Luxe Austin Homes - development

"What do developers think of building under Austin's HOME ordinance?"

Austin Business Journal writes, "Off a quiet road in South Austin, a homebuilder is trying something new to bring more and less expensive housing to the city. 

Ash Creek Homes is using the city's Home Options for Mobility and Equity ordinance — known as the HOME ordinance — to build 28 detached homes on a 2.4-acre property with 10 residential lots. The location is on Drew Lane near the intersection of Slaughter Lane and Menchaca Road. 

The goal of the project is to see if building a mid-sized housing development under Austin’s HOME ordinance will result in more homes at cheaper prices, said Jenna Edge, president of Ash Creek Homes. She said the company bought the property before the HOME ordinance was approved, with the hope of using the…

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"HOME ON THE RANGE"

Austin Business Journal shares, "Matt Riehs' grandfather gifted his mother 2 acres, and then his grandmother helped her build a home on it. His aunt paid for his first 4-H project there. Those acts provided Riehs — an inner-city kid — with what he now describes as a "Huckleberry Finn lifestyle," which he credits for changing his future for the better.

While he wanted to become an agricultural teacher at one point, he has spent more than a decade as a large-acreage subdivision developer. For the last three years, he has owned Bertram-based LandHomesTexas LLC, which works in conjunction with his Katy-based brokerage Vertical Integration Realty LLC, to market, buy, sell and develop land homes with large acreage on the outskirts of Austin and Houston.

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"Austin is building more new apartments than any other U.S. city"

CultureMap Austin writes, "It seems that Austin will keep building as long as the people keep moving here. A new apartment construction analysis finds that Austin has the No. 1 highest apartment construction rate out of all U.S. cities this year, with more than 15,000 new units expected to be completed from the beginning of the year to the end of December 2025.

RentCafe's report, "New Apartment Construction Tops 500K Units This Year, More Than Half in 1 Region" examined apartment building data across 369 U.S. metro areas, specifically buildings containing 50 or more units.

More than 500,000 apartments are in development throughout the country this year, the report found, though that's significantly lower than the 640,000-plus units that were…

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"Where are new homes planned in the Austin metro?"

Austin Business Journal shares, "Some Austin suburbs promise new homes aplenty.

The Austin Business Journal reached out to the city of Austin and its 19 biggest suburbs to survey them on how many single-family homes they report in their development pipelines. Cities measure that differently, and the number includes counts at various stages of entitlement and construction. It's an imperfect science, but it helps gauge how cities are preparing for what's to come in their backyards.

Cities like Kyle (nearly 44,000 homes) and Georgetown (nearly 32,000) have robust pipelines. Taylor (about 8,500) and Buda (about 6,600) are next in line. Meanwhile, Cedar Park is nearing capacity and only reported 200.

Among the highest is Lockhart. The city grew…

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"Austin's affordable housing efforts could be thrown off by new Texas law"

Austin Business Journal reports, "A new state law set to take effect in the fall could throw a wrench in Austin’s plans to incentivize more affordable housing. 

That’s according to the director of Austin's planning department, Lauren Middleton-Pratt, who wrote in a July 28 memo to city leaders — as the city is updating its density bonus programs — that a new state law will require the city to re-evaluate how it incentivizes new income-restricted housing units. 

The new state law is Senate Bill 840, which was passed during the 89th Texas Legislature and allows for mixed-use residential housing on any land that’s zoned for office, commercial, retail, warehouse or existing mixed-uses without needing a zoning change approved by a city. The legislation,…

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"Homes hit the market in Georgetown’s Park Central neighborhood"

Community Impact shares, "Tri Pointe Homes, the developer and builder of the Park Central neighborhood in Georgetown, began selling single-family homes and townhouses in the new neighborhood this summer, according to a news release.

The details

Located on 77.8 acres near Patriot Way and SH 130 Toll, the neighborhood features 191 single-family houses and 256 duplex-style townhomes. Tri Pointe offers 18 floorplan options at Park Central, bringing home options that range from about 1,800-2,900 square feet.

In addition to the homesites, Tri Pointe plans to bring a number of amenities to the community, including a 10-acre community park with walking trails, a scenic pond and open green spaces.

Construction on a clubhouse and a pool is expected to begin this…

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"Hill Country Changes"

Austin Business Journal reports, "Thousands of trees have made way for the next phase of a neighborhood offering lakeside living.

ABJ Photojournalist Dave Creaney and his drone were out and about in the Lake Travis area recently, and in this neck of the woods he found notably more water than usual due to the weather but significantly fewer trees due to demand for housing.

Lakeside at Tessera has been rising in the Lago Vista suburb for a few years. Homebuilders include Coventry Homes, Highland Homes, Saratoga Homes, Toll Brothers Homes, Trophy Signature Homes and Westin Homes. A private boat dock and pool will be among the amenities.

The neighborhood is next to the Balcones Canyonlands National Wildlife Refuge, which is owned and managed by…

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"New Texas law restricting certain land sales may have major effect on real estate investment"

Austin Business Journal reports, "A new Texas law that restricts land sales to citizens and businesses from certain countries may negatively impact investment in the state after Sept. 1, commercial real estate experts said.

Senate Bill 17, which Texas Gov. Greg Abbott signed into law last month, prohibits “real property purchases” — including residential, with some exceptions, as well as commercial, industrial and agricultural land — to citizens of or companies headquartered in China, Iran, North Korea and Russia. The law also bans “other interests in real property,” which include easements, mineral and water rights, and leases of more than one year.

The governor may designate additional countries to the list. Permanent U.S. residents are…

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"New 55+ community breaks ground on 260 homes in Bastrop"

CultureMap Austin shares, "Del Webb, a Phoenix, Arizona-based builder specializing in "active adult communities," has broken ground on a new community in Bastrop — its first in the Austin area in more than 30 years. Del Webb Lost Pines will encompass 500 residences with resort-style amenities in early 2026 if construction sticks to its current schedule.

The community is a smaller area within a larger master-planned community called The Colony, part of which touches the Colorado River. The Lost Pines section is within the north side of The Colony, about a 10-minute drive to the river according to Google Maps. The new homesites are located along Republic Drive.

Over two phases of construction, Del Webb Lost Pines will have more than 500 residences…

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"As Austin aims to attract more life sciences companies, this suburb vies to be a hub for the sector"

Austin Business Journal shares, "Cedar Park, a suburb of roughly 78,000 people about 20 miles northwest of downtown Austin, has been courting life sciences companies in recent years. Enovis Corp. marks its biggest win, which picked the suburb for a 100,000-square-foot manufacturing facility that will create at least 162 jobs. But there also have been a handful of smaller victories, and observers contend the pipeline holds the potential for plenty more.

That has led Cedar Park officials to seek partners to build a life sciences cluster, according to Arthur Jackson, the city's chief economic development officer. It would be the center of a mixed-use development in the 215-acre former Lime Creek Quarry. The city acquired the unique property in 2015…

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