A new five- and six-story luxury apartment complex, dubbed Presidium Waterford, has broken ground on its first phase in Austin, Texas.
The 281,533-sf residential community will include 283-units in an open building design with plenty of natural light. Each apartment unit will include smart thermostats, smart lighting, and smart touchless unit and amenity entries that can be accessed through a single smartphone app.
The community will also include environmentally-focused features such as increased insulate properties in the windows and exterior insulation, a 100% rainwater bio filtration system, energy-efficient appliances, and energy-efficient building systems. Innovative sanitation methods will be implemented through state-of-the-art air purification systems and touchless entry doors, faucets, and facility hardware.
Interior common spaces will provide guests and residents multiple cowering office lounges and a gym with spin and yoga studios that connect to the outdoor lawn. A large open-air courtyard with outdoor spaces, a resort-style pool, a water volleyball court, outdoor fireplaces, a fully amenities paseo, a Zen courtyard with fire fits, a shaded hammock grove, and a Bocce court are also included.
The development is located minutes from The Domain, Austin’s “second downtown,” at 183 and Waterford Centre Blvd. The first units are expected to be delivered by Dec. 2022.
Related Stories
Multifamily Housing | Feb 23, 2015
Millennials to outgrow Baby Boomers in 2015
The Baby Boomer generation, once the nation's largest living generation, will be outpaced by the Millennials this year, according to the Pew Research Center.
Multifamily Housing | Feb 19, 2015
Is multifamily construction getting too frothy for demand?
Contractors are pushing full speed ahead, but CoStar Group thinks a slowdown might be in order this year.
Multifamily Housing | Feb 18, 2015
Make It Right unveils six designs for affordable housing complex
BNIM is among the six firms involved in the project.
Office Buildings | Feb 18, 2015
Commercial real estate developers optimistic, but concerned about taxes, jobs outlook
The outlook for the commercial real estate industry remains strong despite growing concerns over sluggish job creation and higher taxes, according to a new survey of commercial real estate professionals by NAIOP.
Multifamily Housing | Feb 17, 2015
NYC multifamily sales increased by 39% in 2014
For New York City as a whole, $20 million-plus deals accounted for more than half of all transactions.
Multifamily Housing | Feb 17, 2015
California launches pilot program to finance multifamily retrofits for energy efficiency
The Obama Administration and the state of California are teaming with the Chicago-based MacArthur Foundation on a pilot program whose goal is to unlock Property-Assessed Clean Energy financing for multifamily housing.
Multifamily Housing | Feb 17, 2015
Young Millennials likely to return home
Ninety percent of individuals born between 1980 and 1984 and who hold a Bachelor’s degree left home before they were 27 years hold. However, half of this group later returned to their parents’ home, according to a study by the National Longitudinal Study of Youth.
High-rise Construction | Feb 17, 2015
Work begins on Bjarke Ingels' pixelated tower in Calgary
Construction on Calgary’s newest skyscraper, the 66-story Telus Sky Tower, recently broke ground.
Mixed-Use | Feb 13, 2015
First Look: Sacramento Planning Commission approves mixed-use tower by the new Kings arena
The project, named Downtown Plaza Tower, will have 16 stories and will include a public lobby, retail and office space, 250 hotel rooms, and residences at the top of the tower.
Codes and Standards | Feb 12, 2015
New Appraisal Institute form aids in analysis of green commercial building features
The Institute’s Commercial Green and Energy Efficient Addendum offers a communication tool that lenders can use as part of the scope of work.