FOR IMMEDIATE RELEASE
EMBREY PARTNERS SELLS KELLER SPRINGS MULTIFAMILY DEVELOPMENT
San Antonio-based Embrey Partners, Ltd. has sold its Addison, Texas, project, Addison at Keller Springs. The 7.35-acre, 353-unit upscale multifamily community is located at 4800 Keller Springs in one of the fastest growing areas in the Dallas Metroplex.
Embrey Management Services will continue to provide property management for the project.
A luxurious Class A community, Addison at Keller Springs consists of a four-story building wrapped around a convenient parking garage. Interiors come in urban signature finishes including granite countertops, custom kitchen cabinetry, upgraded lighting and plumbing packages, garden tubs and stainless steel appliances. The development also features an urban, sleek clubhouse that includes a wifi café, coffee and cappuccino bar, an extended 24-hour state-of-the-art health club and a resort-style swimming pool.
“It was our second property in North Texas,” says Trey Embrey. “We researched the neighborhood and built to the market. It’s a strategy that allowed us to successfully and competitively enter the area and deliver the best value to both our renters and partners.”
Embrey has recently started construction on another project in Dallas – a transit-oriented urban development in Richardson on Greenville Avenue in the heart of the Telecom Corridor. The infill Class A property, GreenVUE, is within walking distance to the DART Redline Arapaho Station and will provide residents convenient access to Dallas’ premier light rail line when the apartment complex is completed in 2015.
About Embrey Partners
Now celebrating its 40th year, San Antonio-based Embrey Partners, Ltd., is a developer, builder and manager of market rate and affordable multi-family and commercial assets in select markets across the United States. Since 1974, Embrey has developed more than 31,000 apartments and six million square feet of commercial space. Partnering with major financial institutions, pension funds, individual investors and Fortune 500 companies, Embrey as the general partner has completed these developments for individual investment purposes and through joint venture transactions. For more information, visit online at www.embreydc.com.
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