Transwestern Development Co. To Develop Mixed-Use Project In Austin, Texas, Totaling 445,952 Square Feet

AUSTIN, Texas, Feb. 16, 2015 /PRNewswire/ -- Transwestern Development Co. today announces its plans to develop a mixed-use project at 1621 and 1645 E. 6^th St. in Austin, Texas. Transwestern Development Co. and its partners have broken ground on the two-building project situated on a 4.2-acre site at the intersection of E. 6^th Street and Comal Avenue. The first building is a 94,500-square-foot creative office building, which is scheduled for completion in January 2016. The second building, called The Arnold, is slated for delivery in July 2016 and consists of 346 apartment units with 9,600 square feet of specialty retail at three key intersections of the property. Transwestern Development Co. Associate Vice President Josh Delk is leading the development team.

"We are very pleased to get started on this exciting development," said Delk. "This location is in the center of one of Austin's most culturally rich and defining neighborhoods, and we are thrilled to be bringing a project of this caliber to the area. The Arnold and accompanying office building will add to the creative energy with its mix of office, multiple housing options and prominent local retail and restaurant offerings."

East Austin has received national acclaim for its unique and award-winning entertainment and dining experiences, and its central location provides easy access to downtown, the University of Texas and the Austin-Bergstrom International Airport. Additionally, the Austin MetroRail's Plaza Saltillo station sits immediately adjacent to the development site at the northwest corner of 5^th Street and Comal Avenue.

The Arnold residential community will feature a large, resort-style pool; activity courtyard; roof deck with views of downtown Austin; business meeting areas; state-of-the-art fitness center with yoga studio and classes by FX Fitness; secure bike storage and private storage units.

Each unit in the Arnold will feature quartz countertops, custom wood cabinets, a gourmet prep island, stainless steel appliances, full-sized washer and dryer connections, bike storage and private balconies.

Amegy Bank of Texas and Comerica Inc. provided the financing for the project. Kirksey Architecture designed the office portion of the project, and Wilder Belshaw Architects designed the Arnold. The general contractors are Harvey Cleary., for the office portion, and Andres Construction for the mixed-use building. KimballBruehlGarciaEstes is the civil engineer for both buildings.

ABOUT TRANSWESTERN DEVELOPMENT COMPANY
Transwestern Development Company is a diversified business with expertise and experience in all commercial property types. The firm executes projects through a variety of venture and contract structures and has been creating commercial landmarks for itself, its partners and valued customers throughout the U.S. since 1978. Transwestern Development Co. operates as a principal, investing capital alongside its institutional equity partners in the development of speculative and build-to-suit projects, and as a fee developer for clients and user-owners. The company has amassed valuable experience in construction, design, sustainability, leasing, acquisitions, finance and asset management. As a member of the Transwestern family of companies, the firm capitalizes on the market insights and operational expertise of its affiliates, which include a diversified real estate services firm with 34 U.S. offices and a real estate investment management company. Please visit transwesterndevelopment.com for more information.

Media Contact:
Stefanie Lewis
713.272.1266
[email protected]

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SOURCE Transwestern Development Company

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