Though we saw plenty of construction progress on existing projects, no major downtown Austin tower plans have broken ground since the coronavirus kicked off in earnest last year.

How new towers are reshaping downtown Austin living

January 29, 2021, 6:00:00 AM

AUSTIN BUSINESS JOURNAL — Expect more construction cranes in Austin’s Central Business District in 2021, as several projects in the area are progressing. Here is the latest update on the downtown housing scene.

2 more towers on track to rise in Rainey Street area

November 24, 2020, 6:00:00 AM

AUSTIN BUSINESS JOURNAL — The Rainey Street corridor, once a quaint neighborhood in the shadows of downtown, is now a nightlife district. But much of the area is going vertical, and two more residential towers moved forward after an Austin Design Commission meeting on Nov. 23.

41-Story Condo Tower to Break Ground Next Year in Rainey Street District

November 23, 2020, 6:00:00 AM

CoStar News —  Rainey Street’s rapid transformation in Austin, Texas, continues with developers planning to break ground next year on a 41-story condominium tower overlooking the popular nightlife district.

Pearlstone Condo Project Lands Construction Debt

October 8, 2020, 5:00:00 AM

CONNECT TEXAS —  Waterloo Real Estate Investments and Highland Realty Capital arranged a $26.5-million construction loan on behalf of Austin-based Pearlstone Partners for its latest condominium project, Cascade Condominiums. It’s the fourth loan that Austin-based Waterloo and Los Angeles-based Highland have closed with Pearlstone in the past two years.

Downtown Austin development: New condos, offices on the way

October 2, 2020, 5:00:00 AM

COMMUNITY IMPACT Central Texas —  New condos coming in West Campus area - Cascade Condominiums, a new 113-unit condo development at 2500 Longview St., Austin, broke ground in September. Prices will range from $280,000 to $635,000 per condo at the site, which is being developed by Pearlstone Partners and marketed by Prospect Real Estate. Two commercial units will also be included.

Local developer to build big in East Austin, Rainey, Mueller

November 5, 2019, 6:00:00 AM

ATX REAL ESTATE NEWS —  Pearlstone Partners is entering East Austin’s booming office market with a proposed 103,000-square-foot building on East Fifth Street.

The Austin-based company headed by Robert Lee is co-developing the four-story office building with New York-based ATCO Properties & Management LLC. Austin architecture firm Sixthriver is designing the building. Wuest Group is the civil engineer.

Lee said he expects the building, at 2700 E. Fifth St., to break ground in the third quarter of 2020 and be complete in the first quarter of 2022.

Pearlstone Partners determined to deliver quality condos near downtown for best prices in market

November 5, 2019, 6:00:00 AM

ATX REAL ESTATE NEWS —  Developer Robert Lee has taken full advantage of Austin’s robust growth over the past decade to build a versatile portfolio of multifamily and office/industrial projects in a range of submarkets.

But his most consuming passion is building condos for the missing middle, which he prefers to label “attainable housing.”

How these cool condos took care to fit into their East Austin neighborhood

November 5, 2019, 6:00:00 AM

CULTURE MAP AUSTIN —  When you have a neighborhood as cool and established as Govalle in East Austin, everyone's nightmare is that a new housing complex will come in and completely destroy the vibe. Luckily, Pearlstone Partners took care to learn about and respect the area when it built HOM

A closer look at Natiivo Austin

October 31, 2019, 5:00:00 AM

CULTURE MAP AUSTIN —  If you've thought about dipping your toe into the home-sharing business but feel overwhelmed by all the minutiae you'd have to manage, here's a new concept to consider.

New development in Rainey Street District involves new home-sharing concept

July 16, 2019, 5:00:00 AM

KVUE —  AUSTIN, Texas — In an already built-up area of town, the Rainey Street District can soon expect another neighbor. Construction on Natiivo Austin is set to begin in the fall. It's a hotel located at 48 East Avenue, two blocks from Rainey Street. Robert Lee, CEO of Pearlstone Partners, said it is unlike any hotel in Austin.

Austin Condo Project Scores $88M Loan

April 30, 2019, 5:00:00 AM

MULTI-HOUSING NEWS —  A joint venture between Pearlstone Partners and Newgard Development Group has secured an $87.9 million construction loan for the development of a 33-story, 249-unit condo project in downtown Austin. 3650 REIT originated the single-source stretch senior loan, which will allow construction to start by the end of June.

