THE MONARCH

Buyer & Landlord Representation [Mixed Use - Retail]

801 W 5th Street
Austin, TX 78703

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About the Client

La Miraj LLC, a private investor specializing in downtown commercial spaces.

Project Description

Acquisition and lease-up of ground-floor retail space within a mixed-use development incorporating residential apartments.

Project Size

5,192 SF

Project Duration

Two Years

Project Team Members

The Deal

Roland Galang represented the purchase and leasing of over 5,000 SF high-visibility, street-level retail/restaurant space, fronting a major downtown corridor, at The Monarch. Situated in the vibrant Market District and one block from the Whole Foods headquarters and flagship store, The Monarch is a 29-story, 305-unit luxury high-rise apartment community.

Insights

The property was acquired off-market, at below market-rate price, providing substantial returns to the investment partnership. The leasing strategy generated significant interest from diverse tenants, including start-up and established restaurants, medical/dental practices, and personal service businesses, seeking their first downtown location.