News Summary
Avilla Berry Creek, the largest luxury build-to-rent community in Georgetown, Texas, is underway. Spanning a 25-acre site, this $66 million development will feature 224 cottage-style rental homes with various layouts and amenities, including a pool, clubhouse, and dog park. Set to welcome residents by March 2025, this project aims to meet the growing housing demands in the rapidly expanding city, known for its historic charm and vibrant community.
Exciting New Development in Georgetown: Avilla Berry Creek
Georgetown, Texas, is buzzing with excitement over a new construction project that promises to redefine luxury living in the area. Avilla Berry Creek, the largest luxury build-to-rent community in the city, is officially underway, thanks to the efforts of Mosaic, a leading general contractor in the build-to-rent sector!
What to Expect from Avilla Berry Creek
Located on a sprawling 25-acre site, Avilla Berry Creek is set to feature a total of 224 cottage-style rental homes. Whether you need a cozy one-bedroom or a spacious three-bedroom layout, this community has got you covered. The rental homes will range from 690 to 1,265 square feet, making them perfect for individuals, couples, and families alike. Each home will boast its own private backyard and front patio, offering residents a slice of outdoor paradise right at their doorstep.
Amenities Galore!
But there’s more! The community will feature an array of exciting amenities designed to enhance residents’ quality of life. Imagine taking a leisurely dip in the sparkling pool on a hot summer day, hosting friends at the clubhouse, or tending to your plants in the community garden. And for the furry family members, a dog park is also part of the offerings! Not to mention the open spaces that invite leisurely strolls or picnics with friends. It’s the perfect blend of relaxation and recreation!
Economic Impact and Timing
The project is expected to have a hefty price tag of approximately $66 million, but for a booming city like Georgetown, this investment is seen as a key driver for further growth. Residents can look forward to moving into Avilla Berry Creek by March 2025, and data suggests that the timing is just right. In the Austin metropolitan area, the average monthly cost of owning a home is steep at around $3,801, while high-end rentals hover at about $2,951. This makes renting, especially in such an attractive development, a very appealing option.
Georgetown: A Flourishing Community
With a population of around 105,499, Georgetown has experienced remarkable growth over the past few years. It has held the title of the fastest-growing city in the United States among populations above 50,000 for two consecutive years, noting an impressive annual growth rate of 9.54%. This surge in population is not just about numbers; it’s indicative of a thriving economy and a demand for housing that developments like Avilla Berry Creek are set to meet.
A Snapshot of the Real Estate Market
The real estate market in Georgetown is buzzing, with the median home price currently at about $499,900, reflecting a 4.1% increase from last year. Renting is also gaining traction as the average rent for a two-bedroom apartment comes in at around $1,760 monthly. With such compelling rental options blossoming in communities like Avilla Berry Creek, it’s clear that many are opting for a rental lifestyle over purchasing a home.
Georgetown’s Community Vibe
What makes Georgetown even more inviting is its blend of historic charm and modern amenities. The scenic downtown area will steal your heart with its stunning Victorian architecture and lively annual events like the Red Poppy Festival. Add a robust healthcare system that includes major providers like Baylor Scott & White Health, and you can see why so many are eager to call this city home.
And let’s not overlook the vibrant arts scene, bustling with local galleries, live performances, and a calendar full of exciting festivals. From historic neighborhoods to popular areas like Sun City, there’s a piece of Georgetown that suits everyone!
With the groundbreaking of Avilla Berry Creek, Georgetown is truly stepping into a bright future filled with opportunities, community spirit, and luxurious living spaces. Whether you’re looking to rent or simply admire the evolution of this charming city, there’s certainly a lot to be excited about!
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Additional Resources
- Community Impact: Over 600 Homes Coming to Georgetown, Liberty Hill in 2025
- Wikipedia: Georgetown, Texas
- Wilco Sun: Georgetown Welcomes New Industrial Business Park Near Airport
- Google Search: Georgetown Texas New Development
- Business Wire: Mosaic Breaks Ground on Largest Build-to-Rent Community in Georgetown, Texas
- Google Scholar: Build to Rent Communities
- Community Impact: Berry Springs Park and Preserve in Georgetown Temporarily Closes for Renovations
- Encyclopedia Britannica: Georgetown Texas
- Multi-Housing News: NexMetro & Mosaic Break Ground on Austin Area Community
- Google News: Georgetown Texas Housing Development
