Luxe Austin Homes - neighborhood

"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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"Metro's fastest-growing neighborhood to add another 1,000 homes"

Austin Business Journal writes, "Liberty Hill’s Santa Rita Ranch just keeps growing.

The sprawling 3,700-acre development — where more than 4,000 homes have been sold — is already the region’s fastest-growing neighborhood. Now, 1,000 more homes are going to be added to the community, according to an announcement.

Perry Homes will build the new homes in an area called Eldorado Village. They'll rise on 50-, 60- and 70-foot lots, with 66 different floor plans available to buyers. Floor plans will range from 2,100 square feet to 4,891 square feet.

“We’re particularly excited about Eldorado Village because of its location in the community,” stated Santa Rita Ranch developer Ed Horne. “These homesites are situated on some of the highest points in…

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"RAINEY STREET 3.0"

Austin Business Journal writes, "Austin’s Rainey Street is about to emerge from a construction cocoon — solidifying its longtime transformation from a once sleepy, residential street into one of the densest areas in Texas, if not the country.

The district in downtown Austin has been years in the making. It was a hub of late-night entertainment and barhopping in the 2010s, and a flurry of high-rise construction in recent years has made it difficult for bars and businesses to bring in patrons.

Once the dust settles, however, the new Rainey Street Historic District will become its own ecosystem. Thousands will call the area home, in addition to a mixture of hotels, offices, retailers, restaurants and a host of both daytime and nighttime activities.…

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"New build-to-rent neighborhood aims to inject housing into fast-growing Leander"

Austin Business Journal reports, "A new build-to-rent neighborhood is opening in one of the fastest-growing neighborhoods in Leander.

Tricon Residential Inc., part of Blackstone Real Estate’s portfolio, is opening Tricon Bryson — a build-to-rent neighborhood consisting of 155 single-family homes — within Leander's wider Bryson development, according to an announcement. The new neighborhood will add to the region’s rental housing supply in Leander, where the U.S. Census Bureau estimates the population has more than tripled since 2010.

“There’s a tremendous need for more housing overall, and every day it’s harder and harder to get a new neighborhood approved and permitted and ready to go, whether for rent or for sale,” said Andy Carmody, senior…

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"D.R. Horton could bring around 1,500 homes to Bastrop"

Austin Business Journal shares, "The busiest volume homebuilder in the region plans to bring around 1,500 homes to a small town outside Austin.

Bastrop City Council was shown new plans for a public improvement district called Valverde on Aug. 13 that could be valued at $557 million at full buildout. The property is owned by D.R. Horton Inc. through its Continental Homes of Texas LP subsidiary, according to property records.

The Valverde plans are the latest evolution of a project that was formerly called Viridian, which was also a D.R. Horton project.

Valverde would rise on 399 acres north of State Highway 71, and plans call for both single and multifamily development. In a statement, D.R. Horton Austin Division President Scott Wilburn…

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"Sustainable East Austin community Whisper Valley gains new international homebuilder"

Austin Business Journal reports, "The latest homebuilder to get involved in East Austin’s Whisper Valley neighborhood — a Central Texas epicenter for innovation in sustainable housing — is pushing the limits of how quickly a home can be built.

Kosovo-based InstaBuilt LLC will build its first U.S. homes in Whisper Valley and also is establishing its North American headquarters in East Austin, according to a July 1 announcement.

The company's homes, which will take advantage of Whisper Valley’s geothermal and solar capabilities, are manufactured off-site and then assembled on-site in eight to 12 hours. Because of the technologies it uses, it's able to construct in an energy-efficient manner at a lower price than the average in Austin, InstaBuilt…

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"New micro home neighborhood could help with affordability"

Austin Business Journal shares, "A development of over 200 “micro homes” is coming to San Marcos soon. 

Earlier this month, Casata broke ground on what will be a community of 210 tiny homes ranging from 500 to 800 square feet. Casata CEO Aaron Levy said this will be the largest community of micro homes in the region and potentially in the U.S. 

The community, which is about three miles north of San Marcos, will have several dog parks, six acres of trails and park space, a pool, a gym and much more. Levy said people will likely move into the new neighborhood in summer 2025.

Our partners at KXAN News have more here on Casata's micro-home project.

In 2021, the Austin Business Journal reported on plans by Casata, an Austin-based startup,…

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"Buda's Sunfield is metro's fastest-growing neighborhood"

Austin Business Journal reports, "Buda’s Sunfield is the fastest-growing neighborhood in the metro, nabbing the top spot after leapfrogging from the No. 8 position in 2023. See the list below this article.

Scarborough Lane Development’s Sunfield, a 2,795-acre master-planned community, earned first place on Austin Business Journal’s latest list of fastest-growing neighborhoods with 470 home starts last year. The list is based on data from real estate company Zonda.

There are eight homebuilders active in Sunfield, where homes can be purchased at prices much lower than the average home in the metro.

While Sunfield’s 470 home starts was an increase over the 291 home starts reported on our 2023 list, many neighborhoods saw a decrease in home…

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"Related Cos. envisions high-rises in mixed-use hub along South Congress"

Austin Business Journal reports, "a New York-based real estate development firm is planning to transform a 6-acre site at the intersection of South Congress Avenue and West Riverside Drive with high-rise towers — the latest indication that Austin's downtown skyline is poised to expand across Lake Bird Lake.

The Related Cos. wants to establish a planned unit development with a maximum building height of 575 feet, or about 50 stories. The multitower project would include approximately 800 residential units, as well as a 225-room hotel, 200,000 square feet of office space, 90,000 square feet of retail space, 30,000 square feet of space for restaurants and a 25,000-square-foot grocery store, in addition to an underground parking garage, according to…

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"Austin’s HOME Initiative won’t change much — for now"

Austin Business Journal writes, "a new policy allowing up to three homes to be raised on some single-family lots is one of the most high-profile changes to Austin's land use code as it tries to combat high home prices and adopt a big-city mentality.

But experts said the program will not have a notable effect on the local housing market for the foreseeable future — plus, there's the specter of a lawsuit scaring some developers off.

The first phase of what's called the HOME Initiative launched Feb. 5. That's when homeowners and developers could start to submit applications. Landowners can either sell the new, smaller homes or they can rent them out. The impact of the change will only become measurable in the months and years to come, but the…

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