Sneak peek at one of our upcoming projects in Austin, made possible by Austin's HOME initiative.
3 homes where there was once 1, each sized for younger families and folks who normally couldn't afford to live in Brentwood.
And maybe most importantly... beautifully designed courtyards that bend around a few trees that have been there for over a hundred years.
@e_oreo This segment of the market is getting really squeezed by construction costs and interest rates (and mortgage rates) at the moment. Once those normalize, you'll see a lot more of these projects.
It's 3 homes, some families need 2 cars, some families (or singles) only need 1 car. The mix of home sizes here means the project appeals to a much broader segment of the market, much of which would prefer more home and less garage.
The market overall is much closer to a 1.25 parking ratio than 2.0 for neighborhoods this urban.
Also, bedroom counts are more applicable in a multifamily context, not here (respectfully).
If we went to 60-65% IC, we could more than double the number of lots that 3-home projects would work on.
But IC has a known solution, which is just to require on-site detention (that is less expensive than ponds/vaults) or build better stormwater drainage systems citywide. Most cities do this by default.
Or not provide for cars (but it's just not realistic at the moment).
@ElVerdeRican This one is on the larger side, >11,000 sf. We're doing similar layouts with smaller homes on around 8,000 sf.
Council's changes to building coverage will help a bit, but as always, the real limiter to doing this on smaller lots is not geometry... it's impervious cover limits.
@one9 Yes, the added flexibility in the code helped the developer tune the unit sizes (smaller) and hit a sweet spot in the for-sale market (younger families looking to live in a neighborhood with great schools).
This was impossible 3 years ago.
Then Austin passed the HOME initiative and now you can build 3 homes on any single-family zoned lot in Austin.
This is how you enable family-oriented housing in America.
@HowEPhil This was the first HOME project we did, things have evolved and improved a lot since then. Renderings for the Brentwood project will be coming soon!
"Small-multifamily" is the future of urban infill housing development.
These projects are faster to permit, more cost effective to build, and perfectly aligned with the next generation of housing demand.
On June 25th, we'll cover the key unlocks that make them work on tight, complex urban infill sites.
We hope you’ll join us!
https://t.co/qrfozgidna