THE WOODLANDS, TX—Pre-leasing has commenced for Alexan Auburn Lakes, a new luxury garden-style apartment community.
Chicago based Prime Property Investors (PPI) has partnered with Dallas-based Trammell Crow Residential (TCR) to develop the 12.5-acre gated community situated at the edge of The Woodlands, a highly sought-after Houston suburb.
Both known for their attention to detail and high-end features, PPI and TCR joined together for the first time to design and build this high-end community that caters to today’s savvy renters. The upscale Alexan Auburn Lakes will include 256 one-bedroom, one-bath apartments and 90 two-bedroom, two-bath units. Decorated models of a two-bedroom and one-bedroom floor plan will be available for viewing in mid-August.
“The interest in Alexan Auburn Lakes has exceeded our expectations,” said Barbara Gaffen, co-CEO of PPI. “Since the topping off in April, we have received a large number of inquiries from prospective renters. They are a good mix of locals who are taking advantage of the hot real estate market and selling their homes to enjoy the community’s maintenance-free, almost resort-like lifestyle as well as people looking to move to the area because of the new ExxonMobil facility.”
Located along West Rayford and Gosling roads, Alexan Auburn Lakes is nestled in a serene setting among native hardwood trees with its own private lake. The community’s convenient location is minutes from The Woodlands shopping, dining and entertainment district and a few miles from several large corporate campuses, including a 385-acre ExxonMobil facility that will open in 2015 and bring 10,000 employees to the area. Additionally, a new elementary school is being built right outside of the development making Alexan Auburn Lakes a great location for young families.
“Alexan Auburn Lakes is a magnificent community with all the detail and amenities today’s renters want and have come to expect from their home,” said Gaffen. “The units are efficiently and technologically designed, and will offer features like USB ports, keyless entry systems and built-in speaker systems. The community will also offer electric car charging stations.”
Prices for one-bedroom homes start at $1,100 while two-bedroom homes start at $1,500. Initial occupancy is slated for mid-August, making Alexan Auburn Lakes one of the only newly constructed high-end apartment communities in the area that will be move-in ready before school starts in the fall.
All apartments will have private entrances, and some first-floor units will offer fenced backyards, great for renters with pets. Select residences will also have lakeside views. The community will include 47 attached garages and 457 surface parking spaces.
Interior finishes will include 9-foot ceilings and wood vinyl flooring in kitchen, living and dining areas. Kitchens will feature granite countertops with under-mount sinks, stainless steel appliances with double-door refrigerators, 42-inch hardwood cabinetry, and stone- or glass-tiled kitchen backsplashes.
Residents can also take advantage of a full suite of building amenities designed to enhance and complement their daily lives, including two outdoor pools and sun decks enhanced by waterfalls, cabanas and an outdoor kitchen. Just beyond the pools is a private lake and jogging trail.
“The lake’s natural setting has been a big draw for prospective renters,” said Gaffen. “The on-site lake and jogging trail offer residents their own private retreat that’s ideal for exercising or simply taking a leisurely stroll.”
Another big draw for potential renters has been the spacious clubhouse that features a business center, kitchen with gathering spaces, billiard room and a state-of-the-art fitness center that provides a complete health club experience including yoga and spin rooms, plus on-site personal trainers.
Additionally, to accommodate residents with dogs, there is also an on-site pet spa that features a grooming station and Bark Park.
Lincoln Property Company will be handling all pre-leasing and rentals at Alexan Auburn Lakes.
Prime Property Investors (PPI) is a real estate investment firm with a national portfolio of Class A suburban garden-style apartment communities, as well as student housing properties on major college campuses. Barbara Gaffen and Michael Zaransky, co-CEOs of PPI, founded the company in 1993, and today oversee $230 million in properties.