STREETLIGHTS RESIDENTIAL, HUNT COS. BREAK GROUND ON APT. TOWER

AUSTIN, TEXAS — Affiliates of StreetLights Residential and Hunt Cos. have formed a joint venture to break ground on a 300-unit, high-rise apartment tower, located at 214 Barton Springs Road in Austin. The project's ownership group consists of Hunt Development Group LLC and Hunt Barton Springs LLC (both affiliates of Hunt Cos.), along with SLR Residential at Barton Springs LLC, an affiliate of StreetLights Residential. Austin-based Rhode Partners designed the 19-story glass and brick tower. The interior of the property has been designed to emulate a boutique hotel with an expansive lobby, resort-style pool deck, fitness center and rooftop lounge. The high-rise will feature views of Lady Bird Lake, the downtown skyline, the State Capitol and the West Hills. The high-rise tower is scheduled to open by August 2014, with pre-leasing expected to begin in the summer of 2014.