As the white-hot housing market shows little indication of cooling down, those wanting to put down roots in the Lone Star State will have an opportunity to purchase their own Texas oasis just a short 40 minutes away from Austin.
NuGrid Properties announced its purchase of 45-acres of buildable land off of Highway 290 with plans to develop a live, work, play community.
NuGrid’s plan includes 180 cottage-style homes complete with green spaces, pocket parks, and a clubhouse that will comprise the community. In addition, NuGrid will feature a pavilion and gathering flex space ideal for pop-up markets and events.
Electrical vehicle (EV) charging will also be available for the public, as more commuters driving EVs make their way through the Hill Country and its surrounding visitor attractions.
Working with a team of industry veterans, engineers, and prop-tech experts for site development and sales, NuGrid aspires to create a forward-thinking community blended with the latest trends in real-estate, homeownership, construction, and technology conducive to affordable homes with low operating expenses.
"Starting my career in the solar industry back in 2016, it has become clear that many things are not being done correctly in-home efficiency, including the actual construction, and this gives us a big opportunity for improvement," Drew Goodman, President of NuGrid Properties, said in a press release.
Construction of the model home is currently underway and is expected to be completed in the fall of 2021, with the home’s frame being built using structural insulated panels (SIP’s) that require less energy to heat and cool. Also included as the home’s major systems are solar panels, energy storage, LED lighting, heat pump water heating, heat pump HVAC, rain catchment, and a software management package.
Presales are expected in late 2021, with the average price tag for the homes falling in the range of $249,000 to $549,000, with 1-, 2-, and 3-bedroom models planned.