Trendmaker will offer a supply of 40- and 50-foot lots catering to young professionals.

AUSTIN, TX—TRI Pointe Group's Trendmaker Homes acquired new land in the Austin market for a residential neighborhood. Located one mile east of Interstate 35 in the new Turner's Crossing planned community, the Trendmaker property will offer 324 single-family detached homes across six sections upon buildout.

"This acquisition not only comes in a top 10 national market, one that has experienced very impressive population growth recently, but it will also give Trendmaker a strategic opportunity to diversify our new home offerings to serve a key demand segment," said Terry Shuffler, vice president and general manager at Trendmaker Homes Austin. "The Austin metropolitan area has seen most residential starts and closings in the $200,000 range. We are excited to be able to deliver quality, well-located product in that single-family sweet spot."

Situated on rolling hills with views of downtown Austin, the 468-acre Turner's Crossing community will be developed in conjunction with master developer Meritage Homes and Taylor Morrison. Trendmaker will offer a supply of 40- and 50-foot lots catering to young professionals and families, as well as first time move-up buyers. Pricing is anticipated to begin in the low $200,000s, with a targeted grand opening in June 2021.

Located on both the north and south sides of the intersection of Toll Road 45 and Turnersville Road, only 11 miles from the Austin central business district, Trendmaker's new homes will provide an Austin address in the more highly regarded Hays Consolidated Independent School District/CISD. Local east-west arteries not only connect quickly to the interstate, but also provide alternative routes to the airport and the northern portions of Austin, Round Rock and Pflugerville, which boast Apple, Samsung, Dell and numerous other employment centers. Residents will also have access to the 1-million-square-foot Southpark Meadows shopping center.

Development is anticipated to commence at the end of 2019. The Turner's Crossing development will total more than 1,300 homes across six phases and include commercial and multifamily uses, as well as a future Hays CISD site.

"The Southeast Austin/Kyle-Buda submarkets are among the most active in Austin with Kyle-Buda being ranked number two in Austin by starts (1,500). In addition, Turner's Crossing provides an affordable mix of housing with excellent proximity to downtown and an Austin address," Terry Shuffler, vice president, general manager-Austin at Trendmaker Homes, tells GlobeSt.com. "This will give Trendmaker a long-term (four to five year) position in an outstanding submarket and should provide excellent brand visibility as we continue to grow in the Austin area."

Workers in the Austin-Round Rock Metropolitan Statistical Area had an average hourly wage of $25.87 in May 2018, about 4% above the nationwide average of $24.98, according to the US Bureau of Labor Statistics. Assistant commissioner for regional operations Stanley W. Suchman noted that after testing for statistical significance, wages in the local area were higher than respective national averages in five of the 22 major occupational groups including sales and related, architecture and engineering, and healthcare support.