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No static as $71M Edison units move forwardNo static as $71M Edison units move forwardhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=159422017-02-28T06:00:00Z2017-02-28T22:00:00Z

​​AUSTIN – It’s been more than three years since Presidium Group purchased nearly nine acres near East Riverside Dr. and Wickersham Lane. 

The company is moving ahead with the construction of 353 apartment units that will include a variety of sustainability features: 
  • efficient heating and air conditioning systems; 
  • water conservation systems; and, 
  • real time energy usage monitoring tools.
Located at 4711 E. Riverside Dr., the project is dubbed “Edison.” ​​

The total cost is $71 million, according to the Presidium website. Completion is projected for first quarter 2019.

Expect to see major activity at the Edison, which for many months has been surrounded by a fence and signage. 

Units will range from 516-sf studios to 1,231-sf, two-bedroom units. Monthly rents likely will range from about $1,187 to $2,144.​​
Austin Business Journal
Austin-Round Rock
Multifamily
http://www.bizjournals.com/austin/news/2017/02/27/austin-upscale-sustainable-apartment-project.html

​Want more ​data? See Austin Multifamily Market Research. 

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