GEORGETOWN, Texas — A Houston-based company that specializes in build-to-rent products is planning a new community in Georgetown.
Wan Bridge Group will build and operate Georgetown Heights, a community of duplexes that will be located at 512 Northwood Drive in Georgetown. The two-story duplexes will feature three- and four-bedroom plans between 1,400 and 2,100 square feet.
According to a report from the Austin Business Journal (ABJ), build-to-rent communities offer a middle ground between apartment living and a traditional master-planned community, and this model is gaining popularity in the Austin area as median housing prices hit $450,000 in September.
ABJ reports that Wan Bridge plans to break ground on 30 new build-to-rent communities in the Austin, Dallas and Houston areas within the next year. After that, the company's goal is 30,000 new homes across the state over the next five years.
Wan Bridge's CEO told ABJ that the company aims to deliver the first model home in the Georgetown community by February, but supply chain disruptions might affect the project's timeline.
Click here to view floorplans and models of the homes' exteriors.
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