AUSTIN, TX - Archstone—a leader in apartment investment, development and operations—announced today that it will celebrate the completion of its new Austin luxury apartment development, Archstone Tech Ridge, at a grand opening event Oct. 7 at the property. The community – which was developed in a joint venture effort with Bluerock Real Estate, a national investment firm with a vast portfolio of multifamily and commercial assets – will provide free food, drinks and entertainment during the event that will be open to the public from 6 to 9 p.m.
Well-known Austin band—Love at War—will headline the event, which will also offer attendees a chance to win an iPad, a Dell computer and two three-day passes to Austin City Limits (all with no purchases necessary) through a random raffle drawing. Tours of Archstone Tech Ridge will be available from 9 a.m. to 6 p.m., and a VIP meet-and-greet and ribbon cutting will be held earlier in the day.
"There truly is no better place to live in the Austin Tech Ridge area," said Donald Davidoff, group vice president and head of marketing for Archstone. "People in the community and apartment seekers alike have offered nothing but rave reviews during visits, and they're supporting their opinions by signing a lot of leases."
Just 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.
"Even if you aren't in the market for a new apartment today, it's worth taking some time to check out what this fantastic, brand-new community has to offer," said Teri Boss, community manager for Archstone Tech Ridge. "The live entertainment, free food and drink and, of course, chance to win some pretty awesome prizes make the grand opening event the perfect time to visit."
Archstone, which manages the community, is currently conducting tours of the apartment homes and accepting online leasing applications on property and at ArchstoneApartments.com.
Archstone 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.
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.
Source: Archstone