The 80-acre mixed-use development is set to begin construction on its first phase in the fourth quarter of this year with 24 freestanding residential terraces. Also included in the first phase of the project is the Main Street district, a classic pedestrian-oriented area with restaurants and shops on the ground floor with residential above.
“We’re working on a lot of architecture right now, so it’s going to be around nine months before you see a lot more construction coming out of the ground,” Creveling said.
With an emphasis on rock work and landscaping, a trail system will be developed through the water quality ponds. This serves to make the ponds, intended for flood prevention and stormwater treatment, both functional and usable, Creveling said. The flood plain walls will prevent overflow from Little Barton Creek, which runs directly through the Spanish Oaks development.
The Main Street district is the area where people will want to “hang out,” Creveling said, with a luxury hotel and spa, a new Bee Cave City Hall, retail shops, public parking, restaurants and more. The second project to break ground will likely be condo flats—a four-story, townhome style product that will be available for sale—Creveling said. Around 250,000 square feet of office space off Hwy. 71 will likely be the first out-of-the-ground project for the corporate district, Creveling said.
The Village at Spanish Oaks is the final phase of the Spanish Oaks development located off Hwy. 71, totaling 1,200 acres. Due to the low density of housing south of Little Barton Creek, more density is able to be added to a mixed-use development north of the creek, Creveling said. The development is a joint venture between CCNG Inc. and Greenbrier Southwest Corp. of Scottsdale. The project is being developed by a private company, and financial figures have not been released at this time.
