Boston - (July 18, 2007) - GID Investment Advisors, LLC (“GID”) is pleased to announce the development of Windsor at Bee Cave, a luxury Class A apartment community in Bee Cave, Texas. The 293-unit community initially opened for occupancy by residents in April of this year. The property is owned by an affiliate of Windsor Columbia Realty Fund LLC, an equity co-investment joint venture between GID and a major public pension fund. Criterion Development Partners is the development manager for WCRF and Watermark Construction is the general contractor on the project. Windsor Property Management Company (windsorcommunities.com) an affiliate of GID, is the property manager.
The Windsor at Bee Cave is located on West Highway 71 adjacent to The Shops at Galleria retail development and across from the future Hill Country Galleria retail development. According to Matt Stuart, GID’s asset manager for the project, “Windsor at Bee Cave is an attractive community with great visibility from Highway 71. With the addition of several high quality retail developments and the relocation of AMD’s headquarters to Southwest Parkway, the Southwest submarket should perform extremely well over the next several years.”
Windsor at Bee Cave offers one, two and three bedroom floor plans. All units include nine or ten foot ceilings, washer and dryers in the each unit and maple wood cabinetry in the kitchens. Community amenities include a spacious two-story clubhouse with business center and billiards room, a separate fitness building, a multi-level pool and spa. The property is located on approximately twenty rolling acres allowing for views of the surrounding Hill County from much of the site and many unit interiors. Windsor at Bee Cave is the second Austin area rental community for GID.
The General Investment & Development Companies (GID) www.generalinvestment.com, founded in 1960, founded in 1960, are privately-held, diversified companies with substantial interests in both residential apartment and other commercial real estate throughout the United States. GID is headquartered in Boston, Massachusetts, and its various affiliates operate nationwide. Over its 46-year history, GID has developed and acquired apartment, condominium, office, research & development and industrial properties. Today, GID and its affiliates' portfolios are invested in 17 states including over 11,000 apartment homes in 37 properties, 670,000 square feet of suburban office space in seven office buildings and 3.0+ million square feet of flex industrial space in ten business parks. Over the years, GID has developed and/or acquired over 36,000 apartment homes.
About Criterion: Criterion Development partners (www.criteriondp.com) is a real estate operating company specializing in the development, construction management, asset management and disposition of multifamily communities. Dedicated to conducting all business with the utmost honesty and integrity, Criterion’s mission is to enhance and maximize the value of its assets for partners, lenders, investors, and employees. With offices in Dallas and Boston, Criterion is actively seeking multifamily investment opportunities in the Northeast, Southeast and Texas.
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