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Pearlstone Partners broke ground on The Belvedere, a condominium development in west downtown Austin while securing a $154.5 million loan from Benefits Street Partners. Slated for completion in August 2027, The Belvedere will offer 158 residences, designed by KTGY. Units are set to range from $800,000 to $3 million.

Pearlstone Partners secured a $154.5 million construction loan from Benefit Street Partners. As part of the project, Pearlstone is investing $1.5 million into a park on The Belvedere lawn, including upgraded sidewalks, new bikeways and improved public access.