A hybrid residential development concept is ready to open in the Fort Worth market.
Pheonix, developer based in Arizona NexMetro Communities intends to move over 500 homes to three different neighborhoods in Fort Worth over the next year.
Luxury residential developments will offer features similar to typical housing plans, such as private courtyards, porches, high ceilings, granite countertops, stainless steel appliances and hard surface flooring.
But unlike any other development in Fort Worth, residential communities are “built to rent.” Avilla Houses are single-family homes available for rent, a housing trend sweeping the country as house prices soar as more consumers prefer the ease of the rental lifestyle.
Avilla Reserve – the first of three NexMetro Communities rented home neighborhoods coming to the Fort Worth Market – will open on November 18. The community is located on the southwest corner of Holland Hill Lane and Highway 114 in Justin, on the northern border of Fort Worth, near Texas Motor Speedway. .
âFort Worth is an ideal market for our luxury leased communities in Avilla given the city’s key demand drivers including job and income growth, household growth, supply, demand and high occupancy rates, âsaid Ryan Griffis, general manager of NexMetro Communities in Dallas-Fort. Value. âBuild-to-rent is growing nationwide faster than any other type of real estate, with the demand for this lifestyle far exceeding the supply. “
With 227 single-family rental units, Avilla Reserve will be the first residential concept of its kind to open in Fort Worth.
Avilla Fossil Creek in the northern part of Fort Worth with 112 homes is currently under construction and is slated to open in Spring 2021. Avilla Trails, located next to Chisholm Trail Pkwy in southern Fort Worth, will have 230 homes and is slated to open. doors in the fall of 2021..
All communities will offer floor plans for one, two and three bedroom homes. The pitches will be professionally managed with on-site maintenance, providing residents with a worry-free living experience, according to NexMetro.
Garages, covered parking and amenities such as a resort-style pool and spa, hot tubs, outdoor barbecues, open spaces and dog parks, among other facilities.
âNew single-family rental construction like Avilla is a staple in the residential real estate market, and Fort Worth is at the forefront of planning these ‘best of both worlds’ neighborhoods that attract a diverse group of consumers – millennials. professionals to baby boomers, âGriffis said.
NexMetro has 14 rental housing projects across Texas, including 2,200 homes completed or under construction in the North Texas market.
A NexMetro Avilla community opened in Grand Prairie in the summer of 2019. This was followed by the project to open another rental housing community in McKinney.