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Archstone Tech Ridge, Austin’s newest high tech, luxury apartment community, celebrated completion of construction with its grand opening event last week. Almost two-thirds leased going into the grand opening, the community experienced a warm welcome and a wave of new tenant applications upon the property’s unveiling.
“I think the word really got out after the grand opening about what an incredible product we have here,” said Terri Boss, community manager for Archstone Tech Ridge. “We were extremely busy showing the property this past weekend, despite the fact it was ACL weekend.”
The grand opening event featured food from Salt Lick Barbeque and music by local Austin favorite, Love at War. The evening culminated with excited yelps from the big prize drawing winners, which were Ukeme Essien, winner of two three-day passes to Austin City Limits, Vivian Burns, winner of a Dell computer, Cynthia Villarreal, who won an iPad, and Wendy Kell, winner of a Maggiano gift card.
“We can’t be more pleased to have located in Austin’s tech center,” said Donald Davidoff, group vice president and head of marketing for Archstone. “This is the right place at the right time, because this area can support and wants a product like this, rich in amenities and high tech features.”
Minutes north of downtown Austin, Archstone Tech Ridge, is located at 305 E. Yager Ln., Austin, Texas 78753. Close to numerous employers, as well as fantastic shopping, dining and entertainment destinations, the luxury apartment development is ideally situated to produce long-term value for residents, as well as for Archstone, Bluerock and the surrounding neighborhood.
Inside the community, residents have access to a selection of exclusive amenities, including a 24-hour fitness center with free weights and cardio equipment, a Click! Café Internet Lounge with complimentary Wi-Fi and a resort-style pool with poolside cabanas. The Austin apartments will also showcase spacious floor plans, crown molding, stainless steel appliances and full-size washers and dryers.
Archstone, which manages the community, is currently conducting tours of the apartment homes and accepting online leasing applications on property and at ArchstoneApartments.com/.
About Archstone
Archstone (archstoneapartments.com) is a recognized leader in apartment investment and operations. The company's portfolio is concentrated in many of the most desirable neighborhoods in and around Washington, D.C., Los Angeles, San Diego, San Francisco, New York, Seattle and Boston. Archstone strives to provide great apartments and great service to its customers—backed by service guarantees. As of June 30, 2010, the company owned or had an ownership position in 442 communities located in the United States and Europe, representing 82,104 units, including units under construction. Utilizing this tremendous amount of expertise and institutional knowledge, Archstone now also offers comprehensive advisory services to owners and lenders who want to maximize the value of their assets through Archstone Real Estate Advisory Services.
About Bluerock
Bluerock Real Estate, LLC is a national real estate investment firm headquartered in Manhattan with regional offices in Phoenix, Arizona and Southfield, Michigan. Bluerock focuses on acquiring, managing, developing and syndicating stabilized, value-added and opportunistic multifamily and commercial properties throughout the United States. Bluerock and its principals have collectively sponsored or structured real estate transactions totaling approximately 25 million square feet and with approximately $3 billion in value. Bluerock principals have an average of approximately 20 years experience in the finance and real estate fields including financing, development, construction, acquisition, disposition, and management of properties.
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