More changes in West Campus: 21 Pearl sells, Moon Tower rises

west campus_527328

View of UT Austin from West Campus. (KXAN FILE photo)

AUSTIN (KXAN) — Another student-housing project in Austin’s densely populated West Campus neighborhood near the University of Texas has sold as new construction underscores continued investor interest.

21 Pearl — a 272-bed, six-story building at 911 W. 21st St. — was recently acquired by a joint venture consisting of Frisco-based Texla Housing Partners, North Carolina-based Southeast Apartment Investors and a private real estate fund advised by Dallas-based Crow Holdings Capital, Texla announced March 20.

The project was developed by Robert Lee, CEO of Pearlstone Partners — formerly Land Development and Construction LLC. The $26 million mid-rise building was completed in 2013.

Read the full story at the Austin Business Journal.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Austin-Travis County

More Austin-Travis County News

Locked In Limbo

More Locked in Limbo

Latest Central Texas COVID-19 Cases

More Coronavirus Cases in Central Texas

Trending Stories

Don't Miss