Austin, TX (PRWEB) August 12, 2013
Novare Group and Simpson Property Group®, LP, announce the signing of two of Austin’s most innovative and popular retailers to SkyHouse® Austin, a 23-story, $67 million apartment tower at 51 Rainey Street, which will, upon completion in the fourth quarter of 2013, offer 320 luxury apartments to Austin urbanites. Royal Blue Grocery will add a fifth location to its collection of neighborhood grocery stores with a 2,550 square foot location fronting on Rainey Street at the base of the SkyHouse® apartment tower.
“We really like to see our stores become part of the neighborhood that immediately surrounds them, and we are excited to see Rainey Street continue to define itself as one of the great little pockets in Austin. We can’t wait to be there,” said Craig Staley, co-owner and proprietor of Royal Blue Grocery.
Salvation Pizza will open its second Austin location, bringing authentic New Haven style pizza and a range of menu options to a 2,800 square foot location in the property. SkyHouse® Austin is a joint venture of Simpson Housing (management and leasing) and Novare Group/Batson-Cook/Andrews Urban (development and construction).
Just down the street at 78 Rainey Street, the Preview Leasing Center for SkyHouse® has now opened, as apartment leasing gets underway in anticipation of late November move-ins.
Simpson Southern Region Senior Vice President, Ginney Harvey, expressed her enthusiasm for welcoming prospective residents, saying, “Our Preview Center will allow future residents to explore our floor plans and experience for themselves the authenticity and vibrant community that will be an integral part of life at SkyHouse®.”
Jim Borders, President and CEO at Novare Group, commented, “SkyHouse® residents are going to love living on Rainey Street, which will be all the better with the addition of the SkyHouse® project and these exciting retailers.”
SkyHouse® Austin offers breathtaking views from studio, one, two and three bedroom apartments while providing ready access to downtown Austin and all of the boutiques, markets, shops and restaurants lining Rainey Street and the surrounding walkable neighborhood. With immediate access to Lady Bird Lake and the adjacent Ann and Roy Butler Hike and Bike Trail, residents can walk or bike to downtown destinations or take a breather along this 10-mile urban path. Apartment features include:
SkyHouse® takes full advantage of Austin’s natural beauty and waterfront location while providing on-site amenities such as:
Simpson Property Group was recently awarded the coveted 2012 “A List” Award for Excellence in Customer Service. The awards are presented, according to size, to the top companies in the multifamily real estate industry. Simpson Property Group, with 57 operating communities and 8 now in development, has been recognized as the Category II winner for the past 10 years and is one of only two firms to achieve this number of consecutive wins in the history of the survey.
About Simpson Property Group and Simpson Housing:
Simpson Property Group (SPG) is a wholly owned subsidiary of Simpson Housing® LLLP (SHLP®). Headquartered in Denver, Colorado, SHLP is a fully integrated real estate firm providing services in multifamily and commercial property management, development and construction. Established in 1948, SHLP builds and operates high quality, residential communities throughout the United States and continues to expand.
About Novare Group:
Novare Group is a real estate development and investment company headquartered in Atlanta, Georgia, consisting of several investment and operating companies, including Novare Group Holdings, LLC, NGI Investments, LLC, Novare Events, LLC, HomeOwners Advantage, LLC, and TWELVE Hotels and Residences, LLC. Since 1995, Novare Group has developed over 8,000 high-rise residences in 26 buildings around the Southeastern United States. Learn more by visiting http://www.novaregroup.com/.
About Batson-Cook Development Co.:
Founded in 1963, Batson-Cook Development Company is a wholly owned subsidiary of Kajima USA. It is a fully integrated real estate organization providing development and capital solutions primarily through partnerships on commercial real estate projects in the Southeastern United States. Based in Atlanta, Georgia Batson-Cook Development Company offers a wide variety of real estate services from development and construction, to equity and credit enhancements, to brokerage and property management. Learn more by visiting http://www.batsoncookdev.com/.
About Andrews Urban:
Andrews Urban is an Austin-based urban real estate development company dedicated to mixed-use development in Downtown Austin. Andrews Urban teamed with Novare Group of Atlanta to develop “360 Condominiums,” a 430-unit condominium tower at 3rd and Nueces Streets. “360” was named “2008 Project of the Year” by the Austin Business Journal and was recognized as a model for smart growth by the Central Texas community by receiving the 2008 Envision Central Texas Community Stewardship Award for New Development. Andrews Urban is led by Taylor Andrews, who has worked in urban real estate investing and development since 1995.
About The Weitzman Group:
The Weitzman Group is the brokerage division of Weitzman Management Corporation, a regional realty corporation that also does business through its management and development division, Cencor Realty Services.