Rasha at Audobon Multifamily Apartments

Rasha at Audobon Multifamily Apartments is a new construction project located at 39899 Mill Creek Rd in Magnolia, Texas. The development comprises a multifamily apartment complex with 326 units and a clubhouse, covering a total of 27,957 square feet. The owner of record is XAG Group HQ LLC, which also filed for the XAG Headquarters Office Building in Katy. Investwell Architects is the design firm of record for this specific project.

The estimated cost for the construction is $74,500,000. This figure places the project in the top quarter of estimated costs for new construction filings in Montgomery County, where the median is $800,000. The cost per square foot is calculated at $2,665, which is significantly above the county median of $100 per square foot. The scheduled build window is 578 days, longer than the county median of 213 days for similar new construction projects.

According to the TDLR registration, plan review was completed in May 2024. Construction was scheduled to begin in June 2024, with a projected completion date of December 2025. The registered accessibility specialist for the project is Richard Todd Lozano. The project is privately funded on private land for private use.

Project Status and Local Context

TDLR has not yet recorded a final inspection, so the current state of the site is not confirmed in the public record. The completion date listed on the filing has passed, but the absence of a final inspection record means the project's operational status is not verified by the state. Nearby businesses include Mill Creek by D.R. Horton, Cooley Construction, LLC, and Audubon by Anglia / Century Homes. Other recent new construction projects in the area include Roadstar Gas Station, PNC Bank Magnolia, and Atlas Market.

Third-party social media posts have referenced the project's estimated cost and location at 1488 and Mill Creek Rd. One Facebook post by 586480760295633 noted the $74,500,000 valuation. Another post by LeadingGeneralContractor mentioned exterior finishes at a nearby multifamily community, though this does not confirm the status of Rasha at Audobon. The area profile for ZIP 77354 indicates a population of about 40,501 and a median household income of $112,093, with housing predominantly owner-occupied.