Construction to Begin on Four Seasons Private Residences
published on March 2, 2023
Construction on the Four Seasons Private Residences Lake Austin will begin June 1, 2023, according to filings by Hines and Austin Capital Partners, as reported by Connect CRE. The expected cost to build the project is $830 million.
“The new Lake Austin residential community will be distinguished by its modern architecture, private waterfront access, unmatched amenities, and dedicated Four Seasons staff who will exclusively manage every aspect of the property’s luxury service offering,” stated a press release.
The residences will offer hilltop Lake Austin views and private Lake Austin boat slips. The property will include six residential buildings with 179 residences ranging from 1900 square feet to four-bedroom homes with gardens and pools to 3,000-square foot penthouses. Homes will include outdoor terraces and “a floor-through experience that seamlessly blends the indoors and out.” The release stated most homes will have semi-private lobbies with only one other residence on the same floor. Prices will start at $4 million.
The property is 145 acres, with a plan to include 90 acres of preserve and parkland. The project also will turn a scenic overlook into a public park, and “preserves more than 2,000 feet of shoreline from development.”
As far as amenities, the residential development will include The Orangerie, an indoor garden with an 82-foot indoor pool; a 60,000-square foot athletic center with golf simulators, squash courts, a full-size indoor basketball court, an indoor clay tennis court and an outdoor tennis court, indoor pickleball courts, and a children’s gym and play area; and a spa with hot and cold plunge pools, sauna and steam facilities, and a beauty salon. The Clubhouse overlooks the 90-degree bend in the lake and will have a 300-foot infinity-edge pool. A theater lounge will provide a private venue for films and sporting events. The development also will include a private restaurant and a cafe. Access to the amenities is centered on a Garden Plaza. A two-minute funicular descent will take residents to The Marina and The Lake Clubhouse.
Reservations are being accepted for Four Seasons Private Residences Lake Austin. Construction is expected to be completed by the end of 2026.
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