New Development Alert
1,400 Acres in Del Valle
Hines, the international real estate firm, along with partners, Trez Capital, Caravel Ventures, and Sumitomo Forestry, announced today they have closed 1,400-acres in Southeast Austin to be developed into Mirador, a master-planned community.
Mirador will consist of 2,500 single-family lots, 50 acres of multi-family and townhomes (including attached, detached, duplexes, quadplexes) and 75 acres of commercial land. The development will continue a partnership with Gehan Homes and Lennar Homes, add David Weekley Homes, Highland Homes, MHI Homes, and will bring on more builders to in the future. Conveniently located off the 130 Toll and Highway 71, the community offers a suburban ambiance with easy access to the new Tesla Gigafactory, the Circuit of the Americas Formula One racetrack, as well as all the local restaurants, parks, live music venues and other attractions Austin offers in under 15 minutes. Plus, residents can make use of the convenient on-site amenities, such as the 60-acre lake, over 600-acres of greenbelt, community parks, extensive trails and swimming pool.
“As Austin continues to grow into the tech epicenter of Texas, coupled with a supply-constrained market, the demand for new housing is at its highest,” said Dustin Davidson, managing director at Hines. “Mirador will be critical in providing more options for Austin’s growing population and we are excited to work alongside our partners given they each provide a unique and valued perspective in single-family development.”
Hines has over 64 years of development experience in Texas and has nearly two decades of experience developing single-family communities. Since 2005, 20 communities and over 10,000 lots have been completed to date with over 20,000 additional lots currently under development in 26 different communities across our Southwest region.
Construction on new Mirador homes is expected to begin in 2022 and home sales will begin in 2023.
About the Author
Marcus Roper
Broker Associate / Compass Real Estate
Principal / The Westhorn Group
Marcus began his career as a real estate analyst at Goldman Sachs in Dallas, Texas. His team was responsible for the investment of Goldman’s capital into real estate portfolios.
Marcus has since then established himself as a Realtor® & Broker in the Western areas of Austin, specializing in high-end new construction, boutique listings, staging & design, and a seamless client experience.
Marcus enjoys viewing and playing live music, exercising on Town Lake, and playing golf at Barton Creek & Austin County Clubs.
