December 20, 2022 Presidium Breaks Ground on Presidium Tech Ridge

Situated on a 14-acre parkland, the creek-side development will meet the demand for luxury housing in the booming ‘Tech Ridge Corridor’

Presidium, a diversified real estate investment and management firm, has broken ground on Presidium Tech Ridge, a 358-unit, four-story luxury community located in Northeast Austin’s ‘Tech Ridge Corridor’ — a rapidly-developing area with notable tech companies such as Dell, General Motors, Samsung, 3M and more have migrated recently. In an effort to encapsulate the area’s innovative mindset and environmentally friendly nature, residents will be able to enjoy modern top-tier amenities, open spaces and exclusive connected trails that lead to neighboring entertainment, retail and work opportunities. Presidium Tech Ridge is expected to be fully complete by late-2023.

“Presidium worked diligently with the City of Austin to situate Presidium Tech Ridge along a spring-fed creek that runs through five acres of dedicated parkland with an additional quarter-acre dog park, providing residents with a resort-style living environment with endless options to work, live and play — whether on-site or in the surrounding community,” said Dustin Mattiza, Vice President of Development for Presidium. “From fully-conditioned corridors, which will be a first in this submarket, to centralized sustainable water heating systems and luxury amenities that take advantage of the captivating nature views, Presidium Tech Ridge will successfully meet the lifestyle needs of the area’s dynamic and innovative demographic.”

Designed by Dallas-based Humphreys & Partners Architects, Presidium Tech Ridge showcases a modern design intended to take advantage of the surrounding area. With an expansive clubroom and leasing center strategically oriented to overlook the natural parkland, the community boasts a coffee bar, game room with a variety of gaming tables, theater lounge, golf simulator, state-of-the-art fitness center and yoga studio, a social lounge with a catering kitchen, and a fully equipped business center with private offices, coworking spaces and conference rooms. Residents will also enjoy a luxe zero-edge pool with private cabanas, a Zen courtyard with fire pits, a yoga lawn, outdoor kitchens and a private dog park amidst the backdrop of charming nature views.

Presidium Tech Ridge’s environmentally-conscious features include thermal-efficient windows, EV charging stations, an innovative stormwater quality management system, energy-efficient appliances and green building operations. Additionally, Presidium will implement a sustainable TEAL System (centralized hot water heating), which helps reduce the community’s carbon footprint and can save up to 40% in energy consumption when compared to traditional water heating methods.

Each of the apartment homes offer lofty 10-foot ceilings and upscale finishes including designer quartz countertops, stainless steel appliances, built-in desks, wine coolers and full-sized washer and dryers. Presidium Tech Ridge will also incorporate smart technology into each of the units such as keyless entry doors and Ecobee thermostats with Alexa, which can be accessed through a smartphone app.

For more information, visit: www.presidiumre.com.

About Presidium:
Founded in 2003, Presidium is a Texas-based real estate developer, owner, and operator with a 19-year operating history and an existing real estate portfolio totaling approximately $2 billion AUM. We represent a spectrum of disciplines including acquisitions, development, property management, asset management, construction, law, finance, accounting, special servicing, and public-private partnerships. Presidium is committed to providing best-in-class housing for individuals of all income levels and creating great spaces that enhance people’s lives. For more information about Presidium, visit www.presidiumre.com.

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