Grossman & Jones Real Estate Blog - new construction

"About 1,400 new homes pegged for fast-growing Lockhart"

Austin Business Journal shares, "A big development in Lockhart will add about 1,400 homes to the fast-growing city south of Austin.

Houston-based Perry Homes is already hard at work building infrastructure for its Juniper Springs neighborhood, which will total about 400 acres, said Chris Little, president of Perry Homes Central Texas. The neighborhood also will have a new elementary school that will be part of the Lockhart Independent School District, according to an announcement.

“Heavy infrastructure work [at Juniper Springs] has been underway,” with completions of lots expected this summer and model homes ready to tour in the fall, Little said.

He described Juniper Springs as a “legacy project for Perry Homes” that will be built over…

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"Second phase of sprawling Hill Country master-planned community to rise soon"

Austin Business Journal shares, "Hundreds of homes are set to rise west of Austin after a developer secured a $106 million loan for the next phase of a master-planned community.

Austin-based Masonwood Development will begin the second phase of its Provence community early next year, CEO Jim Meredith said in a statement, thanks to the loan from Canadian-based Trez Capital.

The closing of the loan enabled “us to to immediately begin the infrastructure and development of Phase II of this prized project,” Meredith said.

Masonwood collaborated with John Hutchinson and Jason Stowe at Trez Capital to secure the loan.

Provence, a 910-acre development at 16314 Hamilton Pool Road, broke ground in early 2018 and 151 homes have been built so far. But…

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"Leander annexes over 300 acres for new neighborhood"

Austin Business Journal shares, "Leander is one of the fastest-growing cities in the metro, and that growth is poised to continue.

Leander City Council annexed more than 300 acres for a new subdivision, called Oakwood Hills, in May that will add about 200 homes to the suburb northwest of Austin.

The project is being developed by 23244 Nameless Rd. LLC.

Oakwood Hills is located on 337 acres at 23244 Nameless Road on the western edge of Leander, according to council documents. The land is currently undeveloped, and developers are proposing to build single-family homes on 174 one- to two-acre lots.

Leander is one of the fastest-growing cities in the entire metro, according to the U.S. Census Bureau. Its population boomed from 59,202 in 2020…

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"Leander Springs project to return to City Council over next few months"

Austin Business Journal reports, "Developers behind the Leander Springs project near Austin reaffirmed their commitment to build the billion-dollar, 78-acre lagoon-centered mixed-use project despite numerous challenges — including owing millions to contractors and losing their incentives agreement.

Austin-based iLand Development Group on June 18 said it "is moving forward with confidence" despite the setbacks and has submitted amendments to its development agreement and planned unit development.

"We recognize there’s been frustration around the timeline, but it’s important the public understand the full picture," iLand CEO Andrey Derevianko said in a statement.

"We have worked diligently and in good faith to move this project forward, while…

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"Multifamily project on tap along Colorado River in East Austin"

Austin Business Journal shares, "An East Austin lumber yard could be redeveloped into hundreds of multifamily units.

The 300-plus-unit project is planned at the former site of Eastside Lumber & Decking near the intersection of East Cesar Chavez Street and North Pleasant Valley Road.

The developer of the project, JLB Cesar Chavez, is Dallas-based JLB Partners, according to a filing with the Texas Department of Licensing and Regulation. The property owner is an entity called TRG Cesar Burleson LLC, according to Travis Central Appraisal District. The address of TRG Cesar Burleson LLC matches that of Dallas-based Trinsic Residential Group.

Neither JLB nor Trinsic — known apartment players in this market already — responded to requests for…

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"New MUD in Round Rock projected to add nearly 1,000 homes to city"

Austin Business Journal reports, "Nearly 1,000 homes are on tap for Round Rock.

Round Rock City Council on June 12 unanimously approved multiple agenda items that saw 230 acres annexed into the city, as well as that land getting turned into a municipal utility district with a development agreement.

The MUD will be built out by New Home Co., according to its Austin Division President Bill Peckman, who spoke at the meeting. The owners of the property at the intersection of Westinghouse Road and County Road 110 are Debra Kay Briggs and Marc Briggs, according to the development agreement.

Overall, there would be 900 single-family homes in the new neighborhood, and Peckman said the home lots would be 50, 60 and 70 feet. The project is on a 10-year…

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"Multiple new multifamily projects on tap, from The Domain to South Congress"

While deliveries of multifamily projects in the Austin area have been forecast to decline in the coming years, some are still being planned.

From The Domain to South Congress Avenue, developers have projects on tap ranging from townhome complexes to mid-rise apartment buildings, according to three site plan applications filed with the city. They're in the works at a time when uncertainty swirls around the metro's multifamily market and a number of other projects have been canceled or delayed.

Multifamily vacancy came in at 15.5% in April, according to ApartmentData.com, an elevated level that's a concern for developers and property managers because high vacancy rates lead to lower rental rates and less new development as investors hesitate to…

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"Big mixed-use project expected to rise in South Austin's St. Elmo District"

A big mixed-use development is being planned in the St. Elmo District.

The development, known simply by its address of 4201 S. Congress Ave., would feature around 200,000 square feet of retail, restaurant and office space in multiple mid-rise buildings at the intersection of South Congress Avenue and Industrial Boulevard, according to a site plan application filed with the city.

The developer and owner of the property is an entity called 4201 S Congress Ave Owner LLC, the address of which matches that of California-based developer Redcar Properties, which is developing a creative office project farther south in the St. Elmo District. Redcar did not respond to requests for comment.

The eight proposed buildings carry a range of uses and sizes,…

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"Austin boasts 9th highest rate of new home construction in U.S."

CultureMap Austin writes, "Austin is trying to accommodate its housing demand by building more homes than most other U.S. cities, a new report has found.

According to a new ConsumerAffairs housing report, Austin has the ninth highest rate of new home construction in the nation for 2025. The research platform analyzed new building permits and new construction home sales from January and February 2025 in the 150 largest U.S. cities.

Houston (No. 1) and Dallas (No. 2) led the nation as the top two cities building the most new homes this year.

The findings revealed there were 3,889 new building permits issued during the first two months of the year in Austin, and 520 newly built homes were sold during that same period.

The city is keeping pace…

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"Metro's fastest-growing neighborhood to add another 1,000 homes"

Austin Business Journal writes, "Liberty Hill’s Santa Rita Ranch just keeps growing.

The sprawling 3,700-acre development — where more than 4,000 homes have been sold — is already the region’s fastest-growing neighborhood. Now, 1,000 more homes are going to be added to the community, according to an announcement.

Perry Homes will build the new homes in an area called Eldorado Village. They'll rise on 50-, 60- and 70-foot lots, with 66 different floor plans available to buyers. Floor plans will range from 2,100 square feet to 4,891 square feet.

“We’re particularly excited about Eldorado Village because of its location in the community,” stated Santa Rita Ranch developer Ed Horne. “These homesites are situated on some of the highest points in…

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