EAST RIVERSIDE DR.
SABOT DEVELOPMENT acquired 7 acres of land in the East Riverside Drive corridor. The property is zoned for multifamily via it’s ERC-Corridor Mixed Use (ERC-CMU) designation. The site is two miles from ORACLE’s new headquarters, & the Town Lake hike and bike trail. Access to Hwy 290/Ben White, Hwy 183, I-35, and East Riverside Drive within minutes. The site has commanding views of downtown Austin.
7+ acres acquired below market pricing
Value In Existing Improvements And Timing
Identified and Acquired Opportunity Zone Site
Exit 2018 via an LP Investor IRR of 58%