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Wan Bridge To Develop First Build-to-Rent Community In Galveston

·3-min read

Island residents and tenants looking for convenience in seaside living have new option with Palm Bay Galveston

Wan Bridge (WB), a Texas-based developer, builder and manager of build-to-rent (BTR) communities in Dallas and Houston, announced plans to build the first build-to-rent community, Palm Bay, on Galveston Island after purchasing bay accessible land in the existing Bayside at Waterman’s community.

The new BTR community, Palm Bay Galveston, will feature 94 single family detached homes in the neighborhood’s primary section. The homes will boast a signature island aesthetic designed by the company’s in-house design team that will evoke the architectural style of other Gulf Coast resort communities that homeowners have come to love such as Seaside and Water Color, Florida.

"As the BTR model of single family homes continues to gain popularity, it is changing the way of how we look at what is possible in residential real estate and in this case, even beach front and bayside communities have the opportunity to embrace this change," said Kevin Stuckey, Senior Vice President of Development for Wan Bridge. "Bringing the first BTR community to Galveston Island is an honor that we are excited about. Whether an island newcomer or longtime resident, we look forward to offering both long-term rental homes and condominiums that are always in demand on Galveston Island."

Palm Bay will feature both three- and four-bedrooms options with 2.5 bathrooms and living areas spanning 1,600 to 1,800 square feet. In addition to the traditional single-family options, WB will build more than 20 condominiums located in the neighborhood’s "Fish Camp Reserve."

Located at the 4500 block Stewart Road on Galveston Island, Palm Bay Galveston is on Lake Como, an inlet of Galveston Bay that features Galveston Country Club, the only golf club on the island, to the east and Galveston Island State Park to the west. Future tenants will have opportunities to access amenities that embrace the seaside lifestyle, including convenient access to the beach and direct access to the bay, including boat rentals. As Palm Bay Galveston is in close proximity to the country club, state park and Waterman’s Marina and Restaurant, tenants can lead a laid-back lifestyle while still enjoying a community feel, without the hassle of homeownership.

Construction is set to begin in December 2020.

For more information about WB’s Palm Bay Galveston, visit: PalmBayGalveston.com.

About Wan Bridge

Wan Bridge (WB) is a Texas-based premier developer, builder and project manager of communities serving the growing customer base who prefer to rent but still maintain a high living standard. Currently 85 percent of the tenants who rent a WB home are millennial families. The company has more than $600 million assets under management and manages a total of more than 1,500 properties. By offering the build-to-rent alternative WB meets the increasing lifestyle demand by "Building the Future of Fine Living". Learn more at www.wanbridge.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201027005260/en/

Contacts

Jack Holmes
Pierpont Communications
(281) 760-7657
jholmes@piercom.com