Grossman & Jones Real Estate Blog - development

"First of Georgetown's 3D-printed homes hit the market"

Community Impact Austin writes, "a community of 100 homes being built with 3D-printer technology in Georgetown’s Wolf Ranch neighborhood reached a milestone July 22, when the first model home opened to the public.

What’s happening?

Construction technology company ICON, in partnership with homebuilder Lennar, architecture firm Bjarke Ingles Group and developer Hillwood Communities, has been steadily printing walls using its Vulcan robotic construction systems since the project was announced in November. With the first model home now completed, the group has begun selling its tech-forward houses with the first residents set to move in this September.

A closer look

The 3D-printed homes are made out of ICON’s proprietary cementitious mix, Lavacrete. The…

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"Tri Pointe Homes developing neighborhood of its own"

Austin Business Journal reports, "Tri Pointe Homes Inc. broke ground earlier this month on its first Georgetown neighborhood, the developer announced July 12.

The neighborhood, called Park Central, will bring more than 400 single-family and attached homes to the fast-growing city north of Austin from Tri Pointe (NYSE: TPH), a national homebuilder that is one of the busiest in the region. While Tri Pointe's Austin division has jointly developed communities in Central Texas, Park Central will be the first community it self-develops on its own, Division President Bryan Havel said in an email.

Park Central is rising on 77.8 acres at Sam Houston Avenue and Bell Gin Road in southeast Georgetown. Homes will sit on 45- and 50-foot lots and range from…

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"New development company behind project on Williams Drive in Georgetown"

CommunityImpact Austin writes, "Savvy Development, a new development company working in Williamson County, is spearheading its first project on Williams Drive in Georgetown.

The 24-acre site located at 4775 and 4795 Williams Drive will include multifamily housing, restaurant, retail and office space, said Travis Wilkes, Savvy Development co-founder and chief operating officer.

Diving in deeper

Wilkes said Savvy has owned the Williams Drive property for about a year and half.

During that time, the company sold 9 of its 24 acres to Georgetown real estate company Novak Brothers, which plans to build a 216-unit apartment community on the site, he said. Novak is scheduled to begin construction Oct. 28.

Additionally, Savvy sold one other piece of the…

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"Austin booms as No. 7 U.S. metro for new home construction in 2023"

CultureMap Austin writes, "Austin already has one of the most active real estate development markets within the last decade and holds a top 10 rank for the most built-to-rent homes. Now, the Austin metro area has now earned another top 10 spot for the seventh-highest new home construction rate in 2023, according to a recent analysis by Chamber of Commerce.

The booming housing construction is just one way Austin is trying to keep up with its remarkable population growth.

The June 2023 edition of the "Cities with the Most New Homes" analysis discovered that despite new home permits being down over 20 percent year-over-year from 2022, the state capital's housing market is still on the rise.

"Numerous factors such as limited inventory in the…

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"3 new developments in the works in New Braunfels"

CommunityImpact Austin reports, "the following three developments are under construction in New Braunfels, bringing more multifamily and retail spaces to market.

Equinox Townhomes

Construction is underway on a 122-unit townhome development on 10 acres next to the future site of Mission Hill Park along Independence Drive near West Hwy. 46. The developer, Grocapitus Investments, is producing them as two-, three- and four-bedroom rental units.

Space: 122 units; 1,032-1,425 square feet each

Timeline: spring 2023-TBD

The Devereaux Apartments

A new multifamily apartment complex is being constructed off of Loop 337 at 1661 Independence Drive, New Braunfels. Contractor Blazer Building said the apartments will be eligible for U.S. Department of Housing and…

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"Developer eyes 722-acre lakeside development near Lake Georgetown"

Austin Business Journal reports, "a Wyoming-based developer is eyeing a 722-acre development in Georgetown that could bring 1,500 homes and a 15-acre resort hotel to the west side of Lake Georgetown.

While the project is still in its initial stages, representatives from Zovest Capital LLC on June 27 presented a proposal to the Georgetown City Council to support creating a municipal utility district for Lakeside Estates, which would be next to Santa Rita Ranch in the city's extraterritorial jurisdiction. The Santa Rita Ranch neighborhood is still being built out, but it's already one of the biggest neighborhoods in Central Texas.

Zovest's development would add upscale single-family housing to what has been the fastest-growing city in the United…

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"EVK Homes plans 40-acre neighborhood in Taylor with spectrum of housing"

Austin Business Journal reports, "a couple of Taylor residents aim to bring a new subdivision to life in their town that features a variety of housing types.

Taylor-based EVK Homes LLC — owned by married couple Geraldo Reyes, a Taylor native, and Elizabeth Krueger — hopes to build a 40-acre subdivision on the northern edge of the Williamson County city. It would add 174 homes in a city expected to see tremendous growth in the coming years, in part because of the massive factory that Samsung is building there.

The development, to be called North Village, would feature single-family homes, townhouses, cottages and fourplexes for purchase, Krueger said. Additionally, some single-family homes would come with one-bedroom accessory dwelling units…

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"Family-owned developer plans North Austin townhomes"

Austin Business Journal shares, "luxury townhomes could soon be coming to North Austin from a local, family-owned builder and developer.

Cedar Park-based PrimeHaven Homes LLC is navigating the permitting process for its Sonora project on Kramer Lane but leaders hope to break ground at the start of 2024, said Naeem Mahesania, one a partner in the company.

Sonora would rise on four acres at 1517 Kramer Lane and 10620 Macmora Road. Each lot is occupied by a single-family dwelling, and the homeowner at 1517 Kramer also operated a chiropractic office on the property.

"The homeowner was a chiropractor for our family, and we’ve been asking him to sell it to us for years," Mahesania said. "Finally, he decided to retire this year, and I’m thankful he…

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"Massive luxury community set to break ground west of Austin"

Austin Business Journal reports, "the first phase of construction on Thomas Ranch, a 2,200-acre luxury community near Spicewood, is set to begin later this month.

Salt Lake City-based developer Areté Collective LP plans to break ground June 15, according to an announcement from late May. The first-phase neighborhood will be called Loraloma and have more than 400 homes and a golf course — although a builder is still needed.

Loraloma will be home to about 450 cottages, villas, estates and custom homesites, said Joe Rentfro, Thomas Ranch managing director.

"Our intention was to cater to a wide variety of individuals seeking a fresh take on Hill Country living without sacrificing the culture that rests at Austin’s core," Rentfro said.

To that…

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"Luxury residential community coming soon to San Marcos"

Community Impact reports, "Alta Center Point, a luxury residential community located at 625 Gregsons Bend, is being built in San Marcos.

The multifamily residential community is being developed by Wood Partners and Pursuant Ventures Development, led by Tyler Sibley and will offer 330 apartment homes with a mixture of one-, two- and three-bedroom floor plans.

Alta Center Point will have a resort-style pool, outdoor kitchen and a dog park along with a clubroom. Residents will also have access to a high-tech fitness center, conference area with multiple personal workspace offices and a variety of entertaining spaces.

According to Donya Mansoorian, an assistant account executive for the Wood team, the development anticipates opening its first unit in the…

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