Trinity Street Capital Partners Provides $110 Million in Financing for 840-Unit Apartment Community in Growing North Austin Market

AUSTIN, TX – Trinity Street Capital Partners announced the origination of a $110 million bridge loan for a multifamily community in Austin, Texas. The property had (656) one-bedroom and (184) two-bedroom garden-style units on a 29.1 acre campus in North Austin, with brilliant visibility from I- 35. Amenities at the complex include a clubhouse, pool, gym, basketball court, playground, on-site leasing office and dog park.
Austin is the capital city of Texas, founded 1839 and is the 11th-most-populous city in the United States, the fourth-most-populous city in Texas. As of 2021, Austin had an estimated population of 964,177, and the city is the cultural and economic center of the Austin–Round Rock metropolitan statistical area, which had an estimated population of 2.3MM (2020), a roughly 84% increase from the year 2000.
A number of Fortune 500 companies have headquarters or regional offices in Austin, including 3M, Advanced Micro Devices (AMD), Amazon, Apple, Facebook (Meta), Google, IBM, Intel, NXP Semiconductors, Oracle, Tesla, Texas Instruments, Dell and Whole Foods Market. With regard to education, Austin is the home of the University of Texas at Austin, which is one of the largest universities in the U.S., with over 50,000 students.
According to a senior underwriter at Trinity Street, “The firm has stepped up to support the US commercial real estate markets in the mitts of a major upheaval, due to rising interest rates and an uncertain economic landscape. The recent collapse of Silicon Valley Bank, Signature Bank and First Republic, will make the private lending institutions that much more critical to the commercial real estate markets. TSCP underwriting process takes a deep dive into property economics, market statistics and sponsorship, which allows TSCP to provide financing for strong clients at aggressive rates and leverage points.”

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Wood Partners Launches Official Opening of 240-Unit Alta Bridges Luxury Living Apartment Community in Atlanta Suburb of McDonough

MCDONOUGH, GA – Leading multifamily real estate developer Wood Partners announced the official grand opening of its newest luxury residential property, Alta Bridges, located in McDonough, Georgia. To welcome residents, the community hosted an official ribbon cutting ceremony.
Located at 205 Bridges Road in historic McDonough, the newly opened community offers residents a taste of small town living less than an hour from bustling downtown Atlanta. With its close proximity to downtown McDonough, Alta Bridges residents have simple access to the town’s quaint shopping district and traditional Southern cuisine from local restaurants, as well as added entertainment and outdoor activities at nearby Atlanta Motor Speedway and Southern Belle Farm.
“We are very pleased to officially open Wood Partners’ first development in the McDonough area, Alta Bridges,” said Bennett Sands, Managing Director. “The luxury community offers a wide range of desirable amenities and on-site offerings to cater to the needs of our residents while also providing touches of the Southern charm McDonough is known for.”
Alta Bridges offers 250 apartment homes made up of one-, two- and three-bedroom floor plans, as well as surface parking and multiple detached garage spaces. Each unit features high quality interior packages including stainless steel appliances, farmhouse sinks with gooseneck faucets, granite countertops, vinyl wood flooring and full size in-unit washer and dryer sets.
The Alta Bridges community also boasts several high-end amenities for residents to delight in, including a resort-style pool with tanning ledges and a large sundeck, a poolside activity lawn with cornhole, outdoor firepits, multiple grilling stations and a pet park and spa. Additionally, residents have access to an on-site fitness center featuring virtual training and a private yoga room, a community co-working space with private micro-offices, an automated barista with complimentary coffee, and a club room with entertainment kitchen, lounge areas and an indoor fireplace.
“Alta Bridges aims to provide residents with a quaint community to call home through a perfect balance of small-town charm and luxury living,” added Sands. “With its location just south of downtown Atlanta, we know the property provides the perfect relaxing yet connected way of life for residents looking to place down roots outside of Atlanta.”

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The Cordish Companies and Caesars Unveils Plans for 223-Acre Mixed-Use Residential Development in South Florida Market

