(Dallas, TX) December 1, 2009 – Encore Multi-Family has announced the development of the Encore at Alsbury, a new 200-unit, 12.25-acre apartment development in Burleson, Texas, a fast-growing gateway to Fort Worth. Scheduled to break ground in January 2010, the 205,436-square-foot Encore at Alsbury is scheduled for completion in the first quarter of 2011. Encore Multi-Family is a subsidiary of Encore Enterprises, a leading full service real estate acquisition, development and management company focused on the retail, hospitality and multi-family sectors.
The three-story Encore at Alsbury will provide residents easy access to I-35W and the employment center in and around Fort Worth. A strategic addition to Burleson’s Transit-oriented Development (TOD) District designed to encourage mixed-use development, the new complex will serve the city’s planned rail station along a commuter line connecting downtown Fort Worth to its neighboring cities to the south. Among the fastest-growing cities in the Dallas-Fort Worth metropolitan area, Burleson’s population has grown 65 percent since 2000 according to the Burleson Area Chamber of Commerce, a growth rate nearly twice the national average.
“Our announcement of the Encore at Alsbury is one of many multi-family projects we plan to announce over the next few years,” said Dr. Bharat Sangani, chairman and co-founder of Encore Enterprises. “The multifamily market segment represents a compelling growth opportunity for our company and our Burleson development is representative of other projects we are developing around the country. With its fast-growing population, easy access to Fort Worth and the planned rail line, the Burleson TOD is a natural fit for our newest property.”
Designed by JHP Architecture, a Dallas-based, award-winning architecture, planning and urban design firm, the Encore at Alsbury will feature a 6,183-square-foot, resort-style club house with a pool, fitness center, business center with Wi-Fi, coffee bar and game room. Interior unit amenities will include: faux wood floors in common areas, ceiling fans, faux granite counters, full-size washer/dryers included in units and storage units on the balconies.
“The vision and positive energy surrounding Burleson’s Transit-oriented Development District in conjunction with the North Central Texas Council of Governments makes this a great location for the Encore at Alsbury property,” said Steve Mentesana, president of Encore Multi-Family. “We are excited to be a part of this sustainable urban community project. The property’s convenient location on the I-35W corridor and emphasis on urban living will promote a healthy, balanced lifestyle for the residents of Tarrant and Johnson counties.”
About Encore Multi-Family
Encore Multi-Family, LLC is a full-scale, multi-family developer with a concentration on the southwestern and southeastern regions of the United States. With expertise in all areas of multi-family developments and acquisitions, Encore Multi-Family specializes in ground-up developments, acquisitions, joint ventures, mixeduse, turnkey developments, HUD 221 (d4) financing, and conventional financing. Led by one of the most seasoned management teams in the industry, Encore Multi-Family’s leadership has more than 70 years of collective experience. Encore Multi-Family is a subsidiary of Encore Enterprises and upholds its key mission to deliver expert investment analysis, operational excellence and a commitment to continuous innovation in real estate acquisition.
Contact:
Alex Fencl, MWW Group for Encore Enterprises, afencl@mww.com, 214-414-3330 (direct)
Matt Averitt, MWW Group for Encore Enterprises, maveritt@mww.com, 214-414-3318 (direct)