Holden Hills, and Plans Call for 475 Homes on 495 Acres Abutting the Barton Creek Greenbelt
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WEDNESDAY, APRIL 28, 2021 | Austin’s Stratus Properties plans 475 homes in final section of upscale Barton Creek project Austin-based Stratus Properties plans to move ahead with a new residential section at its Barton Creek subdivision. The new development will be called Holden Hills, and plans call for 475 homes on 495 acres abutting the Barton Creek Greenbelt. Stratus Properties Shonda Novak | developed in phases in the ing couldn’t have been and detention, Armstrong Austin American-Statesman coming years. better.” Beau Armstrong, said. Holden Hills will have chairman, president and Home prices are an- he developer of a trail system connecting CEO of Stratus, said in a ticipated to range from Austin’s Bar- to the Barton Creek pre- written statement. just under $1 million for ton Creek sub- serve, giving residents ac- The first two phases are smaller homes, up to sev- division says it cess to the greenbelt. expected to be built over eral million dollars for plans to move The announcement the next five years, Arm- homes that overlook the Tforward with the last res- comes as the residen- strong said. creek and greenbelt. idential section of the up- tial real estate market in The development will Stratus, a publicly trad- scale community in west- the greater Austin area ex- require approvals from ed Austin-based company, ern Travis County. periences strong demand the city of Austin and Tra- and its predecessor com- Stratus Properties said and rising home prices. vis County. pany have been develop- the final residential sec- Total development ing Barton Creek for more tion, called Holden Hills, ‘Our timing couldn’t costs — excluding home than 33 years. The com- will have 475 homes on have been better’ construction costs — are pany bought the Barton 495 acres abutting the about $120 million for Creek County Club and Barton Creek Greenbelt. “Given the relentless land, utility infrastruc- surrounding land in 1988. The project is expected be growth in Austin, our tim- ture and water quality Stratus said the devel- WEDNESDAY, APRIL 28, 2021 | AUSTIN AMERICAN-STATESMAN opment, which is about overlooks, Stratus said. Bill Bunch with the footprint is nationally rec- 10 minutes from down- The first homes are ex- Save Our Springs Alli- ognized for sustainable town Austin off South- pected to be under con- ance, an environmental development. west Parkway, will focus struction by mid-2022, watchdog group, said “I’ve seen Stratus do on “sustainability, energy and available for move in there are number of con- quality projects, that’s conservation and well- by mid-2023. cerns surrounding plans why I’m optimistic,” ness.” The engineering for for the new project. The Cofer said. “Our buyer demograph- roads and utilities for the most important, he said, From the conceptu- ic is very focused on initial phase of Holden are “setbacks from Barton al plans he has seen for health and wellness and Hills has been completed, Creek and creek tributar- Holden Hills, Cofer said impact on the environ- and Stratus anticipates se- ies, minimizing impervi- he expects that it will set ment,” Armstrong said. curing final permits in the ous cover and develop- “a very high bar in terms “Holden Hills is premised second or third quarter of ment on steep slopes, and of all things green,” with on sustainable luxury 2021. protecting as much of the elements “you don’t see with a particular focus on Stratus expects to com- native tree canopy as pos- in the standard subdivi- high-performing building plete site work for the sible. Minimizing water sions.” systems to reduce carbon first phase, including the and energy consumption With the pandemic, use, non-toxic building construction of road, util- are also important.” Cofer said, people more materials for a healthier ity, drainage and other Bunch said additional than ever want “a lot of indoor space and proximi- required infrastructure, Stratus land in the Barton green space” and to be ty to natural amenities like about 17 months from ob- Creek area is destined for out in nature, and fo- the Barton Creek Green- taining final permits later development, specifically cused on health and well- belt.” this year. land slated for commercial ness. Armstrong said Hold- Stratus said it expects to and multi-family devel- “Everyone in the world en Hills will focus on begin receiving proceeds opment along Southwest is becoming aware of how renewable energy fea- from sales in Holden Hills Parkway that has not been important that is,” Cofer tures, including roof and in late 2022 or early 2023. built out or approved. said. “This is what the ground-mounted solar, to Currently, 1,243 single George Cofer, a long- market wants.” minimize the carbon foot- family homes and three time Austin environmen- print of the new commu- apartment projects with tal leader, said he believes nity. Water quality, water about 5,000 residents are Stratus will develop Hold- conservation, and natural on the ground in the ex- en Hills responsibly, giv- Financial and Media Contact: materials also will be in- isting Barton Creek de- en Stratus’ track record William H. Armstrong III corporated. velopment. There also with projects including (512) 478-5788 Outdoor amenities will are three schools, a small the W Hotel & Residenc- Reprinted from the April 28th, 2021 issue of the include small parks, com- retail project and a retire- es in downtown Austin, Austin American-Statesman with permission from munity garden spaces and ment living facility. which with its low carbon The Enveritas Group. WEDNESDAY, APRIL 28, 2021 | AUSTIN AMERICAN-STATESMAN.