‘Explosive growth’ between San Antonio and Austin entices company to build 3,173-acre community
https://www.expressnews.com/sa-inc/a...y-17144712.php
As land between Austin and San Antonio is filled with subdivisions, stores and warehouses, and populations of cities along the corridor surge, a Dallas company is seeking to capitalize on the boom.
RREAF Communities recently bought 3,173 undeveloped acres at Texas 130 and Texas 80 south of Lockhart and east of San Marcos.
It’s about 60 miles from downtown San Antonio and 50 miles from downtown Austin.
The company’s master plan includes from 4,000 to 6,000 single-family homes for purchase, 2,000 to 2,500 build-to-rent single-family homes and 2,500 to 3,000 apartments. It is seeking to work with home builders.
Retail, restaurants, hotels, offices, healthcare services, light industrial facilities and schools would also be part of the development. It also calls for hike-and-bike trails, outdoor pavilions, athletic fields and fitness centers.
“We feel like that area is experiencing explosive growth and has great access to both the San Antonio and Austin MSAs,” said Shannon Livingston, president of RREAF Communities.