Place Category: South Lamar
Category: South Lamar
Address: 3816 S Lamar Blvd
Austin
Texas
78704
United States
Austin
Texas
78704
United States
Floors: 3
Year Built: 1984
Units: 600
Pet Friendly: Yes
In-Unit Laundry: Yes
In-Building Parking: Yes
Air Conditioning: Yes
Gym / Fitness Center: Yes
Phone: (833) 663-2148
A partnership including Paydar Cos. and Lankford & Associates acquired the 30-acre property in 2014, financed with a $56.5 million Fannie Mae loan arranged by Berkadia on a ten-year fixed term with three years of interest-only payments; the community was 97 percent occupied at the time and measured about 426,000 rentable square feet. Avenue5 Residential manages it. Floor plans are compact — studios of 505 to 518 sq ft, two 691 sq ft one-bedrooms, and two-bedrooms from 944 to 1,012 sq ft. The grounds back onto the Barton Creek Greenbelt and hold an infinity pool facing it, a separate lap pool with two hot tubs, and three bark parks.
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