Winstead PC Shareholders Robert Bass and Bob Burton were featured in a Law360 article about Austin’s 6X Guadalupe – the tallest building under construction in Texas. An excerpt is below:
“Lincoln Property and Kairoi Residential had just started construction at 6X Guadalupe in Austin, Texas, when the pandemic hit, and that timing allowed the developers, who've looked to numerous law firms for help, to be nimble with design changes that keep health and safety in mind.
The tower, the first in Austin to have such a balanced mix of residential and office use, is slated to rise 847 feet and is the tallest building currently under construction in Texas, according to the Council on Tall Buildings and Urban Habitat.
A large chunk of the bottom portion of the 66-floor tower, located at West Sixth Street and Guadalupe Street, is office space, while the top portion is residential. The property also has a retail component…
Another piece of the planning puzzle involved structuring the building as separate units by use, in order to allow separate ownership by multifamily and office operators and for financing and refinancing for portions of the building as opposed to the entire building.”
Winstead Shareholder Bob Burton assisted the owner-developer of the project with the mixed-use condominium documentation, while Shareholder Robert Bass assisted with construction contract matters.
Read the full article. (Subscription required)
Winstead’s Real Estate Industry Group serves as a leading resource for both national and regional companies. The group’s client list includes many of the largest and most active real estate companies, institutional investors, mortgage lenders and loan servicers in the United States, as well as individual investors and entrepreneurs. Winstead has an active construction practice, entitlement/land use practice and leasing/asset management practice, enabling the firm to represent clients through all phases of sophisticated real estate transactions.
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