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New housing developer launches with more than 1,000 units already planned
Heartwood Real Estate Group is a brand new firm but they already have multiple projects in the works according to Austin Business Journal. They have at least 1,000 units and 2 developments planned.
The first development includes townhomes off of South Congress called "The Reyna". It will be 1.5 acres and 16 homes. Each unit will range from about 1,000 square feet to more than 2,000 and prices will go in between $600,000 to $1 million and up. This project is expected to finish in 2023.
The second development that Heartwood is working on is in East Austin. This will be a 344-unit community that is reserved for residents earning less than 60% of the median family income level ($98,000 in the Austin metro in 2021 for a family of four) "These units will take part of the City of Austin's Affordability Unlocked program which incentivizes the creation of affordable housing and speeds up the permitting process." (KVUE)
photo from https://heartwoodrealestate.com/