After years of anticipation and multiple development partner changes, Four Seasons Private Residences Lake Austin has secured an $870 million single-lender construction loan from New York-based TYKO Capital, moving the long-awaited project forward into the construction phase.
The Deal
TYKO Capital provided the construction loan to developers Lincoln Property Company and Austin Capital Partners for what the company calls one of the largest construction loans ever made for a luxury residential project in Texas. The financing supports construction of a residential-only private resort community on Lake Austin featuring private residences, 28 villa lots, a private marina with 50 boat slips, and Four Seasons-operated club amenities.
A First for Four Seasons
This marks Four Seasons’ first purely residential private resort—a community with no hotel component where all amenities are reserved exclusively for homeowners, club members, and their guests. The 210-acre site sits on a secluded hill rising 380 feet above Lake Austin, surrounded by more than 2,000 acres of protected land, with nearly a mile of shoreline and approximately 20 minutes from downtown Austin.
Resort-Style Amenities
The Upper Clubhouse will anchor the property’s amenities, featuring Café Boulud Lake Austin led by Michelin-starred chef Daniel Boulud, who will oversee all food and beverage experiences. The clubhouse also houses a 96-seat private theater, 100-seat sports lounge, Portal Bar & Lounge, and a 300-foot infinity-edge pool with views of the lake and Austin skyline. Additional offerings include The Spa & Wellness Club, The Racquet & Golf Club, The Lake Clubhouse, two private marinas, a working produce farm, and nature trails throughout the enclave.
Interior design comes from award-winning studio Lissoni and Partners, with Four Seasons Hotels and Resorts managing operations.
Long Road to Financing
Announced in 2021 as Austin’s most anticipated luxury project, Four Seasons Private Residences Lake Austin was scheduled to begin construction in fall 2024. The financing represents the project’s first major forward momentum after years of delays.
Austin Capital Partners, founded by 1-800 Contacts founder Jonathan Coon—who also produced “Napoleon Dynamite” but has limited real estate development experience—has cycled through three development partners: Houston’s Hines, New York’s Turnbridge Equities, and now Dallas-based Lincoln Property Company.
Market Context
The financing win arrives as Austin’s commercial real estate market stabilizes following the end of the city’s post-pandemic growth spurt around 2023. The project’s delays and renewed push reflect broader developer concerns about Austin’s luxury market trajectory.
Meanwhile, other developers have moved ahead with branded condo projects across Texas. Howard Hughes is constructing the Ritz-Carlton’s first standalone condo building in Texas at The Woodlands, while Satya is building St. Regis’ first standalone condo building in the state in Houston.
Why It Matters
The project enters the market as high-net-worth families increasingly reassess where to establish long-term homes. Four Seasons Private Residences Lake Austin positions itself as a turnkey, lock-and-leave waterfront option with Four Seasons service on what developers call an irreplaceable Lake Austin site.
“This financing moves Four Seasons Private Residences Lake Austin from vision to construction,” said Jonathan Coon, Partner at Austin Capital Partners. “We set out to create an unparalleled private resort on Lake Austin. With TYKO, Lincoln, Four Seasons, and our construction partners, we are now focused on delivering that promise to our homeowners and club members.”
Adi Chugh, Founder and CEO of TYKO Capital, called Austin “one of the most compelling residential markets in the country, attracting high-net-worth families seeking the caliber of living that Four Seasons Private Residences Lake Austin delivers.”
The development is located at 6507 Bridge Point Parkway, about 10 miles west of Downtown Austin. Austin Capital Partners received financing advice from Adelaide Real Estate, Cobalt Equities, and JLL.
This project is particularly unique in its development approach when compared to major Texas residential projects currently under development, such as the Preston Harbor master-planned community near Denison. Rather than following a more conventional large-scale residential model, it is pursuing a distinctly different vision and development strategy.
Four Seasons Private Residences Lake Austin – Factsheet
Project Overview
- First purely residential Four Seasons private resort
- No hotel on site
- Amenities exclusive to homeowners and club members only
- Unspecified number of private residences
- 28 villa lots
Financing
- $870 million construction loan from TYKO Capital (New York)
- Single-lender construction loan
- One of largest construction loans ever for luxury residential project in Texas
Developers
- Lincoln Property Company (Dallas)
- Austin Capital Partners (Austin)
- Founder: Jonathan Coon (also founded 1-800 Contacts, produced “Napoleon Dynamite”)
- Financing advisors: Adelaide Real Estate, Cobalt Equities, JLL
Location
- Address: 6507 Bridge Point Parkway
- 10 miles west of Downtown Austin
- 20 minutes to downtown
- 210 acres
- Nearly 1 mile of Lake Austin shoreline
- Hill rises 380 feet above the lake
- 2,000+ acres of protected land surrounding site
Waterfront
- 2 private marinas
- 50 boat slips total
Amenities
- Café Boulud Lake Austin by Michelin-starred chef Daniel Boulud
- Daniel Boulud oversees all food and beverage
- 96-seat private theater
- 100-seat sports lounge
- Portal Bar & Lounge
- 300-foot infinity-edge pool
- Pool overlooks lake and Austin skyline
- Spa & Wellness Club
- Racquet & Golf Club
- Lake Clubhouse
- Working produce farm
- Nature trails throughout enclave
Team
- Management: Four Seasons Hotels and Resorts
- Interior Design: Lissoni and Partners
Timeline
- Announced: 2021
- Original construction start: Fall 2024 (delayed)
- Current status: Financing secured, moving to construction
Development History
- Previous partners: Hines (Houston), Turnbridge Equities (New York)
- Current partner: Lincoln Property Company (Dallas)
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