GenX Capital Partners and Prestige Development Group have joined forces to bring Azul El Paso, a new development project, to life. This $40+ million endeavor will span 104,000 square feet and include 130 apartment units as well as 12,000 square feet of retail space. It is the first of three planned Azul developments that will be completed within the next 36-48 months.
Azul El Paso offers an array of features such as a gym, business center, conference room, meditation room and theater room for residents’ convenience. The amenity deck also includes a restaurant and bar overlooking the pool area.
Located in the heart of El Paso’s bustling urban community with lower vacancy rates than national averages and rent growth outpacing national trends by over double at 3.5%, this development is perfectly positioned for success.
The developers are confident in achieving full occupancy upon completion with units commanding top rents from tenants seeking modern living options in this thriving city.
