Sweid & Sweid has completed Presidium 183, a multifamily residential development in Austin, Texas. Set on more than 3.5 acres of land and comprising 374 units, the project marks another milestone in the firm’s expansion across the United States, where it continues to focus on high-growth submarkets supported by strong economic and demographic fundamentals.
Presidium 183 is a residential community distinguished by its generous offering of lifestyle amenities. Residents benefit from co-working lounges with private offices, a double-height fitness centre with spin and yoga studios, and an expansive wellness suite offering a sauna, hydro spa, and private treatment rooms. Social and leisure spaces include a golf-simulator lounge, a speakeasy-style dining venue, landscaped gardens with hammocks and firepits, and a resort-style pool. The development also offers EV-charging stations, private garages, and pet-friendly services.
“Our U.S. strategy has been built on identifying cities and neighbourhoods where we see robust demand and sustainable growth,” said Maher Sweid, Managing Partner of Sweid & Sweid. “Once we identify these locations, we set out to deliver a product that stands out in its offering, always giving us an edge.”
Presidium 183 adds to Sweid & Sweid’s growing U.S. portfolio of residential and industrial projects. The company’s expansion in the United States reflects a deliberate effort to diversify geographically while applying the same in-house development model that has defined its success in the Middle East: direct oversight of design, construction and delivery to ensure institutional-grade quality and long-term investment performance.
