PRESS ROOMNEWS RELEASE
Inland National Development Company, LLC and Cambridge Development Group, Inc. Announce Austin’s Citadel at Tech Ridge Signed 50 Leases in 50 Days
Nicole SpreckInland Communications
Oak Brook, Ill – Inland National Development Company, LLC (“INDC”) and co-developer, Cambridge Development Group, Inc., are pleased to announce North Austin’s newest luxury multifamily gated community, Citadel at Tech Ridge, signed 50 leases in its first 50 days, since opening on December 28th.
Citadel at Tech Ridge is located on 14.8 acres at 1127 Pearl Retreat Lane, in the heart of North Austin’s Tech Ridge. This luxury, Class A community consists of one-, two- and three-bedroom residences, totaling 308 units in 12 three-story, wood frame buildings. Each unit features open floorplans with nine-foot ceilings, in-unit washers and dryers, granite countertops, designer lighting, stainless steel appliances and private balconies or patios.
“The Austin metro area’s population has grown by an average of 55,500 persons annually, or 152 per day, since 2010 according to the Austin Chamber,” said Anthony Casaccio, president and CEO of INDC. “North Austin in particular, is growing rapidly and our leasing efforts of 50 leases in 50 days even without the benefit of a furnished model is a testament to that.”
Austin’s Citadel at Tech Ridge is located in North Austin, which is home to major employers such as Samsung, General Motors, Dell Computer, Amazon, Apple, IBM, HomeAway and Oracle, and also offers close access to CapMetro Park Ridge facility, Austin’s regional public transportation provider.
For more information on Citadel at Tech Ridge or to inquire about leasing opportunities visit: www.citadelattechridge.com.
About Inland National Development Company, LLC
Inland National Development Company, LLC (INDC) is a developer of residential, multifamily, hospitality, retail and senior housing properties. INDC is part of The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and finance groups, which is comprised of independent legal entities, some of which may be affiliates, share some common ownership or have been sponsored and managed by such entities or subsidiaries thereof (collectively “Inland”). Inland has been creating, developing and supporting real estate-related companies for more than 50 years. For more information, visit www.inlandgroup.com/indc.