Photo courtesy of Armchairbuilder.com
With more than 150 people moving to Austin every day, the demand for housing is higher than ever. As a result, plans for new subdivisions are quickly being drawn up. One such subdivision that is now in development is Estancia Hill Country, located at the intersection of the Highway 45 toll road and South Interstate 35. Lennar Homes recently purchased 107 of the 600 acres available in Estancia Hill Country in order to build 385 homes over the next five years. Homes here will be priced from approximately $200,000 to $350,000. Lennar Homes was chosen over eleven other builders for the high quality of their homes and overall development plan.
Estancia Hill Country will be a gated community with many luxury neighborhood amenities. 130 acres of the development has been reserved for parks, trails and open green spaces. The community will also feature a junior Olympic-sized swimming pool, among other amenities. 1,600 apartments and townhomes will also be available in Estancia. However, this community will not be purely residential. 277,000 square feet will be available for combined retail and restaurant space. The development also includes 1.9 million square feet for a corporate office campus and 1.5 million square feet reserved for general office space, a hospital and hotel.
Austin is expected to continue growing rapidly over the next five years, and Estancia Hill Country has been designed to meet the high demand for homes in Austin. The location of Estancia is a major attraction for homeowners looking to move to the Austin area, as it is centrally located to Austin and San Marcos, and convenient to major landmarks like the Austin-Bergstrom International Airport, Southpark Meadows, the Circuit of the Americas, and downtown Austin. Future residents can expect major employers to take advantage of the available retail and office space, creating more jobs for Austinites.
Estancia Hill Country is expected to be a great addition to the continuing development of South Austin. Homebuyers looking to move to Estancia can expect sales to begin later this fall with development starting soon afterward. Stratford Land, the Dallas-based company which owns the majority of the property, is currently in talks with developers for the apartments and townhomes. For now, Austinites will keep their fingers crossed that Estancia is only the first of many new communities planned for South Austin.