AUSTIN (Austin American-Statesman) – MileStone Community Builders is banking on the housing sector recovering from the recession after announcing multiple housing developments in Central Texas. And they're not alone.
The newly founded home builder expects to begin work on several projects this year, including a subdivision along East Riverside Dr. in southeast Austin. The $13.5 million community at Riverside and Faro Dr. will have 89 homes, with prices averaging around $175,000. Construction is slated to begin in October.
Four other communities are in the works from Milestone:
Sixty to 70 homes in the Round Rock 620/ Round Rock 2222 area near Lake Travis, averaging $300,000 in price.
Two projects in the South Manchaca/Slaughter Ln. area in south Austin, one with 80 to 100 homes priced from $150,000 to $200,000 and the other with 80 homes priced from the $140,000s to the $180,000s.
A 115-home luxury community at Parmer Ln. and Brushy Creek in the Cedar Park area, with prices starting from about $280,000 to more than $400,000.
Avalonpark Texas also began its own development, dubbed the Springs of Walnut Creek, near I-35 and Yager Ln. in the northern part of the city. Road and utility efforts for the 53 home sites, which are expected to be ready later this year, have been launched while an additional 56 sites will be made ready by mid-2012. The community will fall in the Pflugerville school district. Homes will range from the low to high $200,000s.
Standard Pacific Homes is nearing the completion of its 111-acre Avaña, with its model home expected to be open in the next two to three months.
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