JLL (NYSE: JLL) announced it secured an $870 million senior construction loan for Four Seasons Private Residences Lake Austin, an ultra-luxury residential development in Austin, Texas.

JLL's Capital Markets Group, working with co-advisors Cobalt Equities and Adelaide Real Estate, represented developers Austin Capital Partners and Lincoln Property Company in arranging the financing through TYKO Capital, an affiliate of Elliott Investment Management.

The development sits on a 210-acre site at 6509 Bridgepoint Parkway with nearly one mile of Lake Austin shoreline frontage. Located 380 feet above the lake, the property offers views of Lake Austin, Hill Country and the Austin skyline. The site is positioned across from Austin Country Club.

Phase I will include private residences and 28 villa lots along with amenities spanning over 100,000 square feet. Planned facilities include a restaurant operated by Michelin-starred chef Daniel Boulud, a 96-seat theater, a 76,000-square-foot sports club with pickleball courts, an indoor tennis court, golf simulators and a 300-foot infinity pool. The development will also feature private boat slips and Four Seasons hospitality services.

JLL's debt advisory team was led by Senior Managing Director Doug Opalka, Executive Managing Director Riaz Cassum and Director Scott Dickey.

"The successful arrangement of financing for Four Seasons Private Residences Lake Austin reflects the strength of Austin's luxury residential market and the unique value proposition this development offers," said Opalka.

Austin Capital Partners and Lincoln Property Company plan to begin vertical construction with Phase I completion expected in 2029. Lincoln Property Company will serve as development manager for the project.