FORT WORTH, TX - Diversified real estate investment and management firm Presidium has broken ground on Presidium at Revelstoke, a luxury residential community in Alliance Town Center (ATC), North Fort Worth’s premier shopping and dining hub. The first building is expected to be completed in mid-late 2020. The three-story, 466,515-square foot development will be the first multifamily community in proximity to ATC that both incorporates modern design throughout and fully integrates SMART technology into units. This SMART technology will allow residents to control the temperature, access and lighting in the homes from their wireless devices.
“Corporate relocations and expansions are driving the demand for high-end multifamily communities in North Fort Worth,” said John Griggs, Co-Founder and Co-CEO of Presidium. “Residents will enjoy a modern, technologically-advanced living experience at Revelstoke, which was designed with a contemporary architectural approach to create a luxurious lifestyle for residents.”
Constructed on a 17.24-acre site, Revelstoke will feature 408 units with 9’ ceilings, upscale finishes and energy efficient stainless-steel appliances. The community members will enjoy a resort-style pool with cabanas, gas grills and game areas, a second floor outdoor deck overlooking the pool area and a state-of-the-art fitness center with a dedicated spin and yoga studio. The 10,000-square foot clubhouse and leasing center will contain a full-size demonstration kitchen, business center and billiards room. Other outdoor amenities include a dog park with a washing station, onsite car wash, electric car charging station and a community playground.
Presidium purchased the land from Hanover Property Company. John Carter of Hanover handled the sale for Hanover. Presidium selected O’Brien Architects to design the property, Kimley-Horn as the civil engineering firm and Provident General Contractors as the builder.
This is Presidium’s second significant groundbreaking in recent weeks. In early September, the firm also kicked off construction at Presidium at Town Center, a 370-unit luxury residential community in one of Jacksonville, Florida’s most sought after entertainment districts.
About Presidium: From humble beginnings in 2003, Presidium has grown to over 300 team members and over 70 assets under management, valued in excess of $1.5 billion. Presidium’s team is distinguished by the diversity, depth and character of its people. We represent a spectrum of disciplines including law, finance, government, accounting, acquisitions, asset management, special servicing, property management, public-private partnerships, development and construction.
Presidium focuses on sculpting a sense of place, immersed in sustainable, technology rich environments. Places where nature and humanity are brought together through thoughtful design. We understand that a community is about more than concrete sidewalks or asphalt parking lots, it’s about creating a place to call home, where people can live, work and play in an enriched environment that has a positive impact on the surrounding area. For more information about Presidium, visit www.presidiumre.com