CONROE, Texas – (Realty News Report) – AIRIA Development Co., the developers of Aliana in Fort Bend County, has begun construction on a 2,200-acre master-planned community in the Montgomery County.
The new community, called Artavia, will have 5,200 homes and 120 acres of mixed-use, commercial and retail properties. The build-out value is estimated to be $2.4 billion.
The community is located just south of State Highway 242, midway between I-45 and US 59.
Homes in Phase I are expected to range in price from the $280,000s to the $500,000s.
“The timing is ideal for the opening of ARTAVIA,” said Lawrence Dean, Regional Director of Metrostudy’s Houston market. “Its location will be even more convenient and accessible, with major infrastructure improvements on SH 242 currently underway. The price points are in the sweet spot of the Houston market as Conroe/Montgomery County is one of the fastest growing areas in the nation, with a 29 percent growth rate year over year.”
Students living in ARTAVIA will attend the highly sought-after Conroe Independent School District, considered to be a destination district with significant growth. The community is currently planned to accommodate future Conroe ISD expansion, which is estimated to grow to 76,000 students by 2028.
Construction on model homes will begin in early 2019 with expected completion by the summer. Travis Stone is president of Airia Development Co.