Stratus Obtains $29.8 Million Refinancing Loan for Retail Property in Austin, Texas

by Abby Cox

Austin, Texas — Stratus Properties Inc. has obtained a $29.8 million loan to refinance Lantana Place, a newly-developed retail property located within Stratus’ mixed-use development project in the Barton Creek area of Austin. The new loan matures in February 2029. Lantana Place — which totals 99,379 square feet — is anchored by Moviehouse & Eatery and AC Hotel by Marriott. Additionally, the property features a mix of retail and restaurant tenants including Black Rock Coffee Bar, Cobalt Blue Salon and Orangetheory Fitness, among others.

You may also like