More Affordable Condos Come to Houston's Inner Loop
PRESS RELEASE
HOUSTON – (Oct. 3, 2016) – Surge Homes begins development of Museum BLVD, a new, affordable condominium community in Houston's prestigious Museum District neighborhood with homes that range from the $140s to the $340s. Prospective home buyers can purchase a certificate through Surge Homes’ VIP Reservation Program, which provides them the opportunity to secure priority of a home when they are released for final sale in a few months.
Located at 4819 Caroline Street, Museum BLVD is an $11 million, 50-condominium, mid-rise development that offers close proximity to the cultural and recreational amenities of the Museum District. Buyers can choose between lofts, one-and two-bedroom homes, and penthouses with large terraces and skyline views that range from 420 square feet to 1,099 square feet and include private, reserved parking in the gated garage on the building's first floor. Homes are priced from the $140s to the $340s, which are in contrast to the median home values of $745,000 in the Rice/Museum District market area, as cited by the Houston Association of Realtors.
“In 2014 when we originally started consulting with thousands of Houstonians, we saw a great demand for affordable condominiums or townhomes for this great site on Caroline Street. However, we kept listening to our future homeowners and saw that demand shifted overwhelmingly towards condos in 2016. Houston’s Inner Loop real estate market is clearly moving more and more towards affordable, worry-free new condos in sought-after areas offering walkability. It is the hottest residential product in the city right now,” said Ben Lemieux, co-owner of Surge Homes.
Following Parc at Midtown and Upper Richton, Museum BLVD is the third of several Surge Homes communities slated to open in Houston's Inner Loop. These space-efficient condominiums offer 70 sophisticated interior design packages for kitchens and bathrooms from which buyers can choose that boast contemporary European cabinets exclusively imported by Surge Homes. Every home is equipped with all kitchen appliances, and washer and dryer connections. Additionally, Museum BLVD homes include the unique Surge Homes Quality Assurance Program comprised of a 10-year transferable 2-10 Home Buyers Warranty and a Master Insurance Program for the duration of the 10-year warranty. The move-in date for Museum BLVD is expected in 2018.
“Surge Homes was the first to introduce affordable, space-efficient condos of less than 500 square-feet for sale in Houston in 2014 and it surprised many that our Parc at Midtown community is so successful and was named the fastest-selling attached new residential subdivision in Harris County. A recent survey of home buyers in the U.S. revealed that the price of the home and the neighborhood is far more important than the size of the home,” said Louis Conrad, co-owner of Surge Homes.
Museum BLVD Perks
Future residents of Museum BLVD will enjoy its prime urban location - one that earned an 81 out 100 Walk Score®. The community is a short nine-minute walk to Hermann Park, which offers visitors 445 acres of park space that includes a train, gardens, lake, paddle boats, a golf course, a cafe-style restaurant and the world-renowned Houston Zoo. The METRORail Wheeler Station is close by and easily accessible with an 11-minute walk. This is advantageous because it allows residents to leave their cars at home in the gated private parking and still commute back and forth to downtown, the medical center, or Reliant Park.
Benefits of VIP Status
Demand for Surge Homes' innovative products is historically high so the builder offers a VIP Reservation Program allowing prospective buyers the opportunity to choose the most coveted floor plans and views within a building. A VIP Certificate allows potential home buyers to join a waiting list in order to purchase their favorite residence, at special pricing, prior to the launch of sales to the general public. The cost is $1,900, which goes into escrow, and is applied to the final purchase price of the home once under contract. Certificates are fully refundable in the event the home buyer decides not to purchase a home.
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About Surge Homes
Surge Homes® is a Houston-based residential real estate developer and builder committed to providing new homes in nine communities that feature stunning architecture and cutting-edge interior designs in Houston’s urban core. From land development and construction to sales and marketing, Surge Homes is involved in every aspect of creating these new homes, located in the most desirable inner city areas. Louis Conrad and Ben Lemieux, co-owners, and David Modlin, vice president of development and construction, each bring more than 27 years of experience in real estate development, management and consulting, and their previous developments total more than 4,000 homes and include master-planned communities, houses and condominiums throughout the U.S. and Canada.
