Texas sees important new realty development
Natural Development LLC is an Austin-based developer with big plans for Watersedge, the unlikely name of the high-class community to be created on the Greenfield site near the Texas 71 and Texas 130.
The company envisions a several thousand-strong community of residents living and working in 1,800 homes and businesses with views of the creek, and high-end homes with gardens fronting onto the Colorado River. Roads will be lined with cedar and oak trees and a great diversity of home styles means that almost anyone will be able to afford to live in the community.
The project is expected to cost around $250 million and will take several years to complete, meaning that the homes that make up part of the first phase will only be ready for actual habitation well after the recession has been put behind us. At least this is what Natural Development is no doubt hoping.
Eric Willis, president of Natural Development, told Texas news media that the first phase of housing would only be ready for construction in 2012, once the 200 plots had been developed. These 200 houses would be part of the development’s affordable housing portfolio with various townhouses and semi-detached homes offered at $160,000 to $200,000.
There will be 240 apartments and 320 townhouses in total, according to final-stage notes, with an additional 1,250 detached houses and about 350,000 square feet of commercial and retail development on 25 acres of land, which will be for businesses looking to tap into the captive residential market created here.
The development is part of a forward-looking plan that sees the US housing market rebounding from the downturn in years to come. When that happens, Willis believes his company will be perfectly positioned to benefit from the turnaround as demand for affordable housing will increase faster than developers, grown wary from the recession, can keep up.
Furthermore, the area in which Watersedge is located, between Bastrop and Austin, will inevitably see major growth, according to Willis, because the two cities will grow together. This will also increase the demand for land on which to develop homes and businesses.
Already Willis’ vision for the area appears to be taking shape. New developments nearby such as the Formula One racetrack show that other investors also have faith in the future potential of the area and the various facilities that will likely grow up around the racetrack will be sources of employment and greater faith in Natural Development’s project as well.
Yet, for reasons quite apart from this Willis was all smiles. The Formula One racetrack was meant to be a housing development as well, with 1,800 homes on the site, so that change of use signals the exit of a potential competitor and a complimentary development instead.
In almost all aspects Watersedge has greater feasibility than any other proposed development in the area as Natural Developments LLC have done their homework. The company has secured planning permission, environmental clearance and various other permits from Austin in place and has conducted a comprehensive environmental impact survey.
In addition to Watersedge, which will be completed around 2020, Natural Developments LLC is also planning a 2000-home community near Dripping Springs, that project is slated for completion in 2016.
Comments
More Texas State News
RSS-
50 arrested for DWI during ROT Rally
AUSTIN (KXAN) - Bikers in town for the Republic of Texas rally kept first responders and police busy over the weekend. EMS workers across Travis County responded to 21 motorcycle-related incidents between Thursday and Sunday, including one fatal wreck after a woman was thrown from a motorcycle Thursday. Seventeen people were taken to area hospitals. Austin Police also had a busy weekend. During ...
-
Grapevine-Colleyville school trustees pass a budget with no raises
GRAPEVINE — Grapevine-Colleyville school trustees passed a conservative 2013-14 budget Monday night that provides no cost-of-living raises or pay raises for beginning teachers like some other area ...
-
Tarrant County district attorney testifies in case challenging his office
Shannon was called to testify in a hearing on a motion by Perez to disqualify the district attorney’s office from prosecuting him. Perez is accused in a six-count indictment, handed down in April 2012, of causing false entries to be made on campaign finance reports filed in May 2009 for Aaron Reich, a candidate in an Arlington school board ...
-
2 North Texas men charged with neglecting pony
SPRINGTOWN, Texas (AP) -- Two North Texas men are facing animal cruelty charges for allegedly neglecting a Shetland pony that was malnourished, suffering from an infected wound and living in squalid ...
-
MLB Detroit 5 Baltimore 1
Max Scherzer improved to 10-0 with six innings of one-run ball Monday and the Detroit Tigers hung a 5-1 defeat on Baltimore. Scherzer is unbeaten in 14 starts this season and racked up his third win in three appearances with the 113-pitch performance, during which he allowed seven hits and two walks while striking out 10. The right-hander, who has logged 116 strikeouts over 96 1/3 innings this ...
-
Austin missed Flag Day again this year
Resolved that the flag of the thirteen United States be Thirteen stripes alternate red and white: that the union be thirteen stars, white in a blue field, representing a new ...
-
North Texas woman sentenced after fleeing trial
DALLAS (AP) -- A North Texas woman who fled her trial after being convicted of child sex trafficking and compelling prostitution has been sentenced in absentia to 25 years in ...
-
Parents file suit in Texas students shooting
BROWNSVILLE, Texas (AP) -- The parents of a 15-year-old boy who was fatally shot last year by police in a South Texas middle school hallway have filed a federal ...
-
SE Texas school district subject of state probe
BEAUMONT, Texas (AP) -- A Southeast Texas school district says it will cooperate fully with a state investigation that will review several areas of its ...
