QUALICO’S THE PEARL WILL APPEAL TO FAMILIES AND YOUNG PROFESSIONALS ALIKE
Qualico selectively partners with developers to introduce multi-family residential properties to prime locations in key US markets. With several active projects in Texas, California, and Washington State, Qualico’s partners are creating value for our investments while fulfilling a market need.
With the New Year upon us, the year 2020 will see Qualico and its partners near completion of the Pearl with is planned fourth quarter completion date. This project update story includes updated photos on the construction progress along with the planned features and benefit to the community the multi-family project brings.
Austin, Texas – Qualico will be bringing a new four-storey, 383-unit apartment building to north-central Austin in the coming year. The Pearl will be located on a 4.96-acre site in the Brentwood neighbourhood, approximately five miles from downtown Austin.
The Pearl will feature total rentable space of 275,828 sq. ft. with 48 studio units, 283 one-bedroom units, and 52 two-bedroom units, ranging in size from 452 to 1,254 sq. ft., with the average size being 720 sq. ft.
The building’s amenities will include bike storage, a workshop, a dog wash area, an entertainment lounge, a sports lounge and clubhouse, and three interior courtyards. Attached to the building will be a four-storey concrete parkade featuring a rooftop pool, spa, and fitness facilities.
Brentwood is an established and trendy neighbourhood with a rich history, and is known for being quiet and safe. The family-friendly area features local schools (with a high school directly adjacent to The Pearl), trendy shops and restaurants, and tree-lined streets.
Brentwood’s quick and easy access to downtown Austin, the University of Texas, and Town Lake allows residents to enjoy the benefits of residing in central Austin, while also living in a thriving, family-friendly neighbourhood. The nearby Burnet Road corridor offers many popular eateries and shops for those looking to stay close to home.
As the Austin population continues to grow, this area is experiencing more awareness and new development, making it increasingly popular with young professionals and families, who have gradually revitalized the area. The Pearl will add a modern development with highly sought-after amenities to the area, further increasing its appeal.
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