Press - 2021

Presidium Breaks Ground on Phase One of Presidium Waterford, a Luxury Apartment Complex in Austin, Texas

By March 15, 2021 March 16th, 2021 No Comments

As the tech industry progresses in the capital city, Presidium Waterford meets the demand for the high-volume of residents with an environmentally-conscious community

Presidium, a diversified real estate development, investment and management firm, has broken ground on the first phase of Presidium Waterford, a 281,533-square-foot residential community in north Austin, just minutes from The Domain—the city’s ‘second downtown.’ This 5-6 story community located at 183 and Waterford Centre Blvd. will be directly adjacent to 183 and Mopac, giving residents superior access to all that Austin has to offer. First units expected to be delivered in December 2022, Presidium at Waterford will bring 283-units in a luxury, environmentally-conscious community to accommodate one of the fastest-growing cities in the nation. 

“Austin is at the top of the list for some of the most successful companies in the world in terms of where they’ve decided to grow – and the north/northwest Austin area has seen the lion’s share of these prominent expansions,” said Cross Moceri, co-founder and co-CEO of Presidium, referring to expansions by notable companies such as Apple, Amazon, Facebook and VRBO. 

Designed by Dallas-based O’Brien Architects and Atlanta-based Dwell Design Studio, Presidium Waterford will offer an open building design that creates an inviting, airy aesthetic with plenty of natural sunlight. Each unit will include smart thermostats, smart lighting and smart touchless unit and amenity entries that can be accessed through a single smartphone app. 

Presidium Waterford’s environmentally conscious features will include increased insulative properties in the windows and exterior insulation, a 100 percent rainwater bio filtration system, energy-efficient appliances and energy-efficient building systems. Presidium also plans to implement innovative sanitation methods through state-of-the-art air purification systems, touchless entry doors, faucets and facility hardware. 

“Presidium Waterford embodies the best of Austin’s entrepreneurial mindset and environmentally friendly nature. It will reflect Austin’s high standards without being ostentatious. This community will be an ideal place for residents to live, recreate and immediately plug in to the rest of town as desired.” added Moceri.  

The community will feature a large open-air courtyard with outdoor kitchen and living spaces, a resort-style pool, a water volleyball court, outdoor fireplaces, a fully amenitized paseo, a Zen courtyard with fire pits, a shaded hammock grove, and a Bocce ball court. The interior common spaces will offer guests multiple coworking office lounges and a cutting-edge gym with spin and yoga studios that connect to the outdoor lawn.

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About Presidium:

Founded in 2003, Presidium is a Texas-based real estate developer, owner, and operator with a 17-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.