Press
SWBC Real Estate breaks ground on 318 unit multi-family development
SAN ANTONIO & DALLAS, TX (October 28, 2013) – SWBC Real Estate is excited to announce that it has broken ground on its newest development, a 318-Unit Class A Apartment project. The complex, known as Overlook Ranch, will be built in AllianceTexas, a 17,000 acre master planned community in north Fort Worth.
The Texas ranch style complex will be comprised of 318 rental units, in 21 garden-style apartment buildings, constructed of wood framing with low-maintenance brick/stone and stucco exteriors. The average unit size will be 852 square feet with ten different unit sizes, comprised of one-bedroom, two-bedroom, and three-bedroom units.
“In the immediate area, there is currently an abundance of Fortune 500 employment centers, as well as numerous other companies’ planning to move into the area,” said Stuart Smith, SVP, SWBC Real Estate. “Overlook Ranch will appeal to the young professionals and small families of these corporate businesses who desire a convenient living style with first class amenities.”
Stylish interior features of the apartment units include nine foot ceilings, walk-in closets and storage, stainless steel appliances, wood flooring, oval garden tubs, and built-in wine racks. Tenants will also enjoy access to an 8,000 square foot clubhouse with a resort-style pool and spa area containing an outdoor kitchen and cabana, direct access or attached garages, a private entrance gate system, a state-of-the-art fitness center, high-speed internet, and more.
“Each and every project we are able to develop helps build the company’s portfolio of multi-family assets. With the excessive amount of population growth occurring in Texas, we hope that Overlook Ranch is the first of several multi-family developments that we are able to start within the next 12-15 months,” said Smith.
The proposed total construction time for Overlook Ranch from start to finish is 18 months. Leasing for the units is planned to begin in May of 2014.
About SWBC Real Estate
SWBC Real Estate, LLC (www.swbcrealestate.com) is owned by SWBC Enterprises, Ltd. SWBC Real Estate is managed by an experienced team of real estate professionals located in Dallas, Texas, with a primary focus in multi-family development. SWBC Enterprises, Ltd. is owned by Charlie Amato and Gary Dudley, co-founders of SWBC. SWBC is a diversified financial services company providing a wide range of insurance, mortgage, and investment services to financial institutions, businesses, and individuals. With offices across the country, SWBC is committed to providing quality products, outstanding service, and customized solutions in all 50 states. SWBC was named one of the “100 Best Companies to Work for in Texas” in 2012 and 2013. For more information, visit www.swbc.com.