PSW Real Estate builds two new Austin-area single family communities

Jun 6, 2014
Austin Business Journal

PSW Real Estate, which has built a solid track record of creating popular infill residential developments in Tarrytown and South Austin, will break ground soon on two small single family communities in the Great Hills area of Northwest Austin

The area, which features dense foliage and rolling terrain, is a popular neighborhood that’s largely built out, but PSW executives were able to scout out some small land parcels to build upscale homes — a specialty that they’ve perfected over the years

One development, dubbed “Spicewood,” will feature 13 detached homes with a common pool at 4101 Spicewood Springs Road. The style of the homes will be “modern farmhouse.” The 2.5-acre site east of Mesa Drive was acquired from an individual who has been a longstanding property owner in the area. Over the years he’s sold off chunks and has now just reserved a small parcel for himself behind the lots that PSW acquired

The second community, known as “Cima Hills,” will include 16 detached homes

The homes in both communities should be available in early 2015

Anthony Siela, co-founder of PSW Real Estate., with co-founder Ryan Diepenbrock and executives Jim Bernard and Mike Andrus, have carved out a successful niche, with small, upscale detached and attached communities near the urban core

Recently, 609 W. Lynn St., 5011 Balcones Dr. and 12th Street Court at 12th Street and Exposition Boulevard sold out before they were completed

New projects in South Austin, including Canopy at Lightsey and Del Curto roads, Sweetbriar on West Stassney Lane and Creekside on South First Street have been selling at a rapid clip

Plans for a new condo project by PSW just south of Downtown Austin were revealed last week. Earlier this year, PSW officials said the company would build its first Austin apartment project near South Lamar Boulevard and Oltorf Street

The company’s model is a little unusual. All of the architectural design is handled in-house and the company handles all its own construction

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