A new commercial space named Overlook Market is under development in Spicewood.

The 1.77-acre site is located at 27225 Haynie Flat Road, Spicewood, and will feature two 2,500-square-foot restaurants and several retail spaces to be determined.

The development will overlook the Hill Country scenery and will be complete with outdoor patio spaces and balconies.

Overlook Market will be designed as a resource and potential gathering space for the surrounding Spicewood community, according to Barrett Wilson, the project manager for the developer, Canyon Homes LCC.

“We envisioned it as a kind of community gathering point for everyone in the area,” Wilson said.

The Austin-based company, which is operated by Barrett Wilson and his father, Doyle Wilson, has built and developed homes in communities such as Lost Creek, Grandview Hills and Barton Creek West, according to Canyon Homes.

Though official tenants have not been announced, Barrett Wilson said they could include businesses such as a coffee shop, a small grocery store and other Realtors.

Overlook Market remains in the early engineering phase and is working with Levy Architects, which recently designed the newly constructed Palo Verde shopping center in the Steiner Ranch region.

A tentative groundbreaking date is scheduled for next spring; however, Barrett Wilson said the timeline is still fluid.