Owen Holdings Begins Construction on Second, Third Phase of Austin MXU Community
Austin-based developer Owen Holdings Inc. has started construction on 220 new homesites in the second and third phases of Parmer Ranch, a 454-acre, residential mixed-use community in the north Austin suburb of Georgetown, TX.
Phase 1, consisting of 155 home sites, opened in summer 2021. Scheduled completion on the second and third phases is May of 2022. Owen Holdings also plans to launch construction on an additional 350 home sites in Q2 2022.
Also under development at Parmer Ranch is Parmer Park, a 10-acre open park that will offer hiking trails, a zip line and playground. Additional plans call for an on-site amenity center with a pool, and development of several community parks.
“We anticipated interest in our home sites when we first commenced Parmer Ranch two years ago,” said Joe Owen, president at Owen Holdings. “Brisk sales and unprecedented demand led us to start construction on new homes sites and on-site amenities well ahead of schedule.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.