search

The Real Deal Logo

Trending

Arbor modifies $1.9B in loans as delinquencies keep risingArbor modifies $1.9B in loans as delinquencies keep risingRoscoe Village sellers first to try removing buyer agent commission Roscoe Village sellers first to try removing buyer agent commission Whole new world: How NYC values 421a, 485x sites nowWhole new world: How NYC values 421a, 485x sites nowJLL tapped to market Gas Company Tower in DTLA for saleJLL tapped to market Gas Company Tower in DTLA for sale
Development
Austin

Johnson Development heads to Austin ‘burbs

Houston-based outfit eyes 1,000+ home project in Georgetown

Johnson development's Michael Cox with plans latest for master-planned community Nolina (Johnson Development Services, Getty)
Johnson development's Michael Cox with plans latest for master-planned community Nolina (Johnson Development Services, Getty)

Surprise! Johnson Development is planning another 1,000+ home community in Texas.

At the start of this year, the Houston-based developer announced a 3,000-home project in Fulshear-Katy, making it responsible for three of five projects in the suburban area 40 miles west of Houston. Five months later, it got started on adding 500 homes to its 2,000-acre master-planned community, Trinity Falls. Most recently, it bucked the industry’s downward trend by selling 1,600 lots to homebuilders across six of its 15 projects.

Johnson’s latest endeavor is in Georgetown, a suburb of Austin, which gives the developer now nearly 20 projects under active development in Houston, Dallas-Fort Worth, Austin and Atlanta, according to its website.

Johnson has reportedly started construction on a 524-acre master-planned project in Austin, dubbed Nolina. Neither the project’s cost nor its exact address were disclosed by Johnson, according to the Austin Business Journal.

Sign Up for the undefined Newsletter

Read more

Plans for the community include 1,335 single-family homes ranging in size from 1,400 to over 3,000 square feet. The development will also be amenity-focused with an onsite “director of fun” planning resident activities, according to the announcement, wherein company president Michael Cox also mentioned a “small commercial area within the master plan that does include a multifamily component.”

An official groundbreaking for the neighborhood off Ronald Reagan Boulevard west of RM 2338 will take place “within the next several months,” Cox said, adding that the first phase will include 278 homes. While Cox said he doesn’t know how many phases the development will be built, he did tell ABJ that it will be “market driven.”

Chesmar Homes, one of the homebuilders that recently purchased a large number of lots from Johnson, was named as one of the three builders involved in the first phase of construction.

— Maddy Sperling

Tags
Johnson Development