TheStreet.com
PR Newswire // 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 multi-family market segment represents a compelling growthopportunity for our company and our Burlesondevelopment 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."
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