AUSTIN-The CBRE Central Texas Multi-Housing Group has listed Whitley, a class A, core-quality residential high-rise in the heart of the Austin central business district.
Charles Cirar, with CBRE, is representing a joint venture between Riverside Resources and Principal Real Estate Investors in the marketing and sale of the property.
Whitley is a 16-story residential tower with 266 luxury residential units averaging 837 square feet, 2 fully furnished guest suites, and ground-level retail. The 222,666-square-foot residential area is 62% occupied and 68% leased, as of September 9, with stabilization projected by November 2013. The 12,062-square-foot retail space is 100% occupied by Uncle Julio's Restaurant and Royal Blue Grocery.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
