Arizona-based Empire Group has acquired 30.6 acres in the northern Austin suburb of Hutto for the construction of 276 built-to-rent units, to be called The Village at Hutto Station. The project will be situated east of Texas State Highway 130 and north of County Road 138. The $11 million sale was brokered by Josh Cameron and Hal Guggolz of Land Advisors.
This is the Empire Groups first venture in Texas, “Empire Group successfully developed its Village brand of build-for-rent communities in Arizona, and we recognize there’s demand for single-family rental homes in other growing cities,” said Empires’s Geoffrey Jacobs.
The rental community will offer one, two and three-bedroom homes with private backyards, a community pool, outdoor grilling areas, a fitness center and a community clubhouse. The Empire Group said rent will start around $1,600 for one-bedroom units, $2,000 for two-bedroom units and $2,200 for three-bedroom units.
Construction is slated to begin in the first quarter of 2023.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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