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New $500 Million Master-Planned Community in Southeast Austin



              houstoncronicle.com

Have you heard about the new master-planned community coming soon to South Austin? Mirador is a new development that will encompass thousands of homes over 1,400 acres of land. This $500 million project will be near Austin-Bergstrom International Airport and close to Pearce and Wolf lanes. Mirador will be just minutes from the new Tesla factory and the Circuit of the Americas. The Houston-based real estate company Hines has partnered with Trez Capital, Caravel Ventures, and Sumitomo Forestry to develop this community. Homebuilders for the project are Gehan, Lennar, David Weekley, Highland, and MHI.

Construction on the homes will begin this year. There will be 2,500 single-family homes; 1,500 apartments, townhomes, duplexes, and quadplexes; and 75 acres just for retail space. There will be more than 600 acres of greenbelt, a 60-acre lake, community parks, trails, and a swimming pool! Homes will go on the market in 2023. 

Dustin Davidson, managing director of Hines, says in a news release, “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. Mirador will be critical in providing more options for Austin’s growing population. ...”

 

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