Crescent Communities Announces Plans for New Master-Planned Community in Leander, Texas
Jan 9, 2014
Crescent Communities, a real estate investment, development and operations company, is set to begin development of a 500-acre, master-planned community in Leander, Texas. Designed as a transit-oriented development (TOD), the community will offer close proximity to Austin, a strong school district and inviting hill country topography for residents to enjoy
The property, an assemblage of two adjacent land tracts approximately 27 miles north-northwest of downtown Austin, fronts the new 183A toll road and is near the terminus of the Capital Metro Rail Line. Providing easy access to major employment centers, the master-planned community will incorporate modern amenities and the beauty of the natural environment
When complete, the community will include approximately 1,250 homes. It is located within the Leander school district, the largest school district in Williamson County and the fastest-growing district in Texas, a market that Crescent sees as one of the most dynamic in the United States.
This marks Crescent's fourth new investment in Texas. The company, which is developing the lakefront community Rough Hollow on Austin's Lake Travis, recently began development in Dripping Springs' Belterra and announced plans for a new master-planned community in Oak Point near Dallas. Crescent also broke ground on The Groves, the company's first master-planned community in Houston, last month