The master-planned community reserves about 550 acres for mixed-use development, such as retail and dining venues, alongside thousands of homes, according to the release.
The retail center will open as the project's first phase, while Rasha at Audubon will add 326 multifamily units in the project's second phase, slated to open in the first quarter of 2025, according to the release. Rasha at Audubon will include a three-story, garden-style apartment complex and four-story midrise apartments, including 184 one-bedroom units, 126 two-bedroom units and 16 three-bedroom units.
“This hybrid mix caters to both suburban and urban living experiences,” XAG Group CEO Nathaliah Naipaul said in the release. “The garden apartments will have a sprawling layout of landscaped grounds and amenities such as a swimming pool, party house, courtyards, pet park and outdoor activity spaces with direct exterior access to each of the units.”
Rasha at Audubon's midrise apartments will include a fitness center, a yoga studio, a family movie theater and a game room as well as elevators, a business center and coworking spaces, according to the release.
Rasha at Audubon follows last year's announcement of Virtuo Audubon, another three-story apartment complex with 300 units.
“Magnolia is an unbeatable strategic location to access The Woodlands, Cypress, [George Bush Intercontinental Airport] and College Station,” said John Wang, senior development and investments manager with XAG, in the release. “With more and more families moving to Houston, we can see the growth of Magnolia and want to create a place where our residents can enjoy their daily activities, have the belonging sense of community and the accessibility of nature."
