New high-rise condos could raise property taxes for nearby residents

BRYAN, Tex. (KBTX) -- The Bryan and College Station community is growing and with growth comes more construction. Brazos County will soon have new luxury-style condos.

The Innovation Towers will be a 12-story building on nine acres of land along Villa Maria Road in Bryan.

"This looks like metropolitan stuff here," said Kyle Jordan.

Jordan lives in the Autumn Lake subdivision, directly across the street from where construction for Innovation Towers will be. He moved out there ten years ago because it was quiet and spacious, but that's changing.

"The new Walmart and A&M stuff out there is probably four or five times busier than it used to be," Jordan said.

The new condos give a non-traditional living style for the area, and also an increase in property value.

"Property values will probably be affected somewhat. The desirability of the area will be affected," said Jim Gaines with the Texas A&M University Real Estate Center.

Gaines says the increase won’t happen right away but it is inevitable. He believes there might be a demand for this style of housing.

"A number of people who are Aggies, older Aggies, coming to College Station Bryan looking to live here, might find this as an attractive alternative to buying a house," Gaines said.

But residents like Jordan don’t want to see the expansion.

"I don't think it's a good thing, because that's the nice thing, that we're smaller than everything else,” said Jordan. "I think maybe some new apartments over there are okay, but this to me looks a bit much."

Developer Ram Galindo asked the Brazos County Commissioners to consider widening Villa Maria to Highway 47 for this construction. He says groundbreaking is planned for late spring of next year.