AUSTIN, TEXAS — Cottonwood Group has provided $284 million in financing for EastVillage, a 425-acre mixed-use development underway in Austin. The senior bridge loan supports the recapitalization of a 312-unit complex known as The Vaughan; a mixed-use multifamily and retail complex known as The Janis, which is currently under construction; 19 entitled land parcels; and the remaining unsold luxury units at The Linden Residences.
Buffalo-based Reger Holdings is the master developer of EastVillage. Once completed, the project will feature roughly 2,000 apartments, as well as 810,000 square feet of office space; 223,435 square feet of retail office space; 132,776 square feet of restaurant and grocery space; a movie theater; three hotels; and a 1.4-acre green space.