Novak Brothers Partners with Trinity Private Equity Group to Develop the Summit Lofts
- News, Press Release
- March 20, 2020
Novak Brothers Development begins construction on the Summit Lofts in Georgetown, TX
GEORGETOWN, TEXAS (PRWEB) MARCH 20, 2020
Novak Brothers Development has begun construction on the Summit Lofts within the award-winning, Summit at Rivery Park mixed-use community in Georgetown, Texas. The Summit Lofts is the last phase of construction in the master plan and is situated upon 3+ acres of the most prominent tract of The Summit at Rivery Park. Upon completion, it will contain 256 luxury lofts, ground level retail, a seven-story tall 494-car parking garage, state of the art fitness facility, topped off with a rooftop pool and patio area equipped with cabanas and indoor/outdoor gathering spaces. The Summit Lofts will be the premier rental product in a rapidly growing submarket currently devoid of high-density, high-end amenities within an integrated live-work lifestyle experience.
“Trinity is very excited both to partner with Novak Brothers for the first time and to be an investor in this final piece of The Summit at Rivery Park development,” said Sanjay Chandra, Managing Partner of Trinity Private Equity Group. “We appreciate the work done by Novak in this development over multiple years, and believe Georgetown continues to be a wonderful location drawing from the immediate area and North Austin.”