AUSTIN, TX—Site work is now underway on The Loren, a hotel/condo tower being built by Hoar Construction on the banks of Lady Bird Lake. The Loren Hotel Group is working with Hall Structured Finance, Rhode Partners, Drenner Group, Hoar Construction and Fleur-de-lis Interior Design on the project.

The opening is scheduled for the first quarter 2022. The new property will have 108 guestrooms, 26 two- to four-bedroom condominiums for sale including two penthouses, a rooftop restaurant and bar, a spa, gym and pool.

Other notable features include a 500-square-foot restaurant on the top floor with an outside terrace overlooking the lake as well as event space for weddings and special events. Condo residents will also have private elevator access to each level leading straight to the living room or foyer.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.