{"id":385667,"date":"2026-07-24T22:57:09","date_gmt":"2026-07-24T22:57:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/385667\/"},"modified":"2026-07-24T22:57:09","modified_gmt":"2026-07-24T22:57:09","slug":"funding-secured-for-new-254-acre-mixed-use-development-in-marble-falls-lake-travis-westlake","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/385667\/","title":{"rendered":"Funding secured for new 254-acre mixed use development in Marble Falls | Lake Travis &#8211; Westlake"},"content":{"rendered":"<p>Construction on a new 254-acre mixed use development called &#8220;The Highlands&#8221; near Marble Falls is expected to begin in September after securing a $28.2 million construction grant, according to a news release from <a href=\"https:\/\/rockspring.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Rockspring<\/a>, a Texas-based real estate firm spearheading the development.<\/p>\n<p>The overview<\/p>\n<p>The 254-acre project along Manzano Mile at FM 1431 is planned to have 467 single-family homes in addition to apartments, townhomes, estate lots and commercial pads.<\/p>\n<p>The location puts the development five minutes from downtown Marble Falls and directly across from Colt Elementary and Marble Falls High School.<\/p>\n<p>According to Rockspring, the area is a \u201chigh growth corridor\u201d with a \u201csustained housing demand.\u201d<\/p>\n<p>The details<\/p>\n<p>Rockspring has closed a $28.2 million construction loan in addition to a Public Infrastructure Development Bond that is being finalized with the <a href=\"https:\/\/marblefallstx.gov\/\" rel=\"nofollow noopener\" target=\"_blank\">city of Marble Falls<\/a>.<\/p>\n<p>The project is expected to cost over $70 million, according to the news release.<\/p>\n<p>Rockspring will execute the horizontal development including roads, utilities and site work that lay the foundation for the community, while vertical construction will be completed by other developers and homebuilders.<\/p>\n<p>What they\u2019re saying<\/p>\n<p>\u201cThis is a significant step for Marble Falls, which is benefiting from the same growth driving so much of Texas, plus offering a quality of life that keeps drawing families and businesses to this Highland Lakes region,\u201d said David Orr, regional director of Central Texas at Rockspring. \u201cThe Highlands will deliver much-needed housing and amenities to a community that is attracting folks who are seeking a high quality of life with convenient access to both Austin and San Antonio.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Construction on a new 254-acre mixed use development called &#8220;The Highlands&#8221; near Marble Falls is expected to begin&hellip;\n","protected":false},"author":2,"featured_media":385668,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[21886,132,134,133,1604,1494,110,4178,251,34407,36612,136006],"class_list":["post-385667","post","type-post","status-publish","format-standard","has-post-thumbnail","category-austin","tag-apartments","tag-austin","tag-austin-headlines","tag-austin-news","tag-community-impact","tag-construction","tag-development","tag-hill-country","tag-local-news","tag-marble-falls","tag-mixed-use","tag-rockspring"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/385667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=385667"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/385667\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/385668"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=385667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=385667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=385667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}