Jovie Pflugerville
NEW TO MARKET: Jovie Pflugerville - A Brand New Ultra-Luxury 55+ Community in Northeast Austin
Deal Type: Acquisition
Risk Profiles: Core
Property Types: Multifamily, Healthcare Facility
Jovie Pflugerville | 1305 E. Wells Branch Pkwy | Pflugerville, TX
Premium Residences Boasting Best-In-Class Resort-Style Amenities with Ideal Location off I-35
JLL has been exclusively retained to offer qualified investors the unique opportunity to purchase fee simple interest in Jovie Pflugerville, a newly constructed, 182-unit, mid-rise, active adult community in Pflugerville, Texas. Prominently positioned on Wells Branch Parkway, Jovie provides seamless connectivity to Downtown Austin, Round Rock, and the Domain. The property is home to a full suite of resort-style amenities, including a chef-inspired kitchen, outdoor swimming pool and relaxation area, pickleball court, clubroom & bar, bistro & dining library, wellness-oriented fitness & spa, and a bark park/pet spa. Also nearby is the Baylor Scott & White Medical Center – Pflugerville, offering 24/7 emergency services, primary care, imaging/radiology, surgical services—including bariatric weight loss surgery, orthopedic surgery—and gastroenterology. Recreationally, Pflugerville is an excellent familial setting boasting numerous golf courses, hike and bike trails, and vast amounts of greenspace. The property is just minutes from Stoney Creek Park, Duke Cove Greenbelt, Cambridge Estates Park, Wuthrich Park, and Lake Pflugerville.
PROPERTY SUMMARY
INVESTMENT HIGHLIGHTS
- The property fosters the ultimate community building environment with a thoughtfully designed resort-style swimming pool, clubroom and bar, dining area, library & co-working lounge, dog park & pet spa, and a community kitchen.
- Area Poised for Strong Active Adult Fundamentals: Rapidly growing segment of U.S. residential real estate driven by aging baby boomers, a population that will double over the next 10 years.
- A Short Distance From Austin's Top Economic Drivers:
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Dell Technologies – Dell is a multi-national computer technology company headquartered in Round Rock, Texas, which is a short drive from Pflugerville. Additionally, Dell has a campus off E. Parmer, which is less than 10 minutes from Jovie.
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Samsung - Samsung is under construction on North America’s largest semiconductor manufacturing facility in Taylor, which is 20 miles northeast of Jovie Pflugerville. Samsung already has a presence off E. Parmer housing a semiconductor fabrication plant covering 640 acres and employing more than 3,000 people.
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Apple Campus - The technology giant has a large campus off W. Parmer with plans on expanding its operations and campus in the area.
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3M – A Fortune 500 company that operates in a variety of industries (healthcare, consumer goods, industrial products, etc.), has a large presence in Austin, and operates several facilities in the area.
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- Proximity to Major Retail and Shopping Centers:
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The Shops at Tech Ridge – Situated at the intersection of Interstate 35 and East Parmer, Tech Ridge is anchored by several major retailers, including Walmart, HEB, and Sam's Club. Tech Ridge Center also features several commercial office spaces, making it a hub for businesses and entrepreneurs in the area.
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Stone Hill Town Center – Developed by Endeavor in 2007, the center features a diverse offering of dining and entertainment options, including Chuy's Tex-Mex, BJ's Restaurant and Brewhouse, MOD Pizza, Five Guys, SuperTarget, Best Buy, Cinemark Theatres, Marshalls, PetSmart, and Ulta Beauty.
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- Pflugerville boasts several parks, green spaces, and recreation, including Lake Pflugerville, Blackhawk Golf Club, and the a local Pflugerville farmers market.