Georgetown Edition | February 2022

DEVELOPMENT UPDATES

Projects underway in Georgetown

COMPILED BY HUNTER TERRELL

COURTESY WAN BRIDGE GROUP

RENDERING COURTESY PARKSIDE ON THE RIVER

BUILDTORENT COMMUNITY IN GEORGETOWN PROGRESSES, MODELS EXPECTED IN FEBRUARY

LARGE DEVELOPMENT COMING TO FM2243 ON WEST SIDE OF GEORGETOWNNEAR LEANDER

and playground. “Amenities are selected based on individual market and preferences,” Qiao said. “But our houses themselves are the biggest amenity.” Due to material and labor shortages, Wan Bridge is unable to forecast project completion at this time. “Labor and supply shortages have been a big headache for the industry, but the fundamental challenge is meeting workload and market demands,” Qiao said. “Our solution is to be strategic, pay people on time, treat our new and past contractors fairly, uphold our relationships and our reputation.”

With the rst model home expected to be complete by the end of February, the Georgetown Heights neighborhood development has progressed as planned since breaking ground in November. Georgetown Heights, located at 512 Northwood Drive, is being developed by the Wan Bridge Group, a Houston-area builder and operator that has specialized in build-to-rent properties since 2016. “We saw a huge demand for build-to- rent communities in Central Texas,” Wan Bridge CEO Ting Qiao said. “The Austin market is one of the hottest, if not the hottest, housing markets in the U.S.” With several existing communities in Houston and Dallas, Qiao saw Georgetown as an opportunity to expand. “With Georgetown being rst, we have seven or eight other potential projects in our Austin pipeline,” Qiao said. “This represents 40%-50% of our entire market space.” Georgetown Heights will oer 50 pet-friendly, two-story, single-family, duplex-style homes with access to traditional amenities such as a dog park

$737,990. The site plan also includes an amenity center, a swimming pool and other outdoor amenities. The sales team at Perry Homes expects this to be a ve-year project, with its construction beginning by the end of March. According to the Parkside website, Taylor Morrison and Highland Homes are expected to complete their rst models by summer 2022. Coventry Homes will have plans vary from 2,082-3,613 square feet. More details on Parkside on the River are available at www.parksideontheriver.com

Parkside on the River is a 1,500-acre neighborhood being developed by several private builders, including Perry Homes, M/I Homes, Coventry Homes, Highland Homes and Taylor Morrison, on the San Gabriel River between Leander and Georgetown. Homes will vary in size between three to ve bedrooms, two- to four-car garages, and from 2,100-4,127 square feet, according to the Taylor Morrison website. The development will also feature commercial space along FM 2243 as well as multifamily construction along the south side. “This is a very large project for our developers,” M/I Homes Internet Sales Manager Ashley Thomas said. “We started selling our rst section in September, and our rst models will be complete by the end of February.” M/I, based in Columbus, Ohio, only has Parkside on the River as a North Austin project, but has two other properties in Manchaca, one in New Braunfels and another in Kyle. Highland Homes will oer nine oor plans ranging from $647,990-

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GEORGETOWN EDITION • FEBRUARY 2022