Large Number of New Homes Scheduled to be Built in Lake Travis

If you are in the market for a new home, Lake Travis may be the place for you. Over the next 30 days, a development team will be hiring seven homebuilders, led by project developer Wheelock Street Capital LLC from Greenwich, Connecticut, to develop the 1,400-acre site. At this time there are 15 homebuilders who are hoping to be among the lucky seven chosen to help develop the Sweetwater community in Western Travis County.  The community is expected to take several years to complete, which will mean steady work for these homebuilders for the next few years.

The community is anticipated to have 1,800 homes by the time it is complete. Wheelock Street Capital LLC paid $34 million for the parcel of land when the bought it while it was in foreclosure a year ago. The price they paid was about $20 million less than the prior owner had paid for it.

The Sweetwater community is along Texas 71 near Bee Creek Road. The development of the community was put on hold when the previous developer defaulted on the loan. The new jobs this will create for the community is a welcome sign for Travis County.

If a new home is in your future, contact the Shane T. White Team if you are looking to buy or sell your home. Discover what it is like to work with a team with a real passion for real estate. Contact us today at (512) 515-LAND (5263). We are here for you to help you buy or sell real estate near Austin in the Liberty Hill area, including Leander, Georgetown, Cedar Park, and Bertram.