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Dream - Just curious what your source is on this. I directly asked the people when I visited and they said they had not had a single break in. Not sure if they're telling the truth (although legally, I would think they would have to tell me). Thoughts?

Actually, although they removed them from the site because they're not going to be released again until the end of December, i was not referring to the 280k townhomes. In the same complex there are 1680 square foot homes for ~210k. Anyone know any brand new 3 story homes in Rice Military or Midtown for that price? That's why I'm considering it. 280 is out of my price range.

Yes. It's not a very nice area now, but a developer (Parra Design) told me they were planning on building over 100 new townhomes right across the street in the next 2 years (they already own the land), and for some reason this area reminds me of Rice Military a couple years back. It's definitely not developed now, but I'm just wondering about potential for the next 5 years.

Hi all, I am considering buying a townhome in this area, and I was wondering if you guys thought it would be a good investment. Do you think the area just east of 59 near downtown will develop soon? I know there are several new townhome complexes being built there and it's near the new park downtown, but I wanted to get the group's opinion on the area's potential. Also, I'm wondering how flood-prone this area is. Here's one of the complexes I'm considering: http://www.perryhomes.com/Find-Your-Home/H...View-Place.aspx