Fwd: Press Release - CLOSED- 1600 Pleasant Valley, Austin (East Riverside Area)

JUST CLOSED- 5.63 Acre Future Multifamily Site Share This   AUSTIN, TX (6/8/15) -   Longbow Real Estate Group announced the closing of 5.63 acres, at 1600 Pleasant Valley, Austin, Tx.  The site in the East Riverside Corridor, adjacent to the HEB at East Riverside & South Pleasant Valley. Jim Young CCIM and Nick Nelson  CCIM  of Longbow Real Estate Group, represented the Buyer, a multifamily investment group, headed by the Co-CEO's Cross Moceri and John Griggs of Presidium Group.   The Seller was represented by Maryam Gharbi, of Texas Premiere Realty.  The site, known as the Marketplace, has housed a sportsbar, mini-golf course, batting cage, and even a roller skating rink at one time. It is currently occupied by an auto repair store, hookah lounge, and flea market.  Young is interviewing several auto dealers to lease an acre at the front of the site, but there is still availability, as well as office space for lease. Future plans are to build a new Class A apartment complex at the site.  Among the other world class amenities will be commanding views of the downtown Austin skyline, Lady Bird Lake, and the hike & bike trail.  Its' location is a short walk to the jogging trail.   "We are extremely excited about this project, and the East Riverside area.  We have other listings in the East Riverside area, and know this market and its' players, and are truly excited about the project that the Buyers intend to construct at the site." -Jim Young, CCIM   Please visit www.longbowre.com for more information about the company and upcoming opportunities. Click here if you would like to be added to our mailing list         Jim Young, CCIM 512.565.7509 Email Vcard Nick Nelson, CCIM 512.906.6757 Email Vcard