Whereas several proposed projects were paused or cancelled during the pandemic, The Mark at Denton was approved for $6.5M in C-PACE financing in April 2020. The resort-style complex offers 316 units in one-, two- or three-bedroom configurations featuring high-end finishes and top-of-the-market amenities. Impact The inclusion of a C-PACE assessment on this development enabled Denton…
Riley Apartments is a 178-unit multifamily development in Burleson, Texas, a rapidly expanding suburb in the DFW Metroplex. As a part of C-PACE financing qualification, the property owner went through an evaluation with their architects and engineers to reduce their water and electricity consumption. This involved the incorporation of high-efficiency HVAC, low-flow bathroom fixtures and…
This five-story, 147,000-square-foot office building in the Dallas Design District also includes more than 10,000-square-feet of ground-level retail and three on-site restaurants. C-PACE financing furthered the project sponsor’s goal of obtaining LEED and Fitwel designations, which require the incorporation of sustainable systems that improve the health and wellness of building occupants and the environment. Impact…
Mimosa Terrace is a mid-rise urban living community in the River Oaks area built to address high demand for lock-and-leave living in Houston’s Inner Loop. Made up of 16 units spanning eight floors, Mimosa Terrace redefines condominium living by maximizing natural light and emphasizing the importance of green space through private, pet-friendly terraces. Impact By obtaining C-PACE financing,…
Small businesses in need of fully built-out, move-in ready industrial offices and warehouses can find functionally designed, secured space at AllTrades Justin. The company leases upscale offices, functional and clean warehouses, smaller studios, and secure parking for trucks, trailers and equipment. Impact By obtaining C-PACE financing, the property owner was able to upgrade the building…
Established in 2014 by longtime friends and real estate veterans Fred Gans and Jack Griffin, Garages of America is the premier community for car collectors looking for luxury storage space. At full build-out, the five-building facility will include 52 customizable garage suites and a clubhouse with full bathrooms, a lounge area, kitchenette and more. Impact…
This 89-key, Marriott-flag hotel offers spacious suites with full kitchens in the Greater Houston suburb of Tomball. Extended-stay lodging, which targets business travelers staying for multiple nights or weeks, has become increasingly necessary in Tomball as rapid development generates immediate demand from construction crews. Impact By obtaining C-PACE financing, the property owner was able to upgrade the building…
Holiday Inn Express/Staybridge Suites is a dual-branded, 17-story hotel that replaces a large parking lot in Downtown Houston near Minute Maid Park. In addition to 275 guest rooms with traditional and extended-stay options, the property also offers corporate and social gathering spaces and a host of luxury amenities. It also includes 2,000 square feet of…
BioLabs is a leading biotech incubator renowned for catapulting cutting-edge research and advancing scientific discovery. The 37,000-square-foot shared lab and office facility is in Pegasus Park, a 25-acre development that aims to strengthen Dallas as a globally recognized center for life science innovation, business and social impact. Impact By obtaining C-PACE financing, the property owner…
An innovative car storage concept sweeping the state of Texas received a second round of C-PACE debt for Phase 2 of its facility in the north Dallas suburb of Carrollton. Lone Star PACE facilitated the $16.7M financing for Garages of America, which offers customizable garage suites for sale. The 125,000-square-foot facility includes 67 garage suites,…