The long-awaited Four Seasons Private Residences Lake Austin project has finally moved forward with an $870 million construction loan from New York-based TYKO Capital, one of the largest loans ever for a residential project in Texas. Austin Capital Partners and Lincoln Property Company are developing the luxury condo project at 6507 Bridge Point Parkway, roughly 10 miles west of downtown Austin. The development sits on a 210-acre site with nearly one mile of Lake Austin shoreline and will feature private residences, 28 villa lots, a private marina with 50 boat slips, and high-end amenities managed by Four Seasons Hotels and Resorts.
Originally announced in 2021, the project has experienced multiple delays and partner changes. Austin Capital Partners, founded by Jonathan Coon, has worked with three development partners: first Hines, then Turnbridge Equities, and now Lincoln Property Company. Planned amenities include a restaurant by Michelin-starred chef Daniel Boulud, a private theater, sports lounge, infinity pool, spa, nature trails, clubhouse, and a working produce farm. The new financing signals renewed momentum as Austin's commercial real estate market stabilizes after its post-pandemic boom.
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Community Impact's latest roundup lists 14 business changes across the Lake Travis-Westlake area, including several near the lake. In Spicewood, Infinite Hitting - Lake Travis i...