The Wolf Ranch master-planned community features 140-acres of green space including parks, such as Barefoot Park, and trails.[/caption]

Representatives from Hillwood Communities, the city of Georgetown, Williamson County and the Wolf family gathered Dec. 10 to break ground on Wolf Ranch, a 755-acre master-planned community.

The project, located near the Hwy. 29 and I-35 intersection, will include more than 1,600 single-family homes and 900 multifamily units upon build out as well as  140 acres of green space with community parks and trails.

Dallas-based Hillwood Communities acquired the land from the Wolf family in 2014.

“I love this land,” said Iva Wolf McLachlan, managing partner of the Wolf Legacy partnership. “By choosing Hillwood we are fulfilling our responsibility of being good stewards of the land.”

McLachlan’s father, Jay Wolf, began purchasing the property in 1950 after moving his family to Georgetown so he could attend Southwestern University, she said.

The family’s history inspired portions of the development, including a park to be known as Barefoot Park that was named after a story about McLachlan’s father who did not own store-bought shoes until he was 12 years old, McLachlan said.

Hillwood President Fred Balda said the company was committed to creating a quality, sustainable development.

“Our expectation and vision is grand,” he said.

The first phase of the development includes about 214 lots, which are expected to be available in early 2017, and a community amenities center with a pool.

Home builders include Coventry Homes, David Weekley Homes, Drees Custom Homes, M/I Homes and Wilshire Homes, with home prices expected to range from $275,000 to $500,000.

“This will be [one of] the largest master-planned community in Georgetown, and we are humbled and excited that the Wolf family chose us to develop this esteemed land,” said Brian Carlock, Hillwood Communities senior vice president, in a statement. “We look forward to developing a first-class community and partnering with the city and the Wolf family to drive phenomenal economic impact in the city of Georgetown.”

Once built out, Carlock said the community would add more than $700 million of new value to the city.