Austin South Shore District (SOLD)
Moran & Company is pleased to announce the marketing of a partnership interest in the development of South Shore District a development in the shadow of Downtown Austin. South Shore district is the only tract in Austinís core that has extensive frontage of
Lady Bird Lake and future TOD land. Grayco Partners is the developer of the project.
There are four stages to the proposed opportunity:
- Stage I Land Takedown: Grayco Partners owns 25 acres of land with 20 acres fully entitled as a PUD. The current opportunity allows investment in the 25 acres site owned by Grayco at a substantial discount to the original cost.
- Stage 2 Building 1: The new investor will participate in the construction of a 250-unit mid-density wrap project.
- Stage 3 Building 2: The new investor will also participate in the development of a 246-unit High-end podium-built apartment product.
- Stage 4 Future Development: The new investor will have the opportunity to participate in the development of the remaining fully entitled parcels with Grayco Partners, at a very attractive basis.