Transportation
Development
BY SIENNA WIGHT
BY BEN THOMPSON
Luxury estates launch near Dripping Springs Builder Platinum Ranches announced the launch of its Maddalena Ranch luxury residential development in March. The details The 23-site project is located off Prochnow Road about 7 miles southwest of Dripping Springs. Ten-acre lots are priced from $800,000-$1.2 million and based around a 25-acre private recreational preserve. “Maddalena Ranch represents a shift back to what makes the Hill Country so special— space, silence, and stewardship,” Compass Austin marketing agent Nicole Kessler said in a statement. Maddalena Ranch is Platinum Ranches’ latest Hill Country community following developments like Hye Ranch, Mesa del Arroyo and Buckspring Ranch.
Bond dollars fund South Austin affordable housing More than $50 million for affordable housing was approved April 9, including several existing and planned South Austin complexes. The overview Units at those facilities are set aside for tenants earning a percentage of the local median family income, or MFI. Funding from Austin’s 2018 and 2022 housing bonds included: • $8 million for Journeyman Group’s Verbena Flats, with studio to three-bedroom units avail- able to tenants earning up to 30%-60% MFI • $4.7 million for the 47-home Goodnight Ranch ownership community from Austin Habitat for Humanity, with three-bedroom homes to be sold to 80% MFI buyers for $230,000 • $4.95 million to rehabilitate Narrow Road Group’s existing Arts at Turtle Creek and Cherry
Rehabilitation 1 Cherry Hill Lofts 2 Arts at Turtle Creek New development 3 Verbena Flats 4 Goodnight Ranch
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Hill Lofts apartments, with 125 units available to those earning 30%-60% MFI What else? Almost $22 million was also reserved for the city’s local housing voucher program to subsidize rental units for tenants exiting homelessness. “I continue to believe that the state and federal governments should step up and serve the people. But I’m proud of our city for continuing to invest in projects and programs like this,” council mem- ber Mike Siegel said.
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1 Darden Hill Road/CR 162 Phase 2 Project: Hays County will construct a four-lane divided roadway spanning 1.7 miles from the Sawyer Ranch roundabout to RM 1826. Update: A partially executed utility coordination public service announcement and work authorization is expected to be presented to the Hays County Commissioners Court on April 14. • Timeline: slated to complete summer 2027 • Cost: $51.79 million • Funding source: the 2016 road bond funded the schematic design 45 MOPAC
2 Oak Hill Parkway Project: The 7-mile stretch of highway has been undergoing a $677 million facelift since 2021. The four-lane, undivided roadway will become a six- lane divided highway with new frontage roads and 14 miles of shared-use paths. Update: As early as April, the Convict Hill cross- street bridge will open. • Timeline: 2022-26 (total project) • Cost: $677 million allocated for the entire project • Funding source: Texas Department of Transportation
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