Villas Tech Ridge
CLP acquired the 350-unit Villas Tech Ridge in February 2016. The Class A luxury apartment community located is in Austin, TX. Built in 2008, the property is part of the 236-acre Tech Ridge master plan community, a fast-growing area that houses many of world’s largest tech companies including Dell, Samsung, IBM and Applied Materials. The property was developed as part of the Austin Green Builder Program, an environmentally-driven program that requires special consideration for “green” and energy-saving opportunities.
The property features a resort-style pool with a large cabana, complemented by a clubhouse, fitness center and pet park. The location enjoys high visibility, nearby retail, easy access to highways and transportation, and is situated within the highly-regarded Pflugerville School District. Units include open floor plans with nine-foot or vaulted ceilings and high-end finishes, including granite counter tops, mahogany cabinets, ceramic tile, and vinyl plank flooring.
CLP successfully sold Villas Tech Ridge in January 2020.