Austin Business Journal writes, "while housing starts across the Austin metro have retreated from pandemic highs, large residential communities continue to be pushed forward, especially in areas expected to see rapid population growth in the coming years.
That includes on the fringes of the emerging "metroplex" between Austin and San Antonio. An approximately 1,185-home subdivision called Haney Park is proposed for 245 acres in Hays County. It would in the extra-territorial jurisdiction of the small city of Uhland, between Cotton Gin and High roads, according to public documents.
In addition to the homes, the development would have three commercial lots ranging from 1.3 to 4.2 acres and an 18-acre lot for multifamily residential. Haney Park could be built in five phases, according to a development agreement that was approved last week. The final plat submission for phase one is expected in 2025, with the final phase being platted in 2033.
Driving the development is a company called Haney Park LLC. It was not clear who was behind the company, which was incorporated earlier this year, according to state records.
Meanwhile, Luna Rosa is proposed as a 1,649-home subdivision on 688 acres in Caldwell County, according to public documents.
Luna Rosa is being developed by Cayetano Development LLC while the 688 acres are owned by owned by Rancho Bell LLC. Cayetano is an Austin-based developer of affordable single-family communities that's also involved in mortgage origination and servicing, according to its website. The company said online it has developed more than 40 subdivisions in Texas, including a few in the Uhland area.
The two communities would be about 15 miles apart along State Highway 21.
Luna Rosa — located at 3680 Lytton Lane in the small city of Dale — would be built in six phases with quarter-acre minimum lot sizes. In addition to the single-family residences, Luna Rosa will have 36 limited commercial lots and an on-site wastewater treatment facility.
On Aug. 22, commissions in Hays County and Caldwell County voted in favor of separate development agreements for those neighborhoods.
Prospective home prices for the new neighborhoods were not known. Median sales prices in the Austin metro have been trending downward in recent months, hitting $405,243 in Hays County in July, a 10% year-over-year decrease, and falling 20% year-over-year to $298,048 in Caldwell County, according to Austin Board of Realtors data. The metro-wide median was $462,000 last month.
Uhland and Dale are small communities on the periphery of Central Texas' explosive growth. Uhland, northeast of San Marcos, had an estimated 2021 population of 1,594, according to U.S. Census Bureau data. Dale is an unincorporated community northeast of Lockhart.
They are both in counties that have seen immense change and are poised for further transformation. Hays County's population grew from 157,107 in 2010 to an estimated 269,225 in July 2022, the Census Bureau reported. Hays County was the fastest-growing county of its size in the United States from 2010 to 2020, according to Census data.
From 2010 to July 2022, Caldwell County’s population increased from 38,066 to an estimated 47,848.
Economic development and demographic experts have referred to the area between Austin and San Antonio as the state's next metroplex, as the development of the two large cities at either end of the corridor spills over into the open, cheaper land along I-35."
Source: Austin Business Journal
Written by: Cody Baird
Published: August 28, 2023
Posted by Grossman & Jones Group on
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