Grossman & Jones Real Estate Blog - new construction

"Your dorm didn't look like this"

Austin Business Journal writes, "Move-in started Thursday at a luxury apartment complex across the street from from Ohio State University.

Rambler Columbus is the first development in the state by Austin-based LV Collective, following three years of construction. The seven-story, 407,500-square-foot complex at 222 W. Lane Ave. has 379 units for a total of 889 beds, with average per-room rent of $1,500.

"I would have loved to live here," said Brenna Voye, leasing and marketing manager, an OSU graduate, who had lived in dorms, a sorority and an off-campus house.

Daydreamer, a coffee shop in the lobby, will open to the public in late August. Victory Lap, a ground-floor bar and pizzeria, is still under construction, and there's a retail space…

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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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"The National Observer: Real Estate: National housing market continues shift to buyers"

Austin Business Journal writes, "The housing market has seen a decent amount of shifting this year amid broader economic uncertainty and an uptick in inventory.

While new listings and home construction are welcome news in a market that's been starved of inventory for years, there are still a lot of challenges for both buyers and sellers.

The national median profit margin on home sales fell to 50% in the first quarter of this year — down 3.2 percentage points from the fourth quarter of 2024 and down 4.8 points from the first quarter of 2024, reports The Business Journals' Joanne Drilling. It's also down from 64% in 2022.

As I get into in today's lead story, the changing housing market has had some sellers rethink how much they list their homes…

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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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"Austin homebuyers gaining negotiating power"

Austin Business Journal writes, "Homebuyers in the Austin area are gaining the advantage as competition heats up among sellers.

The metro's housing inventory continues to hover around the six-month mark and new listings have increased 43.6% year-over-year to 17,662 active home listings, according to Unlock MLS’s latest market report. However, the median sale price of a home in Austin in June was flat at $450,000 compared to the same time last year.

“We’re not 100% in a buyer’s market, but we’re pretty close,” said Brandy Wuensch, 2025 Unlock MLS and Austin Board of Realtors president. “Buyers definitely have more power to negotiate and get a lot more favorable terms from sellers in terms of closing costs.”

Sellers are having to become more…

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"Surf parks, clear lagoons to surround Austin"

Austin Business Journal writes, "To the north and west, huge Carribbean-like lagoons fit for swimming and paddle boarding. To the south and east, a couple of surf parks.

There are four grand plans to bring big water features to new neighborhoods outside Austin. If they all come to fruition, Austinites can find them in any direction they drive.

The four new neighborhoods — at varying stages of development — have been chronicled in previous ABJ stories.

To the north is Leander Springs, a long-delayed lagoon project that developers said is finally moving forward soon.

Down south, in the tiny suburb of Mustang Ridge, the forthcoming Pura Vida neighborhood promises to deliver surf-worthy waves as the centerpiece for its development.

To the…

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"Legislative wrap up: Texas passes key housing bills"

Austin Business Journal writes, "The most recent Texas legislative session saw a slate of measures passed to make it easier to build more housing across the state. 

Some of the laws that were changed include allowing smaller and ideally more affordable homes to be built, expanding where housing in the state could be built and making it harder for housing developments to be killed in the approval process. 

While the Texas Legislature and its process is known for killing more bills than they pass, the 89th legislative session proved to be a “really strong” one for housing and affordability, said Julia Parenteau, the director of public policy for Texas Realtors. 

“We did anticipate that housing affordability, in particular, was going to be…

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"2 big apartment complexes pegged for North Austin"

Austin Business Journal reports, "Two big multifamily projects are in the works for North Austin.

Developers have filed plans with the Texas Department of Licensing and Regulation for two projects that would see almost 800 residences and more than one million square feet of new development built over the next two years. They're planned at a time when the city is grappling with elevated vacancy rates in its multifamily market, but there's a hope that by the time they're delivered, the market will be in a healthier place.

Brockton Residential

The first of the two new North Austin projects is called Brockton Residential. From Atlanta-based Portman Holdings, the project is being planned at 2545 Brockton Drive, according to the TDLR filing.

The…

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"$2B master planned community coming to fast-growing Caldwell County"

Austin Business Journal reports, "Austin developer Wilson Capital hopes to start development of a 932-acre master-planned community in Lockhart as early as the fourth quarter of this year. It's estimated to cost $2.15 billion.

The community, called Blue Sky, will rise on 932 acres along State Highway 130 southwest of Lockhart, according to an announcement. With thousands of homes plus commercial and medical space — and a school — planned, the community will represent major growth for one of the fastest-growing counties in the nation, Caldwell County.

Once fully built out, Blue Sky will have more than 3,650 single-family home sites. The first phase of development is expected to begin late this year or early next year with construction of the…

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