Properties owned by Austin architecture firm Bercy Chen Studio — including one previously listed for sale by Hilco — are moving toward auction.
The three sites are owned by limited liability companies connected to Bercy Chen, and have attached loans totaling about $15 million that are due or will become due in the coming months, the Austin Business Journal reported from public records.
Hilco Real Estate recently listed two of the properties for sale, as we reported in late September:
The company's Eastside offering is a 3.4-acre parcel with zoning entitlements for 300 residential units above ground-floor commercial space, according to the company. It's at 1129-1135 Gunter Street and extends to at the corner of Airport Boulevard and Kirk Avenue, near the Springdale Green office development and several mixed-use projects old and new, including the Goodwin apartment complex and Springdale General.
The second parcel is in at 5916 North Lamar Boulevard, just inside the Brentwood neighborhood in North Austin and across the street from the Texas Departmentof Public Safety complex. Hilco says site is "nearing full entitlement status" for proposed seven-story apartment complex with 326 apartment units over a two-story podium with parking and ground-floor commercial space.
The two are still listed by Hilco and have a bid deadline of November 9.
The third property, at 1806 Clubview Avenue, is listed on LoopNet, according to ABJ, and will be open to bids Oct. 16-18. The Journal reported that it's owned by "Clubview Terrace LLC, and property records name Bercy Chen co-founder Thomas Bercy as manager of that LLC.":
The property at 1806 Clubview is an undeveloped 1.7-acre section of a 2.4-acre property, according to Travis Central Appraisal District records. It is the second phase of the Cambrian East Riverside project. The first phase of that project, a 65-apartment complex designed by Bercy Chen, is not for sale.
Ten-X Commercial is the bidding platform for the Clubview property, which is listed by T Stone Group’s Tin Ho Tsang, according to ABJ.