Some, such as Rough Hollow in Lakeway, began several years ago and are still expanding, while others, such as the conceptual multiuse development called The Square on Lohmans, are still in the design phase, and in the case of the Square on Lohmans in Lakeway, developers are working with city officials to gather community input.
Cheryl Fowlkes, owner of Cheryl Fowlkes-Superior Town & Country Realty LLC., said population growth in the area has been tremendous.
Fowlkes does a large amount of business in the Lake Travis area and said there has been an increase in demand for new homes.
“The inventory seems to be a lot lower on resales because people are looking and going, ‘We can get a brand new house for the same price as a resale,’” she said. “So, it’s like, do you want to get a used car or a brand-new car for the same price?”
The Square on Lohmans
Lakeway officials have been working with Bill Hayes of the development company Legend Communities since late 2018 to shore up ideas and specs for a second try at a multiuse development project in the heart of the city.
The project’s working title has been The Square on Lohmans, a shift from the City Center, which was the name for a different project in the same area on Lohmans Crossing Road. That project was ultimately scrapped for lack of public support in mid-2018.
For the new project, Legend Communities and the city of Lakeway have held several public meetings and most recently held two town hall events in June at the Lakeway Activity Center to gather resident input.
During the two town hall events, Hayes presented two options to attendees.
Option A is a medium-density standard-zoning development containing a 1.5-acre park, 82,000 square feet of commercial space, 152 residential units and a two-lane main street. Hayes explained the medium-density moniker fits because there would be less than five residential units per acre.
Option B has roughly the same commercial square footage at 81,200; a four-lane divided main street, including Lohmans Spur as a four-lane undivided road; a 3-acre park and 227 residential homes that include condominium-style units.
The second option requires variances because Lakeway no longer has R-5, or condominium zoning, Hayes said.
Lakeway Mayor Sandy Cox said comments from both town halls combined with online feedback will help Legend Communities move forward with the best option for the development.
Provence is a master-planned community along Hamilton Pool Road south of Hwy. 71 that is now selling lots an for its first phase and section of 150 homes.
Samantha Meredith, marketing manager for developer Masonwood Development Corp., said there were some delays to the front entry of the first phase along Hamilton Pool road due to heavy rainfall in the area in May.
Meredith said the entrance to Phase 1, Section 1 of the development, along with an expansion to Hamilton Pool, should be complete by the end of July.
“But, we can definitely set up appointments for people to come visit,” Meredith said. “The builders are taking presales, so I am able to give salespeoples’ information out to the public for anybody who is interested.”
The two builders for the development have split the lots of Phase 1, Section 1 evenly, and the home prices are starting in the high $300s, and Meredith said Masonwood Development anticipates those homes to be complete by the end of 2020.
“There has been so much interest in the homes here, so we are predicting that it will sell out within the 18 months once we get started selling the homes,” she said.
Bill Hayes, chief operating officer for Rough Hollow developer Legend Communities, said the Lake Travis-adjacent community in Lakeway has several new phases under construction within the project.
Rough Hollow began more than 10 years ago and now consists of more than 20 neighborhoods.
Hayes said several new sections within the development with lot sizes ranging from 55-90 feet are due for completion this summer, including a section of 48 lots called Vista Ridge, a section of 47 lots called Arroyo Divide and a section of 69 lots called Canyon Pass.
By the end of summer, another section of 111 lots called La Mesa should be ready, Hayes said.
Beyond the new homes being developed, Hayes said developers are working on several additions to its amenities center at Highland Village.
“The tennis and basketball courts have recently opened. We are starting the second phase of the project in the next 60-90 days,” Hayes said. “The second phase will include the soccer fields, sand volleyball and dog park.”
Signal Hill Estates
The Signal Hill Estates development in Bee Cave is located north of Hamilton Pool and west of Cueva Drive in Bee Cave and saw its preliminary plat for 61 residences approved in October 2017 and its final plat and site plan approved in March.
In May, Bee Cave City Council granted several amendments to the project’s development agreement, propelling the 94-acre neighborhood forward to completion. Developer Evan Loomis said Signal Hill should be complete by or before spring 2022 and that 29 of the lots have already sold.
Another facet of the development separating it from many other residential projects in the Lake Travis area is its large lot size, which is between 1-3 acres.
Loomis said right now amenities are being added to Signal Hill, including park improvements and playscapes, as well as almost a mile of walking trails.
“That’s kind of like the bow tie on top of the present that makes everything look official,” Loomis said, adding he is hoping to get full approval for the development from the city of Bee Cave this summer.
The Village at Spanish Oaks
The Village at Spanish Oaks is the final phase of the Spanish Oaks development south of Hwy. 71 in Bee Cave.
It was first proposed to city officials in August 2018; the last action on the development came during the Oct. 23 Bee Cave City Council meeting, during which council voted unanimously to amend the zoning of the project’s 80 acres to planned development-mixed use.
Bee Cave City Manager Clint Garza said the October vote set in place a timeline for developers CCNG Inc. and Arizona-based Greenbrier Southwest Corp. to submit a site plan for the first phase of infrastructure, which is four years from Oct. 23, 2018.
The developers have not yet projected a completion date, but the specs for the project include between 500 and 800 residential units, as well as 75,000 square feet of retail and dining space.