-
Troopers software helps nab more DWI suspects
WILLIAMSON COUNTY, Texas (KXAN) - State Trooper Michael Reisen says he knows what it's like to be hit by a drunk driver, and he is lucky to be alive. "We average about 1,100 to 1,200 fatalities a year (because of) DWI's in the state of Texas," Reisen said, "which is usually in the top one or two in the nation." He says those alarming numbers was his motivation to take ...
-
Corpus Christi ISD trustees approve plan to add sixth high school
Corpus Christi ISD The project is part of the district's 2010 voter-approved bond issue; a new Southside high school is planned to open in August ...
-
Police investigate murder in La Grange
LA GRANGE, Texas (KXAN) - The Fayette County Sheriff's Office with the help of the Texas Rangers are investigating a murder in La Grange. An investigator with the sheriff's office said the murder happened Monday morning on Truesdale Road. Authorities have not released the name of the victim and how the victim was killed. Also on Monday, La Grange police reported a juvenile escapee ...
-
Shark attacks teen in Texas
HOUSTON, TX - A shark attacked a teenager Monday afternoon as he swam in waist-deep water at Surfside Beach, along Texas's Gulf coast, local police said. The 15-year-old started beating the shark with both hands after it had bitten his lower left leg, according to Surfside Assistant Police Chief Gregg Bisso. The shark then bit the teen on the left hand. Kids from his church group, who were ...
-
Profar becomes youngest Rangers DH
Email ARLINGTON -- Manager Ron Washington's efforts to get Jurickson Profar into the lineup led to a bit of trivia being created on Monday night. Profar, who is 20 years and 117 days old, was batting leadoff as the Rangers' designated hitter. Profar is the youngest player to ever be used as the designated hitter in the leadoff spot since the position was created by the American League ...
-
Rangers rest Berkman for second straight game
Email ARLINGTON -- Designated hitter Lance Berkman was out of the lineup for the second straight game on Monday as the Rangers try to get him back as physically strong as possible. Berkman had two operations on his right knee last season and four total in his career, and there is a concern that has taken away some of his power at the plate. Berkman, a switch-hitter, said he is still not able to ...
-
Shoulder discomfort still limiting Ogando
Email ARLINGTON -- Alexi Ogando remains limited to throwing on flat ground while waiting for the discomfort in his right shoulder to subside. Ogando last pitched on June 5 in Boston and is eligible to come off the disabled list on Friday. But the Rangers aren't going to let him throw off a mound until the discomfort completely goes away. Ogando was on the disabled list from May 16 to June ...
-
Soria nearing rehab assignment
ARLINGTON -- Joakim Soria, who has not pitched in the Major Leagues since 2011, is getting ready to go on a rehab assignment. Soria threw approximately 30 pitches of live batting practice on Monday without any issues, and the next step could be pitching for Double-A Frisco as early as Thursday. "I feel good, my arm is ready to go," Soria said. "I feel consistently good. … ...
-
After signing Thurman gets big league treatment
Email HOUSTON -- Astros second-round pick Andrew Thurman isn't a Major Leaguer yet, but his experience in Minute Maid Park during Monday's pregame mirrored the routine of one. After all, Thurman, the No. 40 overall pick, has a pro contract now, inking a deal with Houston on Monday. A right-handed starter out of UC-Irvine, Thurman signed for the full slot bonus assigned to his pick -- ...
-
Astros fully engaged in talks with No. 1 pick Appel
Email HOUSTON -- Astros general manager Jeff Luhnow said Monday the club is "fully engaged" in contract talks with No. 1 overall pick Mark Appel, the right-handed pitcher from Stanford, and hopes to be able to complete a deal this week. While it was reported late last week the Astros and Appel had reached a deal, Luhnow said he wanted to wait until Appel's commencement exercises ...
-
Crowe supplants Paredes as starter in right field
Email HOUSTON -- Trevor Crowe has overtaken a struggling Jimmy Paredes as the starter in right field for the time being, Astros manager Bo Porter said Monday. It's hardly a surprise, considering Crowe has started seven of the last nine games and Paredes is mired in an extended slump, with just one hit over 21 at-bats in June. Crowe's .194 batting average isn't lighting the world ...
-
Teen fatally stabbed while protecting mother
BAYTOWN, Texas (AP) -- Police say a 16-year-old Houston-area boy was fatally stabbed as he tried to protect his mother when her ex-boyfriend attacked ...
-
Texas lake briefly closed after barrel found
PFLUGERVILLE, Texas (AP) -- A Central Texas lake and popular recreational area was closed for several hours after a 55-gallon barrel with unknown material was found floating in the ...
Texas News Digest
-
Texas sees important new realty development
Natural Development LCC is a local real estate company in Texas that has bought over 400 acres of land adjacent to Onion Creek and the Colorado River and between the Texas 130 and Texas 71 with plans to turn it into a small town with over 1000 homes and business and thousands of residents.
Natural Development LLC is an Austin-based developer with big plans for Watersedge, the unlikely name of the high-class community to be created on the Greenfield site near the Texas 71 and Texas 130. Read more
News from around our Network
