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AUSTIN, TEXAS — A partnership between Phoenix Capital Partners Ltd. and Austin-based Ardent Residential has broken ground on Palo Verde, a 296-unit apartment community located at the corner of U.S. Highway 290 and FM 1826 in Austin. Amenities will include a clubhouse with a business center and conference rooms, a dog park, pool and a fitness center with a yoga studio. Construction is expected to be complete by the second quarter of 2019.