Houston-based Lēva Living has unveiled plans for its first project, a planned 162-home single-family rental community in the Atascocita area, designed to offer the amenities of an upscale apartment complex with the privacy and the lifestyle of a house.

Lēva plans to begin work on the site in February, with construction expected to follow in mid-2022. The yet-to-be-named 16-acre development at 17260 West Lake Houston Parkway sits south of Atascocita Park.

Designed by Austin-based Danze & Davis Architects, the modern-style detached homes have metal roofs and a mix of brick, stone and siding. Geis Development, a local Spring Valley custom home builder, will construct the homes.

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“We will retain certain elements of an apartment community such as strict design standards, comprehensive maintenance, generous amenities and on-site maintenance and professional management, but will provide the privacy and backyards that are lacking. apartment dwellers,” Jennifer Orr, president and co-founder of Lēva Living, said in a statement. “It will be a carefree experience that we think will particularly appeal to empty parents and millennials looking to move on from apartment living.”

The first phase will include 20 homes and the amenity center including a clubhouse with seating, a fitness center, an outdoor kitchen, and a swimming pool and spa. The homes will range from 773 to 1,358 square feet and have enclosed backyards. One-, two-, and three-bedroom floor plans will include open living areas, walk-in closets, and porches.

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Rents have not been set, but are generally at least 10% higher than apartments of the same size, according to Jeff Williams, executive vice president of finance and co-founder of Lēva.

While rents can be higher than apartment living, total costs can compare favorably to the cost of buying a home.

“Typically, that rent threshold is always lower than the total cost of homeownership within a few miles,” Todd LaRue, chief executive of housing consultancy RCLCO, said at the city’s annual conference. National Association of Real Estate Editors last month.

Homes built to rent represent a small but growing share of single-family home construction in the United States, as investors aim to meet demand from empty-nested millennials.

Homes built for the rental market account for about 5% of new single-family housing construction, according to the RCLCO. The construction of homes to be built is expected to increase from current levels of around 50,000 units per year to between 100,000 and 150,000 per year in the coming years.

The first units in the new Lēva Living community are expected to become available in November. The pre-rental should take place in August or September.