Austin, TX
STRATUS PROPERTIES : ANNOUNCES CONSTRUCTION FINANCING FOR THE SAINT GEORGE, A MULTI-FAMILY PROJECT IN NORTH-CENTRAL AUSTIN – Form 8-K | MarketScreener
STRATUS PROPERTIES INC. ANNOUNCES CONSTRUCTION FINANCING
FOR THE SAINT GEORGE,
A MULTI-FAMILY PROJECT IN NORTH-CENTRAL AUSTIN
Building Set to Begin Later this Month
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AUSTIN, TX, July 21, 2022 – Stratus Properties Inc. (NASDAQ: STRS) (“Stratus” or the “Firm”) right this moment introduced that it has accomplished development financing for the event of The Saint George, a 316-unit luxurious wrap-style multi-family challenge to be constructed in north-central Austin on Burnet Highway. The Saint George challenge is positioned inside minutes of the College of Texas, downtown employers, Apple Inc.’s new North Austin campus, the Q2 Stadium-home to Austin’s main league soccer crew Austin FC-and The Area, an upscale retail, workplace and residential heart with greater than 100 shops and eating places. Building is predicted to start later this month.
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William H. Armstrong III, Chairman of the Board and Chief Govt Officer of Stratus, acknowledged, “We’re happy to announce that now we have obtained development financing for The Saint George, one other Stratus multi-family challenge, positioned within the quickly rising Burnet hall in north-central Austin. The Saint George might be a high-quality addition to our portfolio, in the end including worth to our leasing operations. After challenge stabilization, we look ahead to contemplating monetization alternatives for this property.” |
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The Saint George |
The challenge is owned by The Saint George Flats, L.P., a Texas restricted partnership and a Stratus subsidiary. The development financing consists of a four-year development mortgage from Comerica Financial institution to the restricted partnership within the quantity of $56.8 million, which is secured by the challenge. Stratus offered a completion warranty and twenty-five % compensation warranty, which might be eradicated as soon as the challenge meets specified circumstances. The remaining estimated challenge prices are being funded by fairness contributed to the restricted partnership by Stratus (10%) and an unrelated fairness investor (90%). Stratus can even earn growth charges and administration charges on the challenge.
Stratus at present expects to realize substantial completion of The Saint George by mid-2024. Facilities will embody a rooftop deck, health heart, resort pool, bike room and group workspaces. Stratus has entered right into a voluntary restrictive covenant to supply 10 % of complete items as reasonably priced items. The challenge might be constructed in keeping with Stratus’ sustainability, wellness and conservation targets.
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About Stratus Properties Inc.
Stratus is a diversified actual property firm engaged primarily within the acquisition, entitlement, growth, administration, leasing and sale of multi-family and single-family residential actual property properties and industrial properties within the Austin, Texas space and different choose markets in Texas.
Ahead-Wanting Statements
This press launch comprises forward-looking statements wherein Stratus discusses elements it believes might have an effect on its future efficiency. Ahead-looking statements are all statements apart from statements of historic reality. The phrases “anticipates,” “might,” “can,” “might,” “plans,” “believes,” “potential,” “doable,” “estimates,” “expects,” “initiatives,” “targets,” “intends,” “doubtless,” “will,” “ought to,” “to be” and any related expressions are supposed to establish these assertions as forward-looking statements. Stratus cautions readers that forward-looking statements are usually not ensures of future efficiency, and its precise outcomes might differ materially from these anticipated, anticipated, projected or assumed within the forward-looking statements. Necessary elements that may trigger Stratus’ precise outcomes to vary materially from these anticipated within the forward-looking statements embody, however are usually not restricted to, Stratus’ capacity to execute profitably on its growth plan for The Saint George, Stratus’ capacity to proceed to successfully develop and execute its methods, together with its capacity to develop, finance, assemble, lease and promote properties on its anticipated schedule and at costs its Board of Administrators considers acceptable, the outcomes of Stratus’ strategic planning course of, adjustments within the demand for actual property within the choose markets in Texas the place Stratus operates, adjustments in financial, market and enterprise circumstances together with current inflation and provide chain constraints, and different elements described in additional element underneath the heading “Danger Elements” in Stratus’ Annual Report on Type 10-Okay for the 12 months ended December 31, 2021, and Quarterly Report on Type 10-Q for the quarter ended March 31, 2022, every filed with the U.S. Securities and Trade Fee.
