Audubon Magnolia Development announced that XAG Group will construct multifamily housing and retail space in the Audubon master-planned community in Montgomery County.
Plans for the first phase of development include a 30,000-square-foot, two-story retail building that is slated to open in early 2024. The second phase includes Rasha at Audubon, a mid-rise apartment building with 326 units ranging in size from one to three bedrooms.
“This retail center will follow Audubon developer Sam Yager’s ‘Celebrate the Space’ concept, providing a destination for residents to walk and enjoy the ambiance and atmosphere,” said XAG Group CEO Nathaliah Naipaul. “The garden apartments will have a sprawling layout of landscaped grounds and amenities such as a swimming pool, party house, courtyards, pet park and outdoor activity spaces with direct exterior access to each of the units.”
Further amenities in the Rasha at Audubon will include a business center, coworking spaces, a fitness center, a yoga studio, a family movie theater and a game room.
“XAG Group has a reputation for unique and innovative development that embraces a modern, transitional architectural style,” said Sam Yager III, vice president of Audubon Magnolia Development. “XAG grasps the type of live-work-play community we are developing here in Audubon — one that celebrates nature and embraces a balanced lifestyle. Not only will the XAG Group meet the surging demand for more residential and commercial in this area, but they should answer that need with a meaningful development rooted in the Audubon style.”
The first units in the Rasha at Audubon are expected to hit the market in early 2025.