The Austin-based company has been developing communities in Central Texas for 20 years and is slated to bring 60 high-end, single-family homes to Solms Landing in the next three years.
Buyers will be able to choose among four layout options, said Randy Chupik, president and owner of Chupik Properties. The homes will not be custom builds, and Chupik estimates the properties will be priced in the mid to high-$400,000 range.
“You don’t have to pick all the little things that you might normally pick in a custom home,” Chupik said. “But they are a lot higher-end and more design-heavy than a production home, so we kind of fall in a niche in the middle.”
Ten homes are under construction, and Chupik estimates 15 will be completed by the end of 2021.
Due to fluctuating building costs, Chupik anticipates that the company will not begin signing contracts with buyers until later this summer and will likely only release a few homes for bids as they are built.
“We are seeing pretty much all suppliers and contractors having to charge more,” Chupik said. “We are trying to keep our costs down to a range that we can deliver these houses in the range ... roughly where we thought they could be.”
The homes are one of the first building efforts to get underway in the 98-acre development and will be within walking distance of planned retail and employment centers in the community.
James Mahan, a principal for South Texas Capital and developer for the project, said the development will also incorporate a market, an event venue, up to 215 single-family homes and up to 455 multifamily residences. Mahan projects the entire community to be complete within five to seven years.