Oaks at Lakeway growing of the green with $114MOaks at Lakeway growing of the green with $114Mhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=160582017-03-16T05:00:00Z2017-03-16T21:00:00Z

​​LAKEWAY – Stratus Properties Inc. has completed the sale of its 100 percent-owned The Oaks at Lakeway project, northwest of Austin, to FHF I Oaks at Lakeway LLC, for $114 million. 

The cash purchase excludes approximately 35 acres of undeveloped property, which is zoned for residential, hotel and civic uses. 

Located at 1900 Ranch Rd., at the intersection of SH 620 and Main St., the development is an HEB Grocery Co. LP-anchored retail project planned for roughly 237,000 sf of commercial space in the Lake Travis community.

The Oaks will include 175,000 sf of entertainment, dining and shopping space, in addition to the parking for golf carts, outdoor plazas, playscapes, open space and pedestrian trails throughout the property.

Net cash proceeds were $50.8 million, after payment of transaction expenses, a net profits participation payment due to HEB and payoff of the balance of the Lakeway construction loan.
Commercial Property Executive
Austin-Round Rock

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