Increase in Parc at Midtown Walk Score Raises Expectations for Home Values

1/18/17

Demand Spikes for New Townhomes as Investors, Buyers Favor Neighborhoods with Walkability

Parc at Midtown, a Surge Homes® development, now boasts an updated “very walkable” Walk Score of 87 out of 100, making it one of the most walkable communities in Houston. This high score is expected to play a role in the amplified demand and value of townhomes and condos in the thriving Midtown neighborhood, as research shows that investors and buyers often prefer to purchase a home in a walkable area.

“Most Houstonians depend on vehicles or public transportation to maneuver through this great city. One of the reasons we selected the site at 2401 Crawford St. for the development of Parc at Midtown was because this coveted area offers ease of access to so many amenities,” said Ben Lemieux, co-owner of Surge Homes. “We wanted to provide homeowners with a walkable option in Houston’s Inner Loop and the rapid pace of home sales tells us we made the right choice.”

According to the National Association of Realtors, being in a walkable neighborhood is one of the most important community variables for buyers and Parc at Midtown’s walkability is enhanced by its proximity to restaurants, parks, nightlife, stores and art galleries within a 10-minute walk of the development. Additionally, this development offers its residents an exclusive park spanning 5,000 square feet located in the center of the community. Six, 1,530 square-foot townhomes are available for sale and positioned on the park’s perimeter offering direct access from private yards via pedestrian gates. “I believe the six homeowners whose private yards open up to the park will realize not only a great investment in their quality of life but also financially because there are simply no comparable townhomes elsewhere in Midtown,” said Lemieux.

Scheduled to begin delivery in April 2017, a total of 17 townhomes are still available for purchase, including the six situated on the park. Priced from $341,300 to $403,300, each townhome includes a two-car garage with a gas connection on the balcony for a grill, as well as European-inspired floor plans designed to maximize space. The remaining 11 townhomes for sale are 1,347 or 1,368 square feet and feature three bedrooms and 3 ½ bathrooms with private, fenced-in yards that offer direct access to the sidewalk via pedestrian gates.

Parc at Midtown sales have reached 75 percent and are one reason this popular, walkable development earned the distinction of being named the fastest-selling “attached new residential subdivision” in all of Harris County by Meyers Research LLC in August 2016. Parc at Midtown’s Walk Score is impressive for Houston and Midtown is the city’s standard for walkability.

For more information on availability of Parc at Midtown’s townhomes, condos, penthouses and Sky Townhomes™, schedule an appointment to visit the Surge Homes Sales Office.

About Surge Homes
Surge Homes, voted Houston's 2016 Developer of the Year by the Agents' Choice Awards, is a residential real estate developer and builder committed to providing brand new homes in nine communities that feature stunning architecture and cutting-edge interior designs in and around Houston’s urban core. They were one of five nominees for Homebuilding Innovator of the Year in Construction Dive’s 2016 Dive Awards. 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 28 years of experience in real estate development, management, and consulting. Their previous developments total more than 4,000 homes and include master-planned communities, houses, and condominiums throughout the U.S. and Canada.

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