Exciting projects in Northern Hays and South Travis Counties.
Some projects that are being planned for the South Austin and Dripping Springs areas:
· 1. Dos Lagos: 35 homes, from $350,000 to $600,000.
· 2. Scenic Green: 900 homes on 676 acres, in the $300,000s. Development agreement approved.
· 3. Creek Road Ranch: 23 lots.
· 4. Bella Vista: 89 homes, starting at about $300,000.
· 5. Hidden Springs Ranch: Construction on Phase II, with 52 homes, is starting. Phase I has 48 homes.
· 6. Arrowhead Ranch: 200 lots. Development agreement approved.
· 7. Legacy Trails: 100-home subdivision, starting at $275,000.
· 8. Headwaters at Barton Creek: 1,000-home master-planned community. Homes from 180,000 to $600,000. Preliminary plat approved for first phase.
· 9. The Preserve: 69 homes starting at $500,000.
· 10. Counts Ranch: 104 lots. Not yet approved by planning and zoning.
· 11. Caliterra: 450-home community. Previously approved plat has expired.
· 12. Three Oaks Ranch: 24-acre development, with several lots approved.
· 13. Garnett Subdivision: 189 acres, 89 lots. Preliminary plat approved.
· 14. Howard Ranch: 125-home development on 243 acres.
· 15. Spillar Ranch: 130 lots.
· 16. Rightwater Preserve: 675 homes ranging from $350,000 to $500,000.
· 17. Vistas at Sawyer Ranch: 177 lots on 280 acres.
· 18. Ledgestone: 350 lots on 194 acres, starting at $238,000. Development agreement approved.
· 19. Belterra: 2,000-home master-planned community on 1,600 acres, with homes from the low $200's to $900,000.
· 20. Highpointe: 1,000-home master-planned community on 740 acres.
· 21. Villa Verde: 9 homes, 8 duplexes and 20 town homes on 107 acres. Project on hold.
· 22. Reunion Ranch: More than 470 lots on 526 acres.
· 23. Salt Lick, also known as Driftwood Vineyards or Driftwood: 150 home sites on more than 500 acres, starting at $800,000.
· 24. Rim Rock: 675 homes, starting at $350,000.
Source: City of Dripping Springs
In addtion many other commercial and development tracts have been recently acquired. Of major interest, Home Depot will be open in Dripping Springs by March of 2008. Home Depot is noted as being a front runner for major US retailers and is regarded as an excellent barometer for an areas growth potential.
Austin's Growth is fueled by a Healthy Economy....and is ranked number 1 by Forbes magazine in terms of growth over the next 5 years.
High-tech, a booming film industry and the University of Texas all helped propel Austin to the top of Forbes' 2008 list of America's Fastest Growing Metros.
The magazine ranked Austin No. 1 among the nation's 100 largest metropolitan areas. The list sorted cities by their anticipated gross domestic product growth between 2007 and 2012. Austin's GMP, or the value of goods and services produced in the area, is expected to climb 32 percent over the five-year period.
Forbes credits the local boom to high-tech employers like Dell Inc. (NASDAQ: DELL) and IBM (NYSE: IBM) as well as the University of Texas, which is producing ample engineering talent.
Other cities that ranked high on the list include Atlanta, Seattle, Orlando, Houston and San Jose, Calif. The Forbes article points out that all of those cities share several key characteristics with Austin: They are tech hubs in close proximity to universities with growing population bases.
Source: The Austin Business Journal