Weekly Real Estate News
The Austin-based real estate investment, development, and operating platform The Amherst Group has begun constructing a new 145-home community in Lockhart, Texas.
Named “Firefly,” the community is built entirely leveraging the company’s StudioBuilt modular construction capability, which Amherst said can be built about 50% faster than traditional homes with stronger quality controls during the construction process. Firefly will feature three- and four-bedroom homes, three unique floorplans, and 10 different elevations.
Firefly homes will be available to interested buyers as soon as November.
“The opening of our new Firefly community generates much needed housing supply for homebuyers in the growing and vibrant city of Lockhart,” said David Schwarz, head of commercial real estate at Amherst, who leads the firm’s community development initiatives. “Our StudioBuilt modular building process coupled with our relationship-based sourcing strategy across Texas allows us to reduce significant barriers presented by traditional homebuilding practices, and meaningfully contribute to boosting supply in the state.”