Modern new condos spring up near all the best that downtown Austin offers

July 7, 2018, 5:00:00 AM

CULTURE MAP AUSTIN —  Imagine living in a unique, thriving neighborhood that's close to some of the best Austin has to offer — and with a price point that's affordable to everyone from first-time buyers to empty-nesters looking to downsize. 

Located on one of Austin's most iconic streets, Manor Road, and starting in the low $200s, EastGate blends East Austin cool with a one-of-a-kind lifestyle.

Designed To Share: Airbnb-Backed Developer Is Building Condos Made For Home Sharing

June 19, 2018, 5:00:00 AM

FORBES TECH - Technology Summary —  Miami-based real estate developer Newgard Development Group announced Tuesday that it will open condominium towers purpose-built for home-sharing. Operated under the brand Natiivo, the properties in Miami and Austin will be part of Powered by Airbnb...

Gaze out over the 5 best rooftop views of downtown Austin

January 22, 2019, 6:00:00 AM

CULTURE MAP AUSTIN —  When seeking out your ideal next home, amenities are key. EastGate condominiums not only showcase 17 unique and luxurious floorplans, but the community also features a killer location, coveted amenities, and affordable prices for its residents.

Pearlstone Partners emerges as a new brand in the Austin real estate landscape

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AUSTIN, Texas — January 8, 2019  Land Development and Construction, LLC. (LD&C), a longtime Austin commercial real estate development company proudly announces it is becoming Pearlstone Partners.  The new brand name is a strategic move to align the company’s market vision with growth opportunities.

Meet Austin’s infill infiltrator with a track record of picking trendy sites

August 12, 2016, 5:00:00 AM

AUSTIN BUSINESS JOURNAL — Veteran Austin developer Robert Lee has spent his professional life building difficult infill projects, which have become even harder to pull off locally as land prices and development costs skyrocket.

But still he persists — 

Lee ready to tackle Rainey tower

July 4, 2014, 5:00:00 AM

AUSTIN BUSINESS JOURNAL — Austin developer Robert Lee is gaining momentum in the hot infill business and is about to embark on his most ambitious project yet — a $100 million, 35-story apartment complex that will be built around the corner from SkyHouse Austin, the glitzy new apartment complex recently completed by Atlanta-based Novare Group in the Rainey Street District.

New townhomes with funky vibe pop up in South Austin

October 9, 2015, 5:00:00 AM

CULTURE MAP AUSTIN — It's not often that a property pops up on the market with a perfect balance of old and new Austin. Introducing 2002 Glen Allen St., a luxury townhome project off of Manchaca Road that perfectly blends classic 78704 living with modern flair.

Austin developer wraps up sleek new townhouses in South Austin

September 8, 2015, 5:00:00 AM

AUSTIN BUSINESS JOURNAL — Infill residential projects are some of the most challenging for developers, but that doesn't deter Austin developer Robert Lee. His company Land Development and Construction LLC just finished eight units at 2002 Glen Allen St. near the Broken Spoke dance hall on South Lamar Boulevard.

Developer Robert Lee adds contracting to LD&C’s portfolio

April 17, 2015, 5:00:00 AM

AUSTIN BUSINESS JOURNAL — Austin developer Robert Lee has never built his business in a typical fashion and he’s not changing focus now. 

Robert Lee is ready to hit radar screens

March 21, 2013, 5:00:00 AM

Robert Lee is a rarity in the Austin real estate community. One of a few local Chinese developers, Lee has maintained a low profile building mostly small multifamily projects such as duplexes and houses with garage apartments. 

New apartment complex in works in West Campus

September 24, 2012, 5:00:00 AM

AUSTIN BUSINESS JOURNAL — More student housing is on the way for the West Campus area, with the latest project a $26 million upscale apartment complex in the works at 21st and Pearl streets.

Chinese American Investors Announce Largest Multi-Family Project in Austin West Campus Area

June 14, 2012, 5:00:00 AM

Robert Lee, principal of LD&C, has brought together several Chinese American investors to fund this $26 million commercial high-rise student housing project. This is the largest privately funded Asian commercial real estate project to date in Austin.