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Bridging the gap between apartment renting, home ownershipBridging the gap between apartment renting, home ownershiphttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=157872017-02-16T06:00:00Z2017-02-16T23:30:00Z

​​​​​​​​​​PFLUGERVILLE, GEORGETOWN – As Austin and surrounding communities grapple with how to build enough housing units—and housing types—to handle the huge influx of people moving to the area, two upscale communities are being built for renters on the suburban fringe.

But instead of apartments, they will feature detached single-family homes.

AHV Communities has started construction on an 83-home property called Legacy in Pflugerville.

In addition, a 92-home property called Rivers Edge in Georgetown is also underway.

The two upscale communities are being built for renters on the suburban fringe—but instead of apartments, they will feature detached single-family homes.

The homes will range from three to four bedrooms and from 1,440 sf to 1,882 sf. 

The first units are expected to deliver in third quarter 2017.

Rents will be comparable for new two- and three-bedroom apartments in the area, meaning they will start somewhere above $1,600 per month, CEO Mark Wolf said.​

Both communities will function similar to managed apartment complexes, meaning renters won't have to mow the lawn and can report maintenance issues.

Austin Business Journal
Austin-Round Rock
Housing
http://www.bizjournals.com/austin/news/2017/02/08/new-neighborhoods-coming-to-austin-suburbs-bridge.htmlRead more at {Source}

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