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Citadel at Tech Ridge's developer, Cambridge Development Group, was one step ahead of the curve when it incorporated a business center and co-working spaces into the multifamily property's design.
Having an official presence in Dallas will allow PDR to get involved in local developments and grow its regional and international reach, according to Marc Bellamy, principal and partner at PDR.
Legend Communities and Tiki Time LLC will develop the site which is deemed desirable because The Village of Tiki Island does not allow vacation rentals on the island, preserving the integrity of the property.
Some developers are stopping or even pulling future hotel builds, while projects already under construction are quickly pivoting to adapt to the new market.
KT Urban plans for the project feature two 20-story office towers housing 6,000 square feet of retail and 30,000 square feet of outdoor terraces within multiple levels located at 280 Woz Way in San Jose.