LANDSEA HOMES ADDING MORE HOMES IN KYLE, TEXAS WITH NEW COMMUNITY, PARKTON SQUARE
Landsea Homes (Nasdaq: LSEA) is expanding its presence in Kyle, Texas with a new community called Parkton Square. The development will feature 210 new high-performance homes, including single-family homes and attached townhomes. Located less than two miles from another Landsea Homes community, Freedom at Anthem, Parkton Square offers a convenient alternative to living in Austin.
The single-family homes will range from 1,400 to 2,900 square feet with 3-5 bedrooms, while townhomes will be 1,492 to 1,590 square feet with 3 bedrooms. All homes will be equipped with Landsea Homes' High Performance Home features, including smart home automation technology and the REME HALO® air purifier. Construction on three model homes will begin in early 2025, with sales expected to start around the same time.
Kyle, known as the "Pie Capital of Texas," is one of the fastest-growing affordable suburbs in the country, with a 23.7% growth rate since 2020. The community will offer easy access to parks, downtown Kyle, and higher education opportunities.
Landsea Homes (Nasdaq: LSEA) sta ampliando la sua presenza a Kyle, in Texas, con una nuova comunità chiamata Parkton Square. Lo sviluppo includerà 210 nuove abitazioni ad alte prestazioni, comprese case unifamiliari e townhome. Situato a meno di due miglia da un'altra comunità di Landsea Homes, Freedom at Anthem, Parkton Square offre un'alternativa conveniente alla vita ad Austin.
Le case unifamiliari varieranno da 1.400 a 2.900 piedi quadrati con 3-5 camere da letto, mentre i townhome saranno tra 1.492 e 1.590 piedi quadrati con 3 camere da letto. Tutte le abitazioni saranno dotate delle caratteristiche delle High Performance Home di Landsea Homes, inclusa la tecnologia di automazione domestica intelligente e il purificatore d'aria REME HALO®. I lavori di costruzione su tre case modello inizieranno all'inizio del 2025, con le vendite attese per lo stesso periodo.
Kyle, conosciuta come la
- Expansion into a fast-growing market with 210 new homes
- Diverse housing options with single-family homes and townhomes
- High-performance homes featuring smart home technology and air purification systems
- Strategic location in Kyle, one of the fastest-growing affordable suburbs near Austin
- Proximity to parks, downtown, and educational institutions
- Potential market saturation with another nearby Landsea Homes community
- Delayed revenue generation with sales not starting until early 2025
- Possible impact on profit margins due to inclusion of high-end features in all homes
Insights
Landsea Homes' expansion into Kyle, Texas with the Parkton Square development is a strategic move that capitalizes on the region's rapid growth and demand for affordable housing options near Austin. The project's 210 new homes, including both single-family and townhomes, addresses diverse buyer needs and price points.
Key positives include:
- Location in one of the fastest-growing counties in the U.S.
- Proximity to Austin, offering a more affordable alternative
- High-performance home features and smart technology integration
- Variety of home sizes (1,400 to 2,900 sq ft) catering to different demographics
The timing aligns with the trend of suburbanization, as buyers seek more space and value outside major city centers. However, the success will depend on pricing (yet to be announced) and the continued appeal of suburban living post-pandemic. The project's impact on Landsea's financials won't be immediate, with sales expected to begin in early 2025, but it positions the company for future growth in a promising market.
The Parkton Square development in Kyle exemplifies smart growth principles and suburban placemaking. Its location near downtown Kyle, parks and schools promotes walkability and community integration. The mix of housing types (single-family and townhomes) supports diversity and affordability, important for sustainable suburban development.
Notable urban planning aspects include:
- Integration with existing community assets (parks, schools, downtown)
- Provision of green spaces within the development
- Alignment with regional growth patterns along the I-35 corridor
- Proximity to higher education institutions, supporting long-term community viability
This development model could serve as a template for other fast-growing suburbs seeking to manage expansion while maintaining quality of life. However, careful monitoring of infrastructure capacity, particularly transportation systems, will be important as Kyle continues to grow rapidly. The success of Parkton Square could influence future suburban development patterns in the Austin metro area and beyond.
- 210 New High Performance Homes Coming to Desirable Master Planned Community Close to
- Single-Family Homes and Attached Townhomes
- Community Located at the Gateway of Texas Hill Country
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Wasik added, "We have formally closed on the land, the community's infrastructure is substantially complete, and construction on three new model homes will begin in early 2025."
Parkton Square will offer 210 single-family homes and attached townhomes. The single-family homes will range from 1,400 to 2,900 square feet with floorplans offering three to five bedrooms and options for the primary bedroom on the first floor, dramatic vaulted ceilings, gourmet kitchens and luxury showers. The attached townhomes will range from 1,492 to 1,590 square feet with three bedrooms and two-and-a-half bathrooms. Homes are expected to begin selling in early 2025. Pricing will be announced at a later date.
Residents will be able to enjoy various green space throughout the community and Gregg-Clarke Park just across the street. A short bike ride away is downtown
All homes at Parkton Square will be equipped with Landsea Homes' High Performance Home features, including smart home automation technology utilized by the Apple HomeKit™ environment. The smart home automation features include an Apple® HomePod mini™, wireless network Internet throughout the home, entry door locks, thermostat control, garage door opener control, light dimmer switches, doorbell camera pre-wire, and smart home activation via Best Buy's Geek Squad. The homes will also contain the REME HALO® air purifier, a state-of-the-art product that mitigates indoor contaminants to keep residents safe and support healthy living.
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For more information about homes selling in
*Pricing is accurate at time of publication but is subject to change.
About Landsea Homes Corporation
Landsea Homes Corporation (Nasdaq: LSEA) is a publicly traded residential homebuilder based in
An award-winning homebuilder that builds suburban, single-family detached and attached homes, mid-and high-rise properties, and master-planned communities, Landsea Homes is known for creating inspired places that reflect modern living and provides homebuyers the opportunity to "Live in Your Element." Our homes allow people to live where they want to live, how they want to live – in a home created especially for them.
Driven by a pioneering commitment to sustainability, Landsea Homes' High Performance Homes are responsibly designed to take advantage of the latest innovations with home automation technology supported by Apple®. Homes include features that make life easier and provide energy savings that allow for more comfortable living at a lower cost through sustainability features that contribute to healthier living for both homeowners and the planet.
Led by a veteran team of industry professionals who boast years of worldwide experience and deep local expertise, Landsea Homes is committed to positively enhancing the lives of our homebuyers, employees, and stakeholders by creating an unparalleled lifestyle experience that is unmatched.
For more information on Landsea Homes, visit: www.landseahomes.com.
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SOURCE Landsea Homes
FAQ
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