A big announcement was made for the planned development of Presidio Austin. Houston-Based home builder David Weekley Homes announced the firm has purchased 15 acres of land near Lakeline Mall in the Cedar Park area. The plan? To build 180 new, high-end townhouses in the Presidio Austin development.
Welcome to Presidio Austin
Construction on the Presidio Austin townhomes are scheduled to begin by the third quarter of 2017, with home prices ranging from $300,000 to more than $500,000. Staying true to the style that David Weekley Homes are known for, interested buyers can expect the townhomes will be designed to be energy-efficient with private yards, open floor plans, and site amenities including a pool, pavilion, and open space.
Presido Austin is a 130-acre master-planned, mixed-use development, adding five million square feet of commercial and residential use to Cedar Park. Because the site is zoned at a planned development, buildings are meant to share architectural standards such as similar color tones and masonry. There is an additional requirement for each project to be connected by new parks and trails and have limited connection to Parmer of Austin, encouraging residents to park and walk to difference locations.
The first phase of the development began in 2015, which included an extension of Lakeline Mall Boulevard and the addition of a roundabout at Lakeline Mall Boulevard and Lynhurst Drive, connecting Texas 45 with the commuter rail station.
Cedar Park is working hard to bring modern amenities to the area while maintaining the small town feeling that residents love. This "Urban-Suburban" community style will be the focus behind the Presido Austin development, offering residents the live/work concept that is a growing trend in today's communities. Presido Austin will feature:
6,000 square feet of restaurants
16,000 square feet of shopping
Two new hotels
100 new hotel rooms
16 new four-level apartment buildings
And the recently announced 180 high-end townhomes
Who Is David Weekley Homes?
David Weekley Homes, founded in 1976, has a reputation for inspired customer service and providing a home building experience that is second-to-none. Operating in 22 cities across the country, David Weekley Homes is the largest privately held homebuilder in the U.S. and the first builder to be awarded the Triple Crown of American Home Building, which includes "America's Best Builder," "National Housing Quality Award," and "National Builder of the Year."
David Weekley Homes are built with exceptional quality, innovation, and thoughtfully designed floor plans. They are committed to homes that are energy-efficient, and are backed by the Environment for Living Program's Heating and Cooling Energy Usage Guarantee.
With their headquarters located in Houston, David Weekley Homes understands Texan communities and what Austinites care most about. That's why their decision to build these townhomes are so important to the Austin community.
What Does Presidio Austin And The New Townhomes Mean To Austin?
Residents can expect to see more positive growth in the Austin community. Since Austin was named the best metro city to live in in the country, there's no question as to why the population in Austin has been steadily increasing for the past several years. This increase has recently put a strain on the housing market but with the additional apartment buildings and 180 new Austin townhomes, this will certainly hlep to relieve the strain on the housing market.
As Austin's population increases, there is a following increase the number of job opportunities available, and with such vast commercial space plotted in Presido Austin, there is no question that this will open up space in the job market. It's projected that there will be 75 new office jobs with an average salary of $80,000 created from this new development with countless more opportunities arising from the hotels, retail stores, and restaurants.
The Cedar Park is expected to see an economic boost as well. The pattern follows that will the addition of dining, shopping, and tourism in an area, there is an increase in local spending.
The development is expected to bring exciting and positive outcomes to the Cedar Park and Austin area. With the increase in living space, expected employment opportunities, and David Weekley Homes commitment to building energy-efficient Austin townhomes and continuing the communities theme of walkability, Presidio Austin is a highly anticipated addition to the area.