AUSTIN – Sackman Enterprises Inc. and its partner, Starryland USA Corp., are developing 70 Rainey, a 34-story, Class A condominium project downtown.
HFF arranged $106 million in financing for the development. The construction loan is with ACORE Capital LP.
Due for completion in 2018, the LEED Gold-registered project will include 173 homes averaging 1,393 sf.
The property will also have an amenity deck with 10,000 sf of indoor space and 20,000 sf of outdoor space.
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