Staring down the Longest Summer Ever and water shortages in area suburbs, Arizona's Empire Group broke ground on Village at Hutto Station, a build-to-rent community just north of Austin.
The 276-unit development will offer one-, two- and three-bedroom homes with private back yards. Amenities will include a pool, outdoor grilling areas, a fitness center, walking paths, a community clubhouse, and a dog park.
Empire Group bought the 30.6-acre site last fall for $11 million. Financed by a $62.4 million loan from Arbor Realty Trust, construction of the project is expected to take two years.
Village at Hutto Station is Empire Group’s fifth build-to-rent residential project financed by Arbor Realty Trust.
