Cadence McShane Construction Completes Edison Apartments in Downtown Austin
CISION • February 20, 2020

Cadence McShane Construction recently completed Edison Apartments, a 498,882-square-foot multifamily development located in the popular East Riverside Corridor near downtown Austin, Texas.


Designed by Page Southerland Page Inc. and developed by Presidium, Edison features luxurious finishes and amenities throughout the development. The four-story apartment complex has 354-units featuring hardwood floors, balconies, patios, and vaulted ceilings. Amenities include a clubhouse, state-of-the-art fitness center, swimming pool with breathtaking views of downtown Austin, picnic area equipped with barbecue stations, and a chic rooftop lounge with fantastic views as well. Cadence McShane completed the multifamily development which features brick, panel, and stucco exterior with two pre-cast parking garages with the capacity for 468 parking spaces to serve the Edison residents.


“This was a great design-build project for Cadence McShane located on a very unique site with great challenges in terms of the grades” stated Srinath Pai Kasturi, Executive Vice President of Cadence McShane. “The design-build project team was able to overcome challenges and produce this excellent Class A project in the growing East Riverside area.”

Cadence McShane has been a distinguished leader in the construction industry throughout the state of Texas for over 30 years and was named #4 U.S. Apartment Builder by Multi-Family Executive. Cadence McShane is proud to have completed this multifamily project in the diverse, unique, and quickly expanding area of Austin.


About Cadence McShane Construction Company

Cadence McShane Construction Company is the builder of choice in the state of Texas and its surrounding region, specializing in the Education, Multifamily, Senior Living, Commercial, and Industrial market sectors. As a highly-experienced provider of general construction, design-build, and construction management services, we deploy a culture of relentless service with an entrepreneurial spirit that drives consistent and reliable results. Since 1985, our dedication and commitment to this philosophy have built a solid foundation of excellence for everything we do. For additional information, visit the firm’s website at http://www.cadencemcshane.com.


About Page Southerland Page, Inc.

With roots extending back to 1898, Page provides architecture, interiors, planning, consulting and engineering services throughout the United States and around the world. The firm’s diverse, international portfolio encompasses the healthcare, academic, aviation, government and science and technology sectors, as well as civic, corporate and urban housing projects. Page Southerland Page, Inc. more than 650 employees across offices in Austin, Dallas, Denver, Dubai, Houston, Mexico City, Phoenix, San Francisco and Washington, D.C. Learn more about the firm at http://www.pagethink.com


About Presidium

From humble beginnings in 2003, Presidium has grown to over 300 team members and over 70 assets under management, valued in excess of $1.5 billion. Presidium’s team is distinguished by the diversity, depth and character of its people. We are highly motivated individuals who have a unique willingness to work with, and for, each other. We represent a spectrum of disciplines including law, finance, government, accounting, acquisitions, asset management, special servicing, property management, public-private partnerships, development and construction. Innovation, integrity, persistence, honesty and basic common sense are the hallmarks of our organization. As a company, Presidium invests time, money and creativity in everything we do, with a primary investment strategy to build value through creativity, efficiency and organization.

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Construction Now Complete on Portland’s Novus Apartments

By City Biz • January 12, 2023
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Institutional Property Advisors arranges $61 million in acquisition financing for three Arizona multifamily assets

By Yield Pro • January 9, 2023
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Tides Equities Closes $95M Phoenix Buy

By Multi-Housing News • December 19, 2022
Multifamily industry value-add specialist Tides Equities has closed escrow on the acquisition of a three-property portfolio near Phoenix. The properties acquired, Red Sage, The Perry and Serena Park, offer a total of 466 units. The $95 million transaction was brokered by Colliers International ’s Brad Cooke. Situated at 5704 W. Thomas Road in Phoenix, Red Sage is a 156-unit garden-style apartment community completed in 1986. Situated on a 5.4-acre land parcel, Red Sage features a blend of one- and two-bedroom layouts averaging 673 square feet in size. A barbecue with picnic area is among the most notable common-area amenities. Located at 6231 N. 67th Ave. in the Phoenix suburb of Glendale, Ariz., The Perry has 148 units in a mix of one- and two-bedroom floor plans averaging 805 square feet. A pet play area is among the leading amenities of the apartment community. The Perry is well situated near major transportation arteries. Its location also puts residents no more than 3 miles from the Westgate Entertainment District, home to both the NFL’s Arizona Cardinals football team and the NHL’s Phoenix Coyotes hockey team. Bearing an address at 8546 N. 58th Ave., in the heart of Glendale, Serena Park features 142 residences in a mix of studio, one-bedroom and two-bedroom layouts measuring approximately 500, 700 and 900 square feet respectively. A large swimming pool is among the prominent common-area amenities of Serena Park. The location of the apartment community ensures residents are less than a mile from Glendale Community College, which enjoys a yearly enrollment of more than 6,000 students. Each of the properties is situated in the Phoenix Metro Area’s West Valley submarket, of which Tides Equities is exceptionally familiar. The assets will be rebranded as The Tides on West Thomas, The Tides on 59th and The Tides on 67th. Collectively, they will benefit from $11.5 million in renovations and upgrades. Last month, Tides Equities continued its Dallas-Fort Worth Metroplex incursion with the acquisition of a three-property multifamily portfolio in the metro.
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