Construction financing secured for new multifamily community in Northwest Austin, Texas

Financing has been secured for a new multifamily community in North Austin.

LakeLine multifamily scheme, Texas - Embrey | BTR News
LakeLine multifamily scheme, Texas.

Embrey’s Lakeline property brings premium residential options to one of the fastest growing and most desirable areas of the capital city of Texas. And financing from Vantage Bank has been secured for construction of 304 multifamily residential units in North Austin that will provide easy access to downtown and nearby retail and job centres, including the newly announced $1b Apple campus. 

The site is located across Highway 183 from Lakeline Mall, which features a range of choices in retail, dining and grocers. It will feature an elegant clubhouse, a business centre, wi-fi in all common areas and private garage parking. Residents will have access to a fitness centre with on-demand virtual trainers, a game room, a swimming pool with cabanas, barbecue areas with grills and a dog park.

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

Jimmy McCloskey, Executive Vice President, Development

Construction is scheduled to begin in June. First occupancy is expected for August 2021 and the project completion is due by November 2022.