GenX Capital Partners, under the leadership of Managing Director Mark McClure, has recently entered a co-development venture for Azul El Paso, a multifamily project set to transform the landscape. This collaborative effort involves Prestige Development Group (PDG) from Austin and marks the initiation of a series of three Azul developments planned by the partnership over the next 36-48 months. The Azul El Paso project, valued at around $40 million, spans 104,000 square feet, comprising 130 apartment units and an additional 12,000 square feet allocated for retail space.
Mark McClure emphasized the strategic significance of the project’s location, describing it as “a fantastic location.” Partnering with PDG, renowned for its expertise in permitting and leasing, adds value to the development. Azul El Paso is strategically positioned to seamlessly integrate with the adjacent retail sector, offering proximity to well-known brands like Dicks Sporting Goods, WalMart, PF Changs, Albertson’s, Dillards, and more. This positioning ensures tenants have access to a diverse array of shopping, dining, and entertainment options.
Situated at 6767 Gateway Blvd, the project is designed to provide a range of amenities, enhancing the living experience for residents. These amenities include a state-of-the-art gym, business center, conference room, meditation room, theater room, and a restaurant and bar located on the amenity deck overlooking the pool. With a focus on creating a dynamic and modern living environment, Azul El Paso aims to cater to the lifestyle needs of its residents.
