Skip Navigation
Feb 28, 2017

No static as $71M Edison units move forward

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...
Fallback Image
by
Austin Business Journal

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.
Fallback Image
Written by
Austin Business Journal
Last updated
Mar 28, 2024

In This Article

You might also like

TG Magazine
PUBLISHED SINCE 1977

TG Magazine

Check out the latest issue of our flagship publication.

SUBSCRIBE TO OUR

Publications

Receive our economic and housing reports and newsletters for free.