DEVELOPMENT BRIEFS
Projects underway in the Georgetown area
COMPILED BY GRANT CRAWFORD
First of 2,500 homes built in Parkside on the River with more planned on 1,500 acres Around 150 residents have moved into homes at Parkside on the River in Georgetown, where devel- opers and builders continue to add new houses on the 1,500-acre subdivision. Situated between the San Gabriel River and RM 2243—also called Leander Road—the mas- ter-planned community has a little over 2,500 single-family lots planned for the site. Amy Payne, senior project manager for Blake Magee Co., said projects such as this one—which began in 2018—typically take about 15 years. About 200 homes are already built with Coven- try Homes, Highland Homes, M/I Homes, Perry Homes and Taylor Morrison working on the site. While students in the area will be split between Leander ISD and Georgetown ISD, plans for a GISD elementary school are in the works. GISD con- rmed the district owns land, but said there is no timeline to build a school. Developers will put in a trail to connect to Garey Park, and commercial and multifamily tracts are planned along Leander Road. “It’s also going to have a pretty large river park that’s dedicated to the public,” Payne said.
City observes year-over-year dip in development revenue The city of Georgetown’s planning and devel- opment revenue has slowed in the rst quarter of scal year 2022-23 due to a “signicant decrease in the number of residential building permits issued,” according to the city’s nance reports. The revenue—which comes from residential and commercial building permits, inspection fees and other development services—was down nearly 18.6% compared to the same time last scal year, which could indicate a decline in new houses. DEVELOPMENT DOLLARS Residents could see fewer new houses coming online as nancial records re ect the city has collected less money so far this scal year from building permits, inspection fees and other development services.
PLANNING PARKSIDE ON THE RIVER
Once fully built out, the Parkside on the River subdivision will include more than 2,500 houses, a Georgetown ISD school and a large public park. Multifamily units and commercial uses will be located along Leander Road.
KEY
Future GISD Elementary School Commercial use
Parkside on the River San Gabriel River Park
Green space
Multifamily
Housing
$2.5M $2M $1.5M $1M $500K 0
Q1
2021-22
2022-23
N
SOURCE: CITY OF GEORGETOWNCOMMUNITY IMPACT
SOURCE: BLAKE MAGEE CO.COMMUNITY IMPACT
CELEBRATING OVER 30 YEARS IN TEXAS
Build On Your Lot Program 98% Customer Recommended Flexible Floor Plans 10-Year Structural Warranty Nationally Recognized Energy Program New Homes From the Upper $400s
LAKESIDE AT GEORGETOWN
PARKSIDE ON THE RIVER
WOLF RANCH
CoventryHomes.com
Prices and availability subject to change without notice.
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GEORGETOWN EDITION • APRIL 2023
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