Canyon Partners Real Estate Forms Joint Venture with Gilbane Development Company for Development of Multifamily Community in Austin, TX | PR Newswire [Video]

Joint venture will introduce Aer, a Class A multifamily project located in the desirable South Lamar submarket of Austin

, /PRNewswire/ — Canyon Partners Real Estate LLC (“Canyon”) today announced that is has provided a preferred equity investment in a joint venture with Gilbane Development Company (“Gilbane”) for the development of Aer, a 375-unit Class A multifamily project located in the South Lamar submarket of Austin, Texas.

The project is located approximately three miles south of downtown Austin along South Lamar Boulevard, an established corridor offering direct access to a variety of retail and restaurant amenities as well as nearby parks and hiking trails. The project is also conveniently positioned near major highways, including east-west Highway 71, north-south MoPac Expressway, and Interstate 35, allowing for seamless connectivity throughout the city and surrounding suburbs.

“Aer represents a unique development opportunity in Austin’s South Lamarsubmarket, a neighborhood characterized by strong demand yet limited new supply,” …