KLEIN FOREST TOWNHOMES
Raj Development Corporation will continue its history of innovation within MUD 180 via the Klein Forest Townhomes – a new mode of residential development, offering spacious attached homes at an attractive price.
PROJECT NAME
Klein Forest Townhomes
LOCATION
Northwest Houston / Harris County
MARKET SEGMENT
Townhomes
NUMBER OF UNITS
86 Townhome Units
CURRENT STATUS
Development pending infrastructure enhancement
VALUATION
Approximately $20 million
INCREASING MARKET ACCESS THROUGH EFFICIENT UTILIZATION
The Klein Forest Townhomes will be a first for the established Kleinbrook and Traces community and surrounding areas, in offering an ownership opportunity in a townhome development. There is a growing demand for affordable housing options across the Greater Houston Area, and RDC has undertaken the design and development of this project to satisfy this demand. Units will offer spacious 1,700 square foot three bedroom units designed to appeal to a number of different target demographics spanning the range from single professionals to small families. The community will feature a dog park, green areas and other amenities. Designs have been completed and the space utilization has unlocked value for the owner/occupant, as well as allowing for an appreciable rate of return on investment. The townhomes will be built by RDC’s affiliate Mint Homes.
LESS CAN BE MORE
Development of this project will offer a unique opportunity to attract a segment of the market not served by the single family residential developments within the surrounding area. The development represents a different product type, with the same benefits in terms of build quality, location, schools, and the other considerations afforded to all within the community. Smaller land footprints per unit decrease cost of ownership, while achieving benchmark per square foot values and adding a substantive amount to the taxable value of MUD 180
