Media Coverage
October 21, 2009
A Deeper Shade of Green
Multi-Housing News—Austin, Texas is renowned for many distinctions. It’s often near the top of Money Magazine’s “Best Places to Live” and has been called “America’s Top College Town” by the Travel Channel. The city’s official motto is “the live music capital of the world,” an homage to its long tradition of musical performance across styles and genres. Austin is also the home of Fortune 500 firms Dell and Whole Foods Market, the base for cyclist Lance Armstrong and the wellspring that spawned Willie Nelson and Sandra Bullock.
Despite all this renown, Austin is fast becoming better known for something else entirely. The Lone Star State capital has become a star of the sustainability movement, reflected in its recent placement atop CNN’s “10 Greenest Cities in America” list.
June 26, 2009
Taking the LEED
Austin Business Journal—Andy Sarwal, the lead developer of the University Park development, said tenants now want to know what developers are doing to be green.
“Being LEED certified immediately conveys your project met a high degree of green standards and practices.” Sarwal said.
May 10, 2009
Developer beats the odds realizing his vision
Austin American-Statesman—Andy Sarwal has faced an imposing series of obstacles in his journey to make his vision for the former site of Concordia University Texas a reality – not the least of which was his untested status as a real estate developer. A broker for the Staubach Co., which evaluated prospective developers, says he was stunned when Sarwal secured the help of Lehman Brothers.
March 5, 2009
East Ave. secures $39M loan for first phase
Austin Business Journal—The developer of the mixed-use East Avenue project on the former Concordia University campus has secured a $39 million loan for the first phase of office construction.
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(Note: University Park was named East Avenue at this time.)
March 4, 2009
Offices project lands $39M for construction
Globe Street—Preleasing and a good location have helped the develops of the 215,000-square-foot Offices at East Avenue land $39 million in construction financing for the office project, which is the first phase of a 2.8-million-square-foot mixed-use development on the former site of Concordia University.
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(Note: University Park was named East Avenue at this time.)