Multifamily Community to Open Doors Sooner than Expected
North Austin’s Tech Ridge is experiencing tremendous job growth and located by Parmer Lane and Interstate 35 to provide Citadel at Tech Ridge residents with access to major employers.
AUSTIN, TX—The multifamily gated community, Citadel at Tech Ridge, will open its doors to residents next month sooner than expected, according to Inland National Development Company LLC and its co-developer, Cambridge Development Group Inc. Citadel at Tech Ridge is located on 14.8 acres at 1127 Pearl Retreat Ln. in North Austin’s Tech Ridge.
“North Austin’s Tech Ridge is experiencing tremendous job growth and is conveniently located by Parmer Lane and Interstate 35 to provide residents with easy access to major nearby employers such as Samsung, General Motors, Dell Computer, Amazon, Apple, IBM, HomeAway, Oracle and others,” said Anthony Casaccio, president and CEO of INDC. “We are thrilled to open this luxury project ahead of schedule and, even better, our development team added upgraded finishing touches to include custom barn doors in each unit and additional pool amenities such as cabanas.”
Residents at Citadel at Tech Ridge will have access to CapMetro Park Ridge facility, Austin’s regional public transportation provider and nearby neighborhood retailers such as H-E-B Grocery, Home Depot, Walmart, Target and Kohl’s.
“Citadel at Tech Ridge was the first project we developed with Cambridge Development Group Inc.,” John Brown, senior vice president of development for INDC, tells GlobeSt.com. “It has gone very well, and we’ve already committed to developing our next property together in San Antonio.”
This class-A community will consist of one-, two- and three-bedroom residences totaling 308 units in 12 three-story wood frame buildings. Each unit will feature open floorplans with 9-foot ceilings, in-unit washers and dryers, granite countertops, stainless steel appliances and private balconies or patios. Garage parking will also be available on a limited basis.
The community will feature a fitness center with a yoga studio, a swimming pool complete with an outdoor grilling station, a multi-purpose deck area for outdoor yoga and other activities, a clubhouse with a cyber café, gourmet coffee bar and resident lounge, a dog park, pet spa and electric vehicle charging stations.
Emerging Trends, the industry forecast co-published by ULI and PwC, suggests a willingness to embrace change and rethink growth strategies is beneficial for cities as well as the industry. In fact, Austin is ranked first out of 80 US cities for overall real estate prospects for 2020.