Paramount Investment Acquires Upscale 925 Main Street Apartment, Condo and Retail Community in Grape
Grapevine, TX: Paramount Investments, a full service Real Estate Investment company based in Irving, Texas announced that it has acquired an upscale apartment community located in downtown Grapevine known as 925 Main Street. Roland Stewart, President and Chief Executive Officer of Paramount said, “We are thrilled to add such a premier property to our growing list of Resort Communities in the Dallas Fort Worth marketplace. 925 Main Street is the first urban-style loft development in historic Grapevine and will be rebranded as The Resort at 925 Main. Our plans are to further enhance the property with additional amenities such as concierge services and to fill the available retail space with tenants that complement this upscale community.”
The Resort at 925 Main offers the ultimate lifestyle with a resort-style pool, relaxing cabanas, elaborate athletic facility with in-house private trainers, executive high-tech conference center, resident and guest parking in a multi-level secured garage. A pet friendly community with 261 luxurious residences offering a variety of spacious 1 and 2 bedroom floor plans with up to 2 ½ baths and a total of 1,592 square feet. They include gourmet kitchens, granite countertops, oversized soaking tubs and 12ft ceilings. Located within walking distance of historic downtown Grapevine with its variety of wonderful shops, restaurants, and wineries, and just minutes away from DFW Airport. Grapevine’s new state-of-the-art Community Activities Center is located next door and is scheduled to open in early 2015. Dallas Area Rapid Transit system has also announced plans to open a new station next to the Grapevine Historical Railroad Station so the residents at The Resort at 925 Main won’t need a vehicle to navigate the metroplex.
Paramount’s President/CEO, Roland Stewart said “We have already made plans to offer our residents some fun community activities such as weekly wine and cheese events along with other mixers to bring everyone together through fellowship and our good neighbor policy. We are in the process of securing several new tenants for the available retail space with some exciting new offerings that will serve the entire Grapevine community as well as The Resort residents. We are excited that Mac’s On Main just opened a beautiful new steak and seafood restaurant on the property and that they are offering take-out and home delivery services to our residents. These are just a few of the many new amenities that the residents of The Resort at 925 Main will enjoy in the future.”
Paramount Investments was formed in 1990 as a full service Real Estate Investment company for equity investments in new developments and existing properties through limited partnerships. In the past three years Paramount has acquired 2,300 apartment units in DFW alone. Paramount currently owns and operates 5 other Resort communities in the DFW marketplace known as The Resort at Bear Creek in Euless, TX, The Resort at Valley Ranch in Irving, TX, The Resort at Central Park in Bedford, TX, The Resort at Jefferson Park in Irving, TX, and The Resort at Jefferson Ridge in Irving, TX.
Since its inception, Paramount Investments has provided over $1B in investment funding for a variety of investments in commercial real estate and various investment structures of public and private companies. Paramount provides their clients and partners with outstanding real estate acumen at the highest level of professionalism. From Property Identification, Development and Management, Paramount remains committed to maximizing returns through its attention to detail and a thorough understanding of the dynamics of the real estate industry. The management team at Paramount believes that it’s not enough to simply provide real estate services, that its role is to act as a business advisor providing information analysis and tailored business solutions for a wide variety of real estate needs. In short, Paramount’s goal is for their clients to become a part of their real estate family.
President/CEO Roland Stewart said “I feel strongly that the caliber of our people and the quality of our research sets us apart from our counterparts in the industry. We are positioned to quickly adapt to the needs of the market and our diverse clientele. We focus on capital preservation first, and then return. Our targets and history of achievements have delivered double-digit returns for the past 25 years. We treat all our partner/investors as family and we have always invested the majority of capital in each deal. Paramount was fortunate enough to liquidate all of its assets prior to the 2008 economic downturn and waited for three years before re-entering the investment markets in 2011. Timing is extremely critical to our past and future success.” Mr. Stewart is an active member of Milestone Church located in Keller, Texas and is focused on giving back to the local community.
For more information contact Darlene Perrin at (817)-419-8000 or firstname.lastname@example.org.