Here are updates on three residential real estate projects making progress across the region.
Leander community adding homes
Developers of the massive Bryson master-planned community in Leander are set to release more than 400 lots to builders this year, the first 90 of were handed over last week.
The 520-acre community is being developed by Houston-based Johnson Development Corp., which bought Bryson from Crescent Communities in 2019. Builders in the new section include Chesmar Homes, Lennar and Perry Homes. Home sales will begin immediately, as demand for new homes pushes more buyers to lock in contracts well before homes are completed.
But it’s not just homes that are being built in the community — a new elementary school, part of Leander Independent School District, is under construction in Bryson. Developers are also finishing work on a new park, set to open later in 2022.
All told, the community will have about 1,500 homes at build-out.
Intracorp to break ground in Bouldin Creek
Early last year, the Texas office of Vancouver-based Intracorp Projects Ltd. bought the former location of the Slackerville retail center at 2209 S. First St. in Austin. Now, crews are expected to break ground Aril 7 on a condo community for the site.
The four-story community, known as One Oak, will be in the Bouldin Creek neighborhood. All told, the community will offer 106 homes — a combination of live-work units on the first floor, 88 standard condos and 10 penthouses.
The homes will start in the $400,000 range for a one-bedroom unit, according to the community’s pre-construction price sheet. Two-bedroom and live-work spaces will start in the $800,000 range, while the three-bedroom penthouses will all start at more than $1 million.
Sales have already begun and the developer reports strong buyer interest in the homes. The first residents are expected to move in at the end of 2023. Rastegar Property Company LLC had also been involved in the project.
Intracorp has been busy in Central Texas. The developer is also moving forward on the Congress Lofts at St. Elmo, a five-story mixed-use building with more than 139 homes and 3,800 square feet of commercial space. This comes on the heels of the company’s announced plans for Conrad Austin and Conrad Residences Austin, a 65-story hotel and residential tower.
Construction begins on downtown tower
Construction started in March on 321 West, a mixed-use skyscraper being developed by Tishman Speyer Properties LP and Ryan Companies US Inc.
The 58-story tower is set to include seven floors of office space — about 140,000 square feet — as well as ground-floor retail and 370 residential units. Residents will have access to a pool, a fitness center and a rooftop lounge, among other amenities.
This construction start was a bit later than originally anticipated. Builders expect construction to wrap up in late 2024.
