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Catellus announces Mueller Pioneer Program

Catellus, developer of the Mueller Airport Redevelopment Project, has announced how it plans to allocate the first 340 homes to eager homebuyers. Dubbed the "Mueller Pioneer Program", the plan calls for applicants to register between March 5 and April 30 in order to be included in a drawing that will determine their place in line.

In a wrinkle of benefit to poker players and game theorists, prospective buyers must select their preferred builder and "home type" at the time of registration. As I read it, this will amount to a separate priority list for each builder and home type, so pick an unpopular model and you stand a better chance of being near the head of the line. The application process also requires a credit pre-qualification, for which there is a $50 fee.

The list of builders is to be announced on March 5. I'm unclear on whether the specific "home types" are those spelled out in the Mueller plan [PDF] or something even more specific. The initial phase is to include yard houses, row houses, and garden court houses, so that's probably enough "home types".

More to the point, we don't know a lot yet about prices. Presumably this will all be much clearer on March 5th. It sounds like Catellus plans to have Mueller Central up and running by then, too. I know where I'll be that Monday!

austin 2007.02.16 link