The Farmers Branch 344-unit development will provide a Class-A luxury rental housing option to accommodate the rampant growth of the surrounding area
Presidium, a diversified real estate investment and management firm, has broken ground on the first phase of Presidium Valley View, a 344-unit, five-story luxury residential community that will offer residents best-in-class amenities and an unbeatable location in Farmers Branch, Texas, an affluent inner-ring suburb of Dallas. With the newest estimates from the U.S. Census Bureau reporting that Dallas-Fort Worth experienced the largest population gain of any U.S. metropolitan area in the last year, Presidium Valley View is designed to add significant value to the area by providing residents with a Class-A multifamily development in close proximity to numerous highways and employment centers.
“Thanks to explosive job and population growth stemming from low-taxes and a local government known for being very pro-business development, DFW has been at the top of the list for some of the largest headquarter relocations in the world in terms of where they’ve decided to expand,” said Mark T. Farrell, President of Development for Presidium, referring to expansions by notable companies such as Toyota Motor North America, Charles Schwab, AECOM and PGA of America. “This surging submarket presents us with the perfect opportunity to develop a truly unique and new living option for future residents.”
Designed by Dallas-based O’Brien Architects, Presidium Valley View residents will enjoy many community-based features including a clubroom area, coffee bar, game room with a variety of gaming tables, theater lounge and golf simulator, state-of-the-art fitness center, a social lounge with a catering kitchen and a fully equipped business center with private offices, coworking spaces and conference rooms. The exterior spaces will offer guests a resort-style swimming pool with private cabanas, a Zen courtyard with fire pits, a yoga lawn, outdoor kitchens, a private dog park with a pet spa and more.
Each of the 344 apartment homes will feature soaring 9-foot ceilings and upscale finishes including natural wood-inspired flooring, stainless steel appliances, built-in desks and mudrooms, energy-efficient full-sized washer and dryers, designer quartz countertops and kitchen islands, large private balconies, as well as walk-in closets and upgraded fixtures. Presidium Valley View will also incorporate smart technology into each of the units such as keyless entry doors and Ecobee thermostats with Alexa, which can be accessed through a single smartphone app.
“Farmers Branch is known for its safe, family-friendly atmosphere with a highly rated public education system and excellent connectivity to various employment and entertainment districts. With this in mind, our goal for Presidium Valley View was to blend the best of urban and suburban living into the community’s design,” added Farrell.
Situated at 13214 St. Lawrence Circle at the former Lift Apartments site, Presidium Valley View will put residents in position to take advantage of Farmers Branch and its wide variety of attractions, including premium shopping at Galleria Dallas which sits next to the Dallas North Tollway for easy access to the city’s downtown. Only one block from I-635 and Brookhaven College in the Addison Business Corridor, residents will be able to enjoy a relaxing atmosphere without a long commute to work or entertainment.
Phase one of the Presidium Valley View project is expected to be fully complete in late-2023. During phase two of the project which is set to break ground in 2024, Presidium plans to develop additional apartment units alongside the initial Presidium Valley View building.
For more information, visit: www.presidiumre.com.
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Founded in 2003, Presidium is a Texas-based real estate developer, owner, and operator with a 19-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.