Georgetown Edition | July 2022

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A SINGLEFAMILY RENTAL TREND City ocials throughout Williamson County recently approved more than a dozen single-family rental communities. Those include:

WOLF RANCH PKWY.

GEORGETOWN

RIVERY BLVD.

HUTTO

HERO WAY W.

110

ED SCHMIDT BLVD.

ROUND ROCK

130 TOLL

1 Bell Yard Old Settlers Address: Old Settlers Blvd. and College Park Drive Units: 180 Construction: Sept. 2022-TBD Amenities: pool, full maintenance, pet-friendly, pa- vilion clubhouse, dog park, playground, trails, hiking, parkland 2 Chisholm Trail planned unit development Address: o Chisholm Trail Road Units: up to 113 Construction: 2021-22 Amenities: N/A 3 Oasis Round Rock Address: 8050 CR 110 Units: up to 360 Construction: early 2023-early 2024 Amenities: pool, gym, dog park, playground and pocket parks 4 Stillwell Address: College Park Drive and CR 112 Units: up to 225 Construction estimation: 2022-24 Amenities: N/A 5 Urbana at Meadow Lake Address: 3251 Blus Landing Way Units: 248 Construction: June 2022-June 2024 Amenities: clubhouse, resort pool, dog park, full main- tenance, lake and park adjacent

E. OLD SETTLERS BLVD.

1431

LAKELINE BLVD.

A.W. GRIMES BLVD.

E. PALM VALLEY BLVD.

ROUND ROCK

E. PFLUGERVILLE PKWY. 7

PFLUGERVILLE

1660

130 TOLL

45 TOLL

MAP NOT TO SCALE N

MOPAC

and development in Round Rock. Wiseman and other local real estate professionals and experts agree that a diverse range of housing options is good for economically diverse popula- tions. Given the high demand for that type of hous- ing coupled with soaring mortgage rates in the area, many experts agree it is likely the single-family rental community trend will continue. “You get a lot of the qualities of a single-family type neighborhood without the … expense, the mortgage— everything that goes with owning a house,” Wiseman said. “You get a lot of benets without a lot of the inhibitors to getting in that single-family house.” The single-family rental boom Anna Postelle, a resident at the Legacy single-fam- ily rental community o of Pfennig Lane in Puger- ville, said there are several benets to her situation. For Postelle, a major benet of living at Legacy is the exibility it provides her. She said she also likes not having to worry about paying a mortgage and all of the responsibility that comes with ownership, including home maintenance and repairs. “I’ve lived in multifamily apartments, and they’re great,” Postelle said. “But when given the option to have more square footage and a grassy area—I have LEANDER 11 Urbana at Hero Way Address: o Hero Way West and North Lakeline Blvd. on the southeast corner Units: approx. 160 Construction: est. Q4 2022-Q4 2024 Amenities: clubhouse, resort pool, dog park, full maintenance 10 Urbana at Cottonwood Creek Address: Front Street and CR 132 Units: up to 310 Construction: late 2022-late 2024 Amenities: clubhouse, resort pool, dog park, full maintenance

GEORGETOWN 12 Oasis Georgetown Address: 2211 Westinghouse Road Units: up to 180 Construction: early 2023-early 2024 Amenities: pool, gym, dog park, playground, pocket parks 13 Summit Brownstones Address: 1450 Rivery Blvd. Units: 59 four-story brownstones with rooftop terraces and private elevators Construction: June 2021-Dec. 2022 Amenities: swimming pool, tness center, outdoor space with seating and barbecues, dog park, full maintenance a dog, I love my dog and want my dog to be able to go out in the backyard. I enjoy that aspect of my life- style—so that’s a plus, too.” Since mid-2020, city ocials throughout William- son County have approved several new single-fam- ily rental communities, the majority of which will have units ready to rent by late 2023 or early 2024. Collectively, they will bring well over 2,000 new rental homes to the area. Two of those communities, called Oasis Round Rock and Oasis Georgetown, will bring up to 540 units combined with a large percentage of sin- gle-family detached homes accounting for the inventory. Matt Shaezadeh, principal at Urban Genesis, a realty company that produces Oasis, said his com- pany’s single-family rental housing community is oriented to solve the issue that he believes many people are facing right now, including aging millen- nials and “downsizing” baby boomers. “They want to live in a [single-family] home, but they can’t aord it, or they don’t have a deposit,” Sha- ezadeh said. “Particularly, with what’s unfolding in our economy with where mortgage rates are, [this] is why we’re designing this product in the rst place.” Shaezadeh said when the Oasis units in Round

PFLUGERVILLE

6 Cameron 96 Address: Cameron Road and east of Weiss Lane and

west of 1849 Park Units: about 260 Construction: est. late 2022-late 2024

Amenities: clubhouse, resort pool, dog park, full main- tenance, greenbelt with trail systems that will connect with Pugerville trail system 7 Legacy Rental Homes Address: 1108 Legacy Drive Units: 83 Construction: completed in 2017 Amenities: pet-friendly, 24-hour maintenance, pool, gym, clubhouse

HUTTO

8 Bell Yard Farley Farm Address: 1616 CR 137 Units: 219 Construction: July 2022-TBD

Amenities pool, full maintenance, pet-friendly, pavil- ion clubhouse, dog park, playground, trails, hiking, 6 acres of parkland 9 Bell Yard Schmidt’s Creek Address: Ed Schmidt Blvd. and Emory Farms Avenue Units: 243 units Construction: Dec. 2022-TBD Amenities: pool, full maintenance, pet-friendly, pavilion clubhouse, dog park, playground, trails, hiking, parkland

NOTE: THERE ARE NO SINGLEFAMILY RENTAL COMMUNITIES IN CEDAR PARK.

SOURCES: ASPEN HEIGHTS, CITY OF PFLUGERVILLE, CITY OF ROUND ROCK, NOVAK CONSTRUCTION, URBAN GENESIS, URBAN MOMENT COMMUNITY IMPACT NEWSPAPER

COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM