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
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
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.
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
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
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
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
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
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.
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
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
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
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
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
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.
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
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
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
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
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.
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.