Austin Business Journal reports, "Austin developer Wilson Capital hopes to start development of a 932-acre master-planned community in Lockhart as early as the fourth quarter of this year. It's estimated to cost $2.15 billion.
The community, called Blue Sky, will rise on 932 acres along State Highway 130 southwest of Lockhart, according to an announcement. With thousands of homes plus commercial and medical space — and a school — planned, the community will represent major growth for one of the fastest-growing counties in the nation, Caldwell County.
Once fully built out, Blue Sky will have more than 3,650 single-family home sites. The first phase of development is expected to begin late this year or early next year with construction of the first 450 lots, which will be 40 and 50 feet wide.
Wilson Capital is handling land development, and the homebuilder selection process is underway. Because builders have not yet been selected, floor plans are not yet known but homes are expected to start in the low-$300,000 range.
In addition to the homes, Blue Sky will have 86 acres of commercial sites with frontage along SH-130. What that commercial use will eventually be is not yet set in stone, but Taylor Wilson, president of Wilson Capital, said he could envision development including a hospital, grocery store, medical office space and retail space.
There will also be a Lockhart Independent School District elementary school built on 15 acres near the center of the development, and plans call for 130 acres of dedicated parkland and green spaces, as well as a community center and catch-and-release fishing pond.
Wilson Capital closed on the land for Blue Sky in early June, according to the announcement, purchasing it from an undisclosed seller. Clarke Nolley of Republic Commercial brokered the transaction, and Justin Westmoreland at Prosperity Bank financed the project.
“We have thoroughly enjoyed working with Caldwell County to reach a development agreement for a master-planned community with ample amenities,” Taylor Wilson stated. “The scale and planning we've poured into Blue Sky, collectively with Ben Green at Kimley-Horn and Joe Daly at Norris Design, will deliver a unique lifestyle setting and experience for our residents."
Caldwell County has experienced substantial growth over the past few years. Caldwell was identified as the ninth-fastest growing county nationwide by the U.S. Census Bureau, with a population that grew to 52,430 in 2024 from 50,107 a year prior.
Lockhart, located 30 miles south of Austin, saw its population swell from 14,382 to 17,166 from 2020 to 2024, and thousands of new homes are planned in the city, such as in Red Oak Development Group’s Moxie mixed-use project and Perry Homes’ Juniper Springs development.
Though perhaps best known as a multifamily developer, ranking fifth on ABJ’s list of locally active multifamily firms, Wilson Capital has completed a number of subdivision projects across the metro, from Pflugerville down to Kyle, according to its portfolio. And it isn’t stopping at Blue Sky, as Wilson said the company has other similar projects in the works in the southern part of the Austin metro.
One of Wilson Capital’s most notable projects is downtown Austin’s Wilson Tower, which was once planned to break ground in 2023. The project is still delayed with no updates, Taylor Wilson said, after telling the ABJ in March that plans for the tower were still alive but delayed until market conditions improve."
Source: Austin Business Journal
Written by: Cody Baird
Published: July 3, 2025
Posted by Grossman & Jones Group on
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