Traders are cautioned that most of the assumptions upon which Stratus’ forward-looking statements are based mostly are more likely to change after the date the forward-looking statements are made. Additional, Stratus might make adjustments to its enterprise plans that might have an effect on its outcomes. Stratus cautions traders that it undertakes no obligation to replace any forward-looking statements, which communicate solely as of the date made, however any adjustments in its assumptions, enterprise plans, precise expertise, or different adjustments.
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A duplicate of this launch is out there on Stratus’ web site, stratusproperties.com.
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AUSTIN — Texas defensive back Jelani McDonald made his mark in the Longhorn secondary on Saturday.
McDonald recorded his first career interception, and it was one for the books.
With five minutes left in the first half as Texas led 14-7, Kentucky had possession. The crowd went wild as McDonald dove for the ball to get possession back to the Longhorn offense. Commentators described the play as a “Superman” performance.
WENT FULL SUPERMAN FOR THIS PICK 👀🤯@TexasFootball x 📺 ABC pic.twitter.com/ZV5AxOSWo7
— Southeastern Conference (@SEC) November 23, 2024
McDonald’s teammates also had their takes on the play.
“Superman…I mean everybody knows how athletic Jelani is, we’ve been talking about that all season, and even tied back to last season,” Michael Taaffe said. “He’s so athletic. I’m glad he finally got to show that and for you all to see, because we’ve known that forever.”
McDonald has totaled 22 tackles this season, playing in every conference and two non-conference games.
While he’s not a name on everyone’s mouths, like Quinn Ewers, Isaiah Bond, Taaffe or Kelvin Banks Jr., McDonald proved once and for all his impact on the team. McDonald could very much have a breakout season in 2025, and this play, which recorded Texas’ 16th interception of the season taking the national record, opened up the doors for his campaign.
That pick could even be awarded play of the year.
“I’ve been just happy to see him grow and get better as a player,” Anthony Hill Jr., who played with McDonald in the Freshman All-American game, said.
“He was playing corners, so I was like ‘Who’s this guy,’ and then one the game, he’s playing linebackers, and at one game he’s playing safety,” Hill said.
McDonald has one more shot to showcase his talent in the regular season as Texas faces Texas A&M next Saturday. But with two years left of eligibility, the sky is the limit.
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AUSTIN, Tx. (WKYT) – The Kentucky Wildcats (4-7, 1-7 SEC) ended their SEC slate with a 31-14 loss on the road against the No. 3 Texas Longhorns (10-1, 6-1 SEC). For the first time in eight seasons, UK will not be bowl eligible.
Junior quarterback Brock Vandagriff started the game for the Cats, going 3-7 for 51 yards, one touchdown and one interception. The staff opted to once against start true freshman Cutter Boley in the second half. The LCA alum wet 10-18 for 160 yards and an interception in the loss.
The Wildcats went 1-2 in the red zone and just 2-12 on third down conversions.
Senior inside linebacker Jamon Dumas-Johnson had a 25-yard fumble return for a touchdown, and also led the defense in tackles with eight.
Texas junior QB Quinn Ewers went 20-31 for 191 yards and two touchdowns for the Longhorns.
The season concludes next week as Kentucky hosts the Governor’s Cup game against Louisville at Kroger Field. Kick-off is set for noon on the SEC Network.
Copyright 2024 WKYT. All rights reserved.
Austin, TX
Texas’ Quinn Ewers competes against Simone Biles, others in DICK’S Sporting Goods competition
Simone Biles, Dak Prescott, Chris Paul and Quinn Ewers are decorating DICK’S store in their hometowns of Houston, Dallas, San Antonio and Austin.
