Georgetown City Council cleared the way for Heirloom—a planned 620-acre mixed-use development—to begin construction following the approval of its public improvement district agreement at an Oct. 27 meeting.
What it means
PIDs work by levying city bonds to fund the upfront cost of infrastructure, which homeowners pay back through a special assessment.
Council members unanimously approved the special assessment ordinance and the Service and Assessment Plan for the Heirloom PID following a public hearing Oct. 27. Officials also authorized the issuance of $20.89 million in city bonds to fund construction.
The bonds will help fund:
The 3,600-unit development near Williams Drive and Ronald Reagan Boulevard will also feature residential and commercial components, as well as a future Georgetown ISD school site.
What's next
Logan Kimble, Columnar Investments vice president of land operations, said the approval clears the way for construction to begin on the development. Initial work will focus on building infrastructure including constructing the main commercial loop road and completing the first phases of residential lots.
Completion of the first phase is targeted for May or June of next year, Kimble said. Homebuilders are already secured with announcements coming soon, and a groundbreaking event is scheduled for Nov. 5, he said.
The development is zoned for a corporate campus, multifamily housing, big-box retail and smaller commercial spaces. Although Kimble mentioned attracting a large-scale grocery retailer like Trader Joe's previously, he clarified that this was an aspirational goal.
"We're open to being flexible with the market," Kimble said.
The background
Heirloom Georgetown originally received City Council approval to move forward with the development in August 2025.
In July 2026, council members agreed to increase the upfront infrastructure funding.
