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2023 HOME EDITION
RESIDENTIAL DEVELOPMENTS IN PROGRESS
SQUARE AT LOHMAN'S
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With continued growth, new residential developments are in the works in the Lake Travis-Westlake area.
Development size: 22 residential units, 129 townhouses and 656 multifamily units Amenities: The Oaks Shopping Center
BRIARCLIFF
Thomas Ranch/ Loraloma
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RENDERING COURTESY ARETÉ COLLECTIVE COMMUNITY IMPACT
THOMAS RANCH LORALOMA
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Travis Club
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THE PEARL 5
LAKEWAY
Development size: 2,200 acres, of which 1,300 is for Loraloma Amenities: trails, golf course, tness center and wellness center
Development size: 340 multifamily luxury apartments and 59 attached townhomes on 23 acres Amenities: public hiking trails, a restaurant and scenic views of Balcones Canyonland Preserve
BEE CREEK RD.
620
Rough Hollow
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TRAVIS CLUB 2
Square at Lohman's
HIGHLANDS BLVD.
Development size: 700 homes on more than 1,500 acres Amenities: golf course, over 30 miles of hiking and biking trails, a marina and a yacht club
The Pearl
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BEE CAVE
HAMILTON POOL RD.
GRACE DICKENS COMMUNITY IMPACT
Spanish Oaks
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Development size: 1,200-acre master-planned community and 2 million square feet of mixed use Amenities: recreational trails, boutiques, retail shops and the Inn and Spa at Spanish Oaks SPANISH OAKS 6
N MAP NOT TO SCALE
SOURCES: CITY OF BEE CAVE, CITY OF LAKEWAY, THOMAS RANCH, TRAVIS CLUB COMMUNITY IMPACT
allowing residents to connect with and preserve nature. Though most of the area’s projects show a trend of high-end luxury, Jones said the real estate market in the Lake Travis area has returned to how it was prior to the pandemic. Jones said median home prices have begun to decrease, but the area is still a seller’s market. She also said the days on market, the number of days a home sits on the market before selling, is at about 70 for June, while homes were selling almost instantly a year ago. “It’s a nice time for buyers to buy because they can actually shop for a few minutes,” Jones said. Single-family developments Single-family developments that have begun construction are Thomas Ranch, Loraloma and Travis Club in Spicewood, The Village at Spanish Oaks in Bee Cave and Rough Hollow in Lakeway. Thomas Ranch in Spicewood, approved by Travis County in 2017, will be a 2,200-acre residential devel- opment. It will have approximately 3,500 homes, apartments, restaurants, shops, a hotel and more. The project is expected to take an estimated two decades to complete and will host a population of 6,000-10,000. Amenities for Thomas Ranch include more than 40 miles of trails. Loraloma, a residential development
within the Thomas Ranch master plan, broke ground June 15. “The social aspect of this [project] is that we really want to foster com- munity and connection through the designs and the trails,” Thomas Ranch Director Meegan Beddoe said at the groundbreaking event. The 1,300-acre community will fea- ture many amenities, including hiking and biking trails, a golf course, a swim- ming hole, a wellness center, a tness center, a boutique hotel, and more. The rst 25 residential lots are slated to hit the market this summer, but the remaining homes and amenities will take up to a decade to complete. Travis Club, another residential development in Spicewood, will feature 700 homes on more than 1,500 acres as well as a signature golf course and over 30 miles of trails. Jones said she recently toured Tra- vis Club, and developers are in Phase 1 of the project. “They’re developing a new golf course, a marina and lots of commu- nity amenities,” Jones said. The Village at Spanish Oaks, located in Bee Cave, has reached the nal phase of development, but will not be complete for approximately 18 months. Located o Hwy. 71, it sits on 80 acres of the Spanish Oaks 1,200- acre master-planned development that features many amenities. Clint Garza, Bee Cave assistant city
COMMUNITY IMPACT STAFF COMMUNITY IMPACT
ROUGH HOLLOW 3
manager, said the development’s total valuation has reached $3 billion, which will generate tax dollars for the city. “That’s an exciting investment, an exciting development because it’s 2 million square feet of mixed use,” Garza said. Another development close to n- ishing out includes Rough Hollow, a resort-style residential development located in Lakeway with amenities, including a yacht club, marina, pool, splash pad and playscape. Other ame- nities include a dog park; and tennis, pickleball and basketball courts. Rough Hollow consists of more than 20 neighborhoods and has been in the works for more than a decade. Lakeway Assistant City Manager Ashby Grundman said Rough Hollow has “about 130 lots left to build,” of approximately 2,100 total lots. Multifamily developments Two multifamily developments that are in the works include The Pearl in Development size: 20 neighborhoods and 130 lots left of 2,100 lots Amenities: yacht club, marina, splash pad, playscape, amphitheater, dog park, tennis courts, basketball courts, pickleball courts
Bee Cave and The Square at Lohman’s Crossing in Lakeway. The Pearl, located o of Bee Cave Parkway and RM 620, will o er 340 multifamily luxury apartments and 59 attached townhomes. The development will include a parking structure, a restaurant and public hiking trails on almost 23 acres. Garza said The Pearl is the largest capital investment in Bee Cave. “It’s going to be really nice town- homes with an incredible view of the Balcones Canyonland Preserve,” Garza said. The Square at Lohman’s, one of the three developments for City Center—a mixed-use development project in the center of Lakeway—will o er more multifamily residential homes. Grundman said The Square at Lohman’s will add an estimated 22 residential units, 129 townhouses and 656 multifamily units. “We’re getting more multifamily that Lakeway just doesn’t have right now,” Grundman said.
For more information, visit communityimpact.com .
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LAKE TRAVIS WESTLAKE EDITION • JULY 2023
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