Although two new local developments will be years in the making, plans for them are well underway. Age-restricted neighborhood Tuscan Village Horseshoe Bay, featuring a faux vineyard, is set for pre-construction sales this summer, and multiuse Lakeway City Center will break ground in early 2018.
Tuscan Village horseshoe bay[/caption]
Tuscan Village Horseshoe Bay
Legend Communities is developing age-restricted Tuscan Village Horseshoe Bay on 68 acres within the master-planned Summit Rock Golf Course Community off Hwy. 71.
The project will include 300 homes limited to buyers age 55 and older, trails and open spaces, said Bill Hayes, chief operating officer of Legend Communities. Golf estate lots are also featured, he said.
“Right now we are about to develop Phase 1 [of three phases],” he said. “If for whatever reason the market pushes us in some direction, we have the ability to modify our plan to accommodate that.”
Hayes said the company’s interest in the Horseshoe Bay site stems from its “key components.”
“Having a hospital nearby is very important,” he said. “Having the right demographics—Lakeway is pretty affluent, and Horseshoe Bay is pretty affluent, especially for the level of homes we want to build. If you go to Sun City, you get [a home] in the $100,000s but you are getting a tract home that has the minimum features.
"The fact that Horseshoe Bay Resort is close by with all of the amenities—the four golf courses—[constructing] a golf community helps.”
Lakeway City Center
Lakeway City Center[/caption]
Legend Communities founder and CEO Haythem Dawlett told Lakeway City Council on Feb. 14 his company’s proposal for a planned development district encompassing Lakeway’s last large land tract will include walkable residential and commercial areas centered around a village green with possibly a performing arts center.
The company is under contract to purchase a 78-acre tract of land—bordered by RR 620, Lohmans Crossing and Rolling Green Drive—from the Lakeway Municipal Utility District.
The project’s village green will serve as its “community heart,” said Thomas Kopf, director of planning for DTJ Design, the developer’s community design consultant.
“[The project] is not about cars; it’s about people,” he said. “Everyday life happens on the street, and that’s how we make these places come alive.”
The development will have a range of housing price points, said Bill Hayes, chief operating officer at Legend Communities.
“The concept for the name, Lakeway City Center, has more of that cosmopolitan, urban feel to it," he said.
The city has performed studies on the viability of a performing arts center, and Hayes said Legend will be undertaking research to understand what the center can do to contribute to the project’s overall viability.
“We told Lakeway people they would have input as to whether they would want [a performing arts center], so maybe, in your market research, you could find out if people want this [center],” Lakeway City Council Member Ron Massa said to Hayes. “And they may not because of traffic issues.”