POMPANO BEACH, FL – The Cordish Companies and Caesars Entertainment announced their Pompano Beach development, The Pomp, will be anchored by a dynamic Live! dining and entertainment district. Located 35 miles north of Miami and less than 10 miles north of Fort Lauderdale, the 223-acre project is one of the largest developments in South Florida. Once complete, The Pomp will bring together entertainment, dining, hotel, retail, residential, office and lifestyle amenities, alongside the successful Harrah’s Pompano Beach casino, in one world-class destination.
“It’s incredibly exciting for The Cordish Companies to continue advancing this game-changing project with our partners at Caesars Entertainment,” said Blake Cordish, Principal of The Cordish Companies. “The Pomp represents one of the most dynamic opportunities for placemaking in the United States. There is no comparable development in South Florida that combines casino gaming with best-in-class entertainment, retail, dining, hotel, residential, office and lifestyle amenities into one dynamic destination. With Live! as an anchor, we are making a high-energy dining and entertainment hub that will attract millions of new visitors from across the region and beyond.”
The development’s name, The Pomp, honors the local history and pays homage to the beloved former Pompano Park racetrack located on the project site. With the newly remodeled and rebranded Harrah’s Pompano Beach and Live! entertainment anchor at its core, The Pomp will feature 1.3 million square feet of retail and entertainment space, 4,000 luxury residential units, two hotels and 1.35 million square feet of Class A office space upon completion.
“We are completely reimagining what this area of South Florida looks like for residents and visitors to Pompano Beachwith The Pomp and Live! through our partnership with The Cordish Companies,” said Anthony Carano, President and COO of Caesars Entertainment. “Building off the success of our newly remodeled and rebranded Harrah’s Pompano Beach casino, we are committed to delivering a one-of-a-kind entertainment and lifestyle destination, unlike anything in South Florida, that will provide the best in gaming, world-class amenities and attract new visitors to the dynamic area.”
For over a century, The Cordish Companies has made and managed an extraordinary portfolio of upscale mixed-use, entertainment and casino resort destinations throughout the United States. Its Live! brand, which will anchor the development’s entertainment and dining component as Live! at The Pomp, is regarded as one of the premier entertainment brands in the U.S., welcoming over 55 million visitors each year to its dining, entertainment, hotel, casino resort and music venues across the country. For over two decades, Live! has dramatically changed the entertainment experience, making one-of-a kind destinations that offer a curated year-round calendar of special events, premier dining venues, first-class hospitality, and the best of local, regional and national entertainment.
“The City of Pompano Beach is delighted to have Caesars and Cordish partner on this incredible project,” said Pompano Beach Mayor Rex Hardin. “Caesars is known for their energetic gaming destinations, and Cordish has a successful track record of developing and operating dynamic mixed-use properties that spur community revitalization. The Pomp and Live! will not only attract millions of visitors to our city annually, it will also make thousands of jobs for Pompano Beachand South Florida residents, leaving a lasting positive impact on our city and region.”
Encompassing multiple dining concepts, Live! at The Pomp will showcase over 25,000 square feet of premier food and beverage venues including nationally acclaimed concepts Sports & Social and PBR Cowboy Bar. The venues will open onto a sprawling central plaza that will make a free flowing gathering space for local, regional and national live music and entertainment, family-friendly events, cultural celebrations, festivals, new-to-market special events, social activities and experiences, additional dining options, and more.
Sports & Social and PBR Cowboy Bar are two powerhouse names in dining and entertainment and among the fastest growing concepts in the United States. The concepts can be found at the front door of professional sports stadiums, high-profile entertainment and lifestyle districts, and world-class casino resort destinations including The Battery adjacent to Truist Park in Atlanta, GA; Ballpark Village adjacent to Busch Stadium in St. Louis, MO; Texas Live! in the heart of the Arlington Entertainment District; Live! Casino & Hotel Philadelphia in Philadelphia’s Stadium Complex and Live! Casino & Hotel Maryland in the Baltimore/Washington Corridor.
Offering guests an immersive sports entertainment atmosphere that is the next best game watching experience outside of a stadium or arena, Sports & Social will feature multiple digital media experiences including a state-of-the-art LED media wall, that allows guests to watch multiple games and sporting events at once. The 18,000-square-foot space will feature an electric environment with elements such as emcees and DJs, live fan-cams, competitions and games, and industry-leading audio and visual displays including music and light effects. Curated by James Beard Award Nominee Chef John Suley, Sports & Social’s menu features an elevated selection from its made-from-scratch kitchen for lunch, dinner, and a can’t-miss brunch experience on the weekends. The bar’s beverage program includes creative craft cocktails, specialty drinks, and an extensive line-up of brews on tap.
Born from the toughest sport on dirt, the iconic PBR Cowboy Bar lives up to its legendary namesake, Professional Bull Riders, which embodies toughness, determination, and a right spirit of independence. PBR Cowboy Bars fuse that spirit with first-class hospitality, bringing an authentic country western experience that marries an electric combination of “cowboy cool” and huge-time entertainment. The 7,000-square-foot venue will offer high-energy music, expansive bars, private VIP tables, industry-leading sound and lighting, and a mechanical bull. The soul of PBR Cowboy Bars comes alive through its fantastic entertainment, the best in country music, and its rich traditions, including Freedom Friday, a night of appreciation once a month for all military personnel, veterans, first responders and public service members. PBR Cowboy Bars have welcomed some of the largest names in country music including Luke Bryan, Ancient Dominion, and Justin Moore.
Along with Live! at The Pomp and Harrah’s Pompano Beach, recently announced Topgolf will also anchor the Pompano Beach development with their eighth Florida location. The future Topgolf venue will invite players to delight in the brand’s technology-driven modern golf experience to play point-scoring golf games in an energetic and fun environment. The venue will feature 102 outdoor climate-controlled hitting bays equipped with Topgolf’s signature ball-tracking technology, along with a full-service restaurant, top-shelf drinks, rooftop terrace, a patio, music, private event space and year-round family-friendly programming. Currently under construction, Topgolf is expected to open late 2023.
In Florida, Cordish was the original development partner of the Seminole Tribe of Florida for Hard Rock Hotel & Casino Hollywood and Hard Rock Hotel & Casino Tampa, two of the most successful casino entertainment resorts in the world. Further demonstrating their strong commitment to the State of Florida, Cordish has several other developments in progress including Vivo! Dolphin Mall, a 62,000-square-foot dining and entertainment district currently under construction in Miami, and a 36,000-square-foot immersive dining and entertainment experience at The Pointe Orlando, near major theme parks and across the street from the Orange County Convention Center.

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