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New details on the development of the Four Seasons Private Residences Project in Lake Austin have been released by 1-800-Contacts founder Jonathan Coon and his development team. This multi-million dollar lakefront project is being carried out by Canada’s Four Seasons Hotels and Resort in partnership with Austin Capital Partners, along with Texas-based Hines Interests LP.
The Four Seasons Private Residences are being developed on 150 acres of Camelback property west of the famous Pennybacker Bridge and offer views of the limestone cliffs and the thickly forested ridge that rises up to 380 feet above the water.
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Four Seasons Private Residences are being built near the famous Pennybacker Bridge
The development plans for The Four Seasons Private Residences will consist of 179 homes, ranging from 1,900 square feet to 7,000 square feet of residential units and penthouses. The design also shows floor plans with multidirectional views to project the beauty of the unique place. Additionally, About 1,500 feet of the waterfront is being converted into a public lookout, an idea inspired by the popularity of the nearby Pennybacker Bridge overlook, which attracts about 4,000 visitors a week.
The Four Seasons Private Residences Project in Lake Austin also includes the development of a free public parking lot as part of the lookout point design plan to reduce traffic; and a 90-acre area designated as a protected park that protects the view by limiting the building heights on the site. Additional amenities at this lakeside property include a 60,000 square foot sports center, clubhouse, spa, theater, indoor garden, and two story restaurant for residents. The Four Seasons senior vice president of residential development Paul White also mentioned that this lakeside community would offer residents 24-hour security and fully staffed facilities.
Four Seasons Private Residences Project on the Lake Austin Development Team
The development team working on the Four Seasons Private Residences project includes Handel Architects LLP and Page Southerland Page Inc who are acting as architects; DBOX, Breckstudio Architecture and Paris Design lead the design team; Arup Group Ltd, as project engineers; while the sale is being handled by Eric Morland Group, which will start at $ 4 million; and Hines Interest LP will lead construction and lead the development team.
According to Coon, the groundbreaking for The Four Seasons Private Residences is due to take place in the first quarter of 2023 and the completion date is planned for the later part of 2025. Coon also noted that the developers excluded certain aspects that were originally part of the development, including an 80-unit hotel, in order to maximize the customer experience and provide more green space. He mentioned that their goal in developing the project was to ensure that the clients’ experience is maximized. Coon said, “Every residence here is designed around two things: privacy and views.”
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