Central Southwest Texas Development JV secures financing for class A multi-housing development in Central East Austin
Central Southwest Texas Development, DBA CSW Development, with equity partner Blueprint Local announced that it secured the construction financing for Lirica East Austin, a unique five-story, 338-unit, class A multi-housing development located in Central East Austin.
JLL worked on behalf of the borrower to secure the loan.
With an anticipated completion of Q1 2026, the property will feature studio and one-, two- and three-bedroom units with an average size of 799 square feet. Community amenities will include a swimming pool and cabanas, a club room and deck arena, a two-story fitness center, a leasing center, a co-working space, a fifth-floor sky lounge overlooking the Austin downtown skyline, an outdoor courtyard and a dog park area. Lirica East Austin will also offer a 496-space parking garage and a 0.25-acre pocket park.
Located at 5211 E. 7th St., the property is positioned three miles east of downtown Austin. The site resides in an opportunity zone and sits