AUSTIN (Austin Business Journal)– There could soon be a new housing development in Bastrop County for part of Elon Musk’s Central Texas workforce.
KXAN News’ media partners at the Austin Business Journal report Lennar Corp., one of the nation’s largest homebuilders, appears to have teamed up with Musk’s The Boring Company to build a 110-home subdivision off FM 1209 near FM 969, according to Bastrop County Commissioner Mel Hamner, whose precinct includes the site.
Hamner revealed the connection during a Jan. 23 commissioner’s court meeting, while discussing the proposed project, codenamed “Project Amazing.”
“The Boring Company is working with Lennar to build this housing subdivision to support the workers there,” Hamner said during the meeting.
County commissioners had approved Project Amazing in September but approved a new layout for it this week.
In an email to KXAN News, Hamner said he’s under the impression that the housing will be offered as lease-to-buy options.
Lennar Corp. declined to comment for this story.
KXAN News also reached out to The Boring Company for more details but has not heard back.
“You are on the west side of Bastrop, the east side of Austin. So it is very easy for people to commute,” said Jacki Short, realtor with Nik Shehu Property Group in Bastrop County.
But she said Project Amazing’s location isn’t the only hotspot in the county.
“Really all of the Bastrop areas is a pretty busy area,” she said.
Short said builders see potential in Bastrop County.
“Whether it’s just The Boring Company, or all these other businesses coming in, or the potential to come in, people see the Bastrop County area as… a favorable area to move,” she said.
She said they do need more housing to stay on top of current and anticipated demand.
“We have great growth that is coming to our area that we need to be able to support the… workforce,” she said.
Data from Redfin, a national real estate brokerage, shows that monthly housing supply in the county has decreased over the past decade.