The planned community wants to offer affordability and sustainability.
In booming Austin, Texas—a red-hot real estate market primed by tech-sector-startup money and a staggering 159 new arrivals daily in 2016—the quickly coalescing mega-development of Whisper Valley seems perfectly normal.
A Texas-sized tract of land east of downtown has broken ground, with a handful of finished model homes foreshadowing a massive planned community, now on sale and set to open later this year. When it’s completed, it will will encompass more than 7,500 single and multi-family homes and more than two million square feet of commercial space.
But it’s not the size or scale that sets this development apart. With geothermal wells being dug, Google Fiber high-speed internet cables being laid, and solar panels shipped in by the truckload, Whisper Valley offers something new: a sustainable, large-scale, and, most importantly, affordable suburban development. Homes start at $190,000, well below the market median of $311,000. CONTINUE READING...