Toll Brothers to develop remaining homes in Belterra project


Highlights

Construction is expected to begin early next year, according to Toll Brothers.

Belterra’s other builders include Highland Homes and Wilshire Homes.

Time’s running out to buy a home in the 1,600-acre Belterra community near Dripping Springs.

Toll Brothers has been selected to build homes on the project’s 144 remaining lots, Ashlar Development said.

Construction is expected to begin early next year, according to Toll Brothers, a nationally known builder with a significant presence in Central Texas.

Belterra’s other builders include Highland Homes and Wilshire Homes.

“We’ve watched with considerable interest how Belterra developed quickly into a standout community, and we’re proud to be the homebuilder that will complete Belterra as one of the most sought-after communities in Central Texas,” Toll Brothers division vice president Brandon Cooper said in a written statement. “We look forward to bringing the proven, high-level luxury home product that has made us a builder of choice in communities all over the region and the nation.”

Prices for Toll Brothers’ offerings in Belterra haven’t been released.

Belterra is one of three communities Dallas-based Ashlar Development is currently working on in Texas. The others are The Groves in Northeast Houston and Wildridge in Dallas.

Together, the three projects will have 5,400 homes when completed.

“The number of new home sites available at Belterra is reducing at a measured pace,” Ashlar president Steve Yetts said. “This new phase of home sites represents one of the few remaining opportunities for new home buyers to join the Belterra lifestyle, and now is certainly the time to pursue it.”

A master-planned community, Belterra’s amenities include 400 acres of land left intentionally undeveloped as open space and more than 6 miles of trails. The recently opened Retreat at San Saba complex features a pavilion, splash pad, fitness facilities and an event lawn.

At the same time residential construction is starting to wind down, commercial development is kicking into high gear in Belterra. Belterra Village, a 93-acre mixed-use project at the southwest corner of U.S. 290 and Nutty Brown Road, will include a 14-screen Sky Cinemas theater, Gold’s Gym, Breed & Co. Ace Hardware, Spec’s, Pet Supplies Plus, Stein Mart, Ulta Beauty, Pieous pizzeria, Torchy’s Tacos, Hat Creek Burger Co. and James Avery jewelry.

Austin-based Endeavor Real Estate Group, developer of Domain Northside in North Austin and The Parke in Cedar Park, is still marketing the center to other potential tenants.

The first businesses in the 200,000-square-foot Belterra Village are expected to open their doors early next year.

San Antonio-based H-E-B, the region’s dominant grocer, has acquired land nearby for a future store, as well.



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