Financing Set for Mixed-Use, High-Rise Asset in Austin

Publication: Commercial Property Executive
BY Lisa Brown

Kairoi Residential of San Antonio, Lincoln Property Co. of Dallas and DivcoWest of San Francisco have formed a partnership to develop the 6xGuadalupe project, a mixed-use tower in downtown Austin, Texas. The site preparation will begin with the demolition of the existing Extended Stay America hotel located at 600 Guadalupe St., scheduled for October 29.

The LEED Gold-seeking AAA-Class project will rise 66 stories high, totaling 587,780 square feet and will comprise 349 multifamily units on floors 33 through 66, office floors between levels 14 and 32, as well as 11 floors of parking and 14,550 square feet of ground-floor retail space. Office floor plates will range from 30,241 to 35,501 square feet. The office portion is slated for completion in late 2022, while the delivery date for the residential portion has yet to be announced.

The building will feature private outdoor terraces totaling 35,000 square feet, an on-site fitness center and high-speed elevators. The residential units will include a number of penthouses with access to a private rooftop club room, dining room, outdoor amenity deck and swimming pool.

Lincoln Property Co. is the developer of the commercial segment, while Kairoi Residential will handle the construction of the multifamily component. Gensler is the project’s architect.