EDINBURG, TEXAS, April 19, 2022 – Domain Development, The Rio Grande Valley’s premier real estate development company, announced its latest project, The Atwood Development. This development encompasses 2 different subdivisions. a gated single family residential subdivision being Atwood Estates, along with a gated four-plex community Atwood Village – a substantial project with a $94M Valuation in the City of Edinburg.

Domain Development Corp. is always seeking to be a pioneer in real estate technology and using streamlined digital assets to improve speed and efficiency when selling homesites. When the LotGlide team approached Domain with the idea of a consumer-focused interactive map experience for the Atwood Project “it was too good of a tool to pass up.” Dan Cantu, Vice-President Domain Development Corp. commented

LotGlide Technologies will provide Domain Development Corp with a total of 232 interactive lots for this subdivision with SalesForce Integrations and Text and Email automations directed to the sales staff when a new buyer inquires for purchase information.

ABOUT THE PROJECT ______________________________

Located minutes away from The University of Texas – Rio Grande Valley and Texas A&M University’s Edinburg Campus, Atwood Estates is the ideal location for professionals seeking to be close to an array of shopping, dining and educational options that will enhance their lifestyles. Located off the corner of Hoehn Drive and Schunior Street in Edinburg (1 block north of 10th & 107), Atwood Estates offers the choice of 115 lot sites with the added benefit of being a gated community with two access points. Lots range in square footage from 6,060 feet to 8,455 feet, with prices ranging from $58,176 to $81,168. It is estimated the average value of homes in the subdivision will be $315,000 resulting in a subdivision built-value of over $36,000,000.

“This is truly the perfect location for families looking to relocate for work in the Edinburg/McAllen Metroplex. It is also a great option for families living in the area that are looking to upscale their current real estate investment,” explained Shavi Mahtani, president of Domain Development. “We project that property values will only continue to rise in this region as more business opportunities are created along the Texas-Mexico border. This new subdivision will offer curb appeal, safety, and location, which are all key factors in making decisions about any real estate investment for the future.”

Atwood Estates will be builder-ready by Q3 of 2022, with lots on sale now. Domain Development welcomes lots owners to work with any builder, but will continue to restrict the use of colors, and exterior stone and brick to conform to Domain’s high architectural standards.

“When we delve into creating a new single family residential development, we want to ensure that although we don’t build ourselves, that builders will respect our original intent for the subdivision to look like a dream for our clients,” said Mahtani. “Just like all of our other residential developments across the Valley, the end result look of Atwood Estates will be on par with the best looking, high-caliber residential single family developments anywhere in Austin, Dallas or Houston.”

Adjacent to Atwood Estates, the four-plex lots at Atwood Village are also under construction. The end designs will consist of some of the most modern and upscale designs available on the market today. The subdivision offers 117 lots for Fourplexes that will retain a built-value of more than $500,000 each, ultimately resulting in the creation of 468 apartment rentals with a collective built-value of $58,000,000.

“There is such a huge demand for housing across the country, and the market just can’t keep up with construction. We project that although families want homes now, rentals of spaces like condos and four-plexes will continue to skyrocket over the long term as interest rates increase,” explained Mahtani. “By buying a four-plex, more and more professionals are finding a great way to make passive income through real estate investment rental profits, which is also a growing new retirement strategy. The location of these four-plexes will make it optimal for college students or young couples just starting out. With the urban, cool design of the buildings, there is no doubt they will be sought after rental spaces once complete.”

In sum, the complete 60-acre Atwood Development, encompassing both Atwood Estates and Atwood Village, it is projected that the development will bring more than $2.5M in annual tax revenue to the City of Edinburg and Hidalgo County.

“As a developer of high-quality sites, we have a long history of choosing the best new locations in the region to create a perfect oasis for families,” added Mahtani. “If you take a look at this location, you will see that our Atwood Development will be a bright new jewel in the City of Edinburg’s already gleaming crown. We are also thrilled to help our region and the wonderful City of Edinburg create a new tax base from a great looking new community.”