November 06, 2018
Fort Worth, Texas – Transwestern Development Co. (TDC®) today announces it has sold RiverVue Apartments, a 375-unit residential property at 5825 Arborlawn in Fort Worth, Texas. St. Regis Properties acquired the property for an undisclosed amount.
Completed in 2017, RiverVue is situated within the Waterside project, a mixed-use development on Bryant Irvin with neighborhood retail, Whole Foods and REI Co-op. The property was 90 percent occupied at the time of sale.
RiverVue offers best-in-class finishes and unique floor plans, from the chef-inspired kitchen to the spa-style bath. Open floor plans and private patios and balconies provide plenty of room to entertain. Residents enjoy direct access to the Trinity River and trail and quick access via Chisolm Parkway to the Arts District and Downtown.
Since 2012, Transwestern Development Co. has completed more than $2.9 billion in total development, consisting of 4,800 multifamily units, 2.2 million square feet of office space, 19 million square feet of industrial space, and 299,000 square feet of healthcare and retail space.
ABOUT TRANSWESTERN DEVELOPMENT CO.
Transwestern Development Co. is a diversified business with expertise and experience in all commercial property types. The firm executes projects through a variety of venture and contract structures and has been creating commercial landmarks for itself, its partners and valued customers throughout the U.S. since 1978. Based in Houston, Transwestern Development Co. operates as a principal, investing capital alongside its institutional equity partners in the development of speculative and build-to-suit projects, and as a fee developer for clients and user-owners. The company has amassed valuable experience in construction, design, sustainability, leasing, acquisitions, finance and asset management. As a member of the Transwestern family of companies, the firm capitalizes on the market insights and operational expertise of its affiliates, which include a diversified real estate services firm with 35 U.S. offices and a real estate investment management company. Please visit transwesterndevelopment.com for more information.