Austin

The Estates at Bee Cave, a luxury condominium community has recently started the leasing process. San Antonio-based Embrey Partners and equity partner Nationwide Insurance developed the project on a 24-acre lot located northwest of Austin, at 3544 South Ranch Road 620.

Arizona-based builder and developer Taylor Morrison announced the start of a new phase of home sites available at Leander’s Fairways at Crystal Falls. The new phase starts on July 26, offering 20 lots in an impasse area overlooking open space.

The first and only industrial manufacturing facility in the state of Texas to achieve LEED® Platinum certification is located in Austin. The distinction has been awarded to HID Global, a worldwide leader in secure identity solutions.

Colorado-based Century Communities announced that its subsidiary Jimmy Jacob Homes acquired 527 premier home sites in two of Austin’s leading communities. A top 50 homebuilder in the United States and one of the top five fastest growing homebuilders by total revenue, Century Communities has insured a place among the top builders of Austin.

One of Austin’s huge apartment complexes located near the Central Business District has a new owner. The Retreat at Barton Creek has been acquired by southern California-based Paydar Properties for an amount that remains undisclosed.

The Downtown Austin Plan is moving forward. The city’s blueprint that shows the need for more affordable housing and permanent supportive housing is meeting its materialization. The first affordable-housing project in 45 years is currently in the works.

Austin not only won the title of the fastest growing metro area in Texas, but also is ranked as one of the fastest growing stable employment sectors in the nation, according to a Marcus and Millichap report. Investors are well aware of this fact and grow their portfolios; Presidium Group seems really focused in this regard.