BY KAROLINE PFEIL
City Center
The Backyard
Median prices of homes sold in Lake Travis-Westlake, last 6 months
Some projects see a greater deal of city involve- ment, including the city of Lakeway’s upcoming downtown residential and retail development known as City Center. This development will include three separate projects: The Square at Lohmans, with commercial space and residential units; The Oaks Planned Unit Development Phase 2, bringing an apartment complex and public park; and the Tuscan Village Planned Unit Development, which includes cottages and an apartment complex known as The Jovie. While some higher-end residences are planned, more a ordable options such as W Hayes Ventures’ townhome project will be included at around the $700,000s range, developer Bill Hayes said. As for the Oaks Phase 2, delays have occurred due to disagreements between the city and developers
The Backyard is a proposed multiuse development put forward by developer Chris Milam, which contains a live music venue, o ces and a hotel. The project has been in some stage of development since at least 2014, according to previous reporting by Community Impact . Recently, water permitting discussions between the Southwestern Travis County Groundwater Conservation District, or SWTCGCD, and developers have taken place, Director Rick Scadden said. “The Backyard originally requested around 3 million gallons per year of water, and this goes back a long time. … And last year, the groundwater district approved a little over a million gallons of that request,” Scadden said. Developers at The Backyard originally contested the reduced amount issued by SWTCGCD, but have dropped their contesta- tion as of June 12, Scadden said. No comment was provided by The Backyard’s developers as to what types of permitting or next steps for the development will take place following the dropped permit contestation. “The Backyard wasn’t happy with that amount of water [permitted by the SWTCGCD], and there has been some ongoing back and forth about that.” RICK SCADDEN, SOUTHWESTERN TRAVIS COUNTY GROUNDWATER CONSERVATION DISTRICT DIRECTOR
ZIP
Median home price
78669
$692,057
78730
$1,199,000
78732
$860,000
78733
$1,282,500
78734
$674,000
78735
$947,525
78738
$850,000
78746
$1,699,900
SOURCE: AUSTIN BOARD OF REALTORS COMMUNITY IMPACT
regarding the construction of Main Street. Though the street was intended to be complete by now, developers estimate that nal completion will occur in June 2026.
The Pearl
Developers at The Morgan Group and InTown Homes are developing The Pearl, with a new town- home and apartment complex in Bee Cave. The nal layout for its townhome community was approved by Bee Cave City Council on June 10, including 13 attached townhomes and 55 total residential units. As for The Pearl’s 322-unit apartment commu- nity, certi cates of occupancy may be issued for units later in July pending City Council approval of amendments to the project’s development agreement. A project representative said leasing is expected to begin in August.
The Pearl townhomes will feature 55 residential units, while The Pearl’s apartment community will feature 322 units. (Rendering courtesy The Morgan Group)
What else?
launch event was held for the community on May 3. Discussions regarding the West Travis County Public Utility Agency’s water permitting for Mirasol Springs, a 1,400 acre-development featuring dozens of homes, a hotel, research station and two restaurants, concluded in December with the agency issuing an agreement to extend a 3-inch water pipeline to the community.
Crystal Lagoon will also soon open a new project with Ascensions on Lake Travis, o ering a 2.1-acre lagoon for swimming and water sports at the resort-style luxury home community. Other luxury communities in the works include Canyon Club, a new 60-acre project near Lake Travis that will o er a mix of 20 traditional and ve 3D-printed homes, with traditional homes starting at $2.6 million. A
Outside of these ve projects, a host of other local developments are in various stages of progress in the Lake Travis region. One of these includes the upcoming Canyon Ranch Resort, an all-inclusive resort and spa with health facilities listed in plans on the business’s website. An estimated opening date has not been provided by representatives of Canyon Ranch.
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LAKE TRAVIS WESTLAKE EDITION
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