FAQ

Who? (Who is part of the development team?) Development of East Avenue is led by East Avenue Investment Group LP, a team that includes a diverse group of business people with more than 50 years of development experience. The team is led by Andy Sarwal, who has a background in venture finance and real estate. Lehman Brothers funded the site-acquisition loan while East Avenue Investment Group owns all of the equity in the project. Other entities selected to be included are: Global Hyatt Corp., which will operate its new, luxury Andaz-brand hotel, and AMLI Residential, which will build an upscale apartment community. What? (What is the vision/plan for East Avenue?) East Avenue will transform a former college campus into a $750 million, 2.75-million-square-foot urban community. As a project on the forefront of the New Urbanism movement sweeping Austin, East Avenue will integrate: 1,450 residential … Continued