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OCTOBER 20, 2016 | BY LISA BROWN
HOUSTON—Despite demand being slightly reduced because of oil prices, a multifamily builder says it cannot build townhomes fast enough in the Hadley Building, and will run out of inventory before delivery.
With prices starting at $272,305, sales of Surge Homes Sky Townhomes located within the Parc at Midtown community, are brisk. Only four townhomes are currently left on the market.
The Sky Townhomes occupy the top two floors of the Hadley Building inside the gated community. The popularity of the Sky Townhomes, a product created by the Surge Homes team, is demonstrated by the fact that 10 out of 14 homes quickly sold.
Townhomes in Houston’s Inner Loop are typically large and priced in the higher tier. Surge Homes designed the Sky Townhomes, which are actually two-story condominiums, to be the exact opposite: spacious, yet space saving and modestly priced. Many buyers appreciate that the two-story concept allows for separate living and sleeping areas with the kitchen, dining and living rooms downstairs and the bedrooms upstairs.
“Our vision for the Sky Townhomes was to create innovative spaces that provide affordable access to the Midtown scene and include all of the important amenities Houston buyers are looking for, including European-inspired designs in the kitchens and baths, and a 5,000-square-foot private park located in the center of the community,” says Louis Conrad, co-founder of Surge Homes. “Parc at Midtown was named the fastest-selling new attached residential subdivision in Houston and the popularity of the Sky Townhomes definitely helped us earn that distinction.”
These two-story homes are available in floor plans with two bedrooms and 2½ baths ranging from 931 square feet to 963 square feet and include back-to-back parking spots–one covered, one open. Each home buyer can select finishes from a collection of 70 professionally coordinated design packages.
“Even during the oil crunch, Houston homes for sale in the $150,000 to $499,999 range are doing really well. Our Sky Townhomes are so innovative that even though the current demand might be slightly reduced because of oil prices, we cannot build them fast enough. We are a year away from delivery and have sold 70% of this product,” Ben Lemieux, co-owner of Surge Homes, tells GlobeSt.com. “We will run out of inventory before delivery.”