Amazon’s holiday shopping features includes a Virtual Holiday Shop
In November, Amazon opened its Virtual Holiday Shop for shoppers with the top 100 gifts, plus decorations and stocking stuffers.
Amazon
DICK’S Sporting Goods is joining in on the holiday cheer — along with a dose of competition among Texas cities, featuring some of the Lone Star State’s best athletes.
Simone Biles, Dak Prescott, Chris Paul and Quinn Ewers will be competing, just not on any athletic field. They are each responsible for decorating a DICK’S Sporting Goods store in their hometown, competing for the title of DICK’S Holiday Decorating Officer and a trophy.
The athletes have begun decorating at stores in Houston, Dallas, San Antonio and Austin. Videos by DICK’S Sporting Goods offer a sneak peek of each as the athletes add their own flair to spread holiday cheer.
The competition comes as part of DICK’S Sporting Goods and DICK’S Sporting Goods Foundation’s program Sports Matter, which funds and maintains youth sports programs across the nation. The four athletes will each get a $100,000 Sports Matter grant, to be awarded to a local youth sports organization(s) of their choosing.
“We’ve had a blast getting ready for the holidays with Texas’ most inspiring and entertaining sports icons,” said Kari DeGori, VP Local Marketing and Marketing Capabilities at DICK’S Sporting Goods. “These in-store displays are interactive, fun, a great place for photos, and each has its own tie of sport into the holiday – whether it’s a gingerbread locker room, a chimney basketball game, or a vintage farm basketball hoop. We hope that these displays add some extra joy for our customers while they shop for everyone on their list. And we’re thrilled to be able to partner with our Foundation’s Sports Matter program to extend the holiday cheer to deserving local sports organizations.”
“I love competing, so taking part in this Texas holiday contest with some of the best athletes across sports was a lot of fun,” said Chris Paul. “We are all trying to win and become DICK’S Holiday Decorating Officer, but no matter what, we all win as we have the opportunity to give back to youth sports. Thank you to DICK’S for awarding a $100,000 Sports Matter grant to the Chris Paul Family Foundation.”
This campaign will run across DICKS.com, YouTube, streaming, and social media, as well as broadcast on local TV, radio, and other audio platforms in Dallas, Houston, San Antonio, and Austin.
Quinn Ewers decorates Austin DICK’S store
Texas Longhorns quarterback Quinn Ewers is responsible for decorating the Austin DICK’S store on 183A Toll Road. A promotion video captures Ewers placing a giant cowboy hat on a snowman and standing amid a Longhorn-themed tailgate scene while on a video call with actor Matthew McConaughey.
Chris ‘CP3’ Paul decorates San Antonio DICK’S store
Over in San Antonio, Spurs point guard Chris “CP3” Paul is busy decorating the DICK’S store on Northwest Loop 410. CP3 can be seen carefully placing basketballs into a Christmas tree and building a holiday barn-themed basketball court, casually making backward swishes throughout a promotional video.
Simone Biles decorates Houston DICK’S store
World-famous gymnast and gold Olympic medalist Simone Biles has been tasked with decorating the Houston DICK’S store on the Gulf Freeway. In a promotional video, Biles stands in front of goat decorations wearing Olympic medals and a “GO FOR GOLD” sign display. Other notable decorations include a balance beam decked with stockings, a medal podium, and a photo op featuring “five golden rings.”
Dak Prescott decorates Dallas DICK’S store
Dallas Cowboys quarterback Dak Prescott is in charge of decorating the Dallas DICK’S store on University Drive. A promotional video depicts Prescott designing a gingerbread-themed locker room and a tunnel featuring holiday lights, speaking in front of snowmen decked in football gear.
MAP: Where are the DICK’S stores involved in the holiday decoration competition?
Locations of the DICK’S stores being decorated include the following:
- Dallas: 2845 W University Dr., Denton, TX 76201
- Houston: 18650 Gulf Freeway, Friendswood, TX 77546
- San Antonio: 321 Northwest Loop 410, Suite 112, San Antonio, TX 78216
- Austin: 5001 183A Toll Road, Suite N100, Cedar Park, TX 78613
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