From the cover
6 local housing projects move forward
Ongoing projects
Key:
Nearby affordable/workforce housing
The overview
1 BB Living • $3,000-$3,800 • 128 units • Opened November 2025
LOHMANS CROSSING RD.
Cardinal Point Apartments
620
Outside the Villas at Cardinal Hills, another multifamily development project nearing completion is Jovie Lakeway, a 55-plus “active adult community” with studio, one- and two- bedroom units near Lakeway’s incoming City Center development The Square at Lakeway. Four developments within The Square at Lakeway have plans to bring hundreds of multifamily units, over 100 townhomes, 34 multifamily condo units and 63 single-family homes. The Village at Spanish Oaks is an 18-acre development in Bee Cave with residential and commercial spaces. While the project is still in early phases, recent development plans show a multifamily apartment complex with 310 units and a senior living facility with up to 225 units. Another townhome development down the street is BB Living Sweetwater Crossing in Bee Cave, which began leasing in November. Similarly, the Provence neighborhood plans to expand with 193 townhome-style units at the Hills at Provence near Bee Cave, county documents show.
6
2
2 Jovie Lakeway • $2,400-$3,950 • 210 units • Opening June 9
4 POINTS DR.
4
620
BELLA TOSCANA AVE.
620
3 Village at Spanish Oaks • Units/cost/opening: TBD
PROUD BEAR PASS
Pearl Bee Cave
36
CAPROCK SMT DR.
Villas at Cardinal Hills
4
• 180 units • Cost: TBD • Opening 2026
BEE CAVE RD.
1
71
HAMILTON POOL RD.
5
5 Hills at Provence • 193 units • Cost/opening: TBD 6 Lakeway City Center*
3
71
OLD BEE CAVES RD.
Southwest Trails Apartments
• 6A Enclave at Lohmans, 151 multifamily units, 108 townhomes, 63 single-family units • 6B Saint Ambrose , 205 multifamily units • 6C Tuscan Village , 23 single-family cottages, 34 multifamily condos • Cost/opening: TBD
360
Live Oak Trails Apartments
290
MAP NOT TO SCALE N
*DETAILS SUBJECT TO CHANGE
SOURCES: BB LIVING, JOVIE LAKEWAY, PEARL BEE CAVE, TRAVIS COUNTY, W HAYES VENTURES COMMUNITY IMPACT
The why
Zooming in
Regional Property Manager Keri Denson said. One week after starting tours, 10 units were already leased, Denson said. In Lakeway, the two largest population groups are those ages 45-54 and 65-74. With over 200 units, Jovie Lakeway offers resident events several times a week to create a sense of community, Denson said.
As affordability continues to be a concern in the area, multifamily developments are becoming a key option for families trying to enter the Lake Travis market, said Angel Ceniceros, leasing and marketing manager for BB Living. Nearly 48% of occupied housing units in Bee Cave were multifamily units in 2024, according to U.S. Census Bureau data. “A lot of people are starting families and have outgrown traditional apartments,” Ceniceros said. “The multimillion-dollar homes are not attainable for everyone.” In April, the median home sale price for the Lake Travis area was $600,000, Unlock MLS data shows.
Since 2014, both Bee Cave and Lakeway have seen significant total population growth, with Bee Cave increasing by over 80% and Lakeway by nearly 52%. With this population growth comes an increased demand for housing. “There’s high traffic,” Ceniceros said. “Many people that can’t get into a home yet or are looking to build in the future come here.” Jovie Lakeway has also seen high demand,
Lakeway, Bee Cave 55+ population changes, 2014 and 2024 Bee Cave 2024 Bee Cave 2014 Lakeway 2014 Lakeway 2024 4K
Lake Travis median home sale price
3K
$1M
2K
$800K
1K
$600K
$0
0
Nov. '25
Dec. '25
Jan. '26
Feb. '26
March '26
April '26
55-59
60-64
65-74
75-84
85+
Age range
SOURCE: UNLOCK MLS/COMMUNITY IMPACT
SOURCE: U.S. CENSUS BUREAU/COMMUNITY IMPACT
26
COMMUNITYIMPACT.COM
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