Residences at The Triangle
NOW AVAILABLE: Residences at The Triangle | A Core Asset within the Highly Desired Central Austin Submarket
Deal Type: Acquisition
Risk Profiles: Core
Property Types: Multifamily
Residences at The Triangle | 4600 W. Guadalupe St. | Austin, TX
Irreplaceable Infill Asset Offering a Premier Live-Work-Play Ecosystem
JLL has been exclusively retained to offer qualified investors the opportunity to acquire Residences at The Triangle, a six-building, 529-unit urban community that anchors the thriving 23.15-acre Triangle mixed-use development. Situated north of downtown at the confluence of Austin’s two main north-south roadways, Lamar Boulevard and Guadalupe Street, The Triangle is an Austin staple and provides an irreplaceable infill location with direct access to the city’s key business centers and main economic drivers. Ideally positioned in Austin’s Central submarket, the area sustains high barriers to entry and increased demand for walkable, urban locations. Constructed in three phases from 2006 to 2008, the spacious apartments are complemented by a best-in-class amenity set and 111,000 square feet of ground floor retail that feature a variety of popular local and national retailers.
Investment Highlights
- Centrally located between the Domain, Highland, and Downtown, the Triangle is situated at the epicenter of growth in Austin.
- Infill locations with historically minimal supply and negligible pipeline drives demand for higher-end finishes that match rising area income.
- Current ownership has proven this demand by renovating 68 of 529 units and garnering average premiums of $297/month.
- With 461 units left to renovate, the Triangle leaves new investors plenty of “meat-on-the-bone” with a potential of 10-15% rent increases across many floorplans.
Property Summary
Contacts
Ryan McBride
+1 512 532 1932
ryan.mcbride@jll.com
Robert Arzola
+1 210 839 2042
robert.arzola@jll.com
Robert Wooten
+1 512 532 1925
robert.wooten@jll.com
Jayme Nelson (debt)
+1 512 532 1935
jayme.nelson@jll.com
