AUSTIN – Nance Ranch, a 673-acre tract near the Kyle community south of Austin, has been sold for a master-planned community.
Austin-based homebuilder Clark Wilson Builder, Inc. is the general partner of an investment group that purchased the land from a local investor partnership. Carter Breed , with CBRE’s Land Services Group, represented the seller.
Clark Wilson is in the early phases of designing a new master-planned residential community, tentatively called Anthem, targeted to the emerging move-up market in the booming area south of Austin. A mix of single-family lot sizes will be available.
“Most of the residential housing in Kyle and Buda has been targeted to the first-time homebuyer. Many of those homeowners are ready to move up without leaving the area in which they’ve laid down roots. Those homeowners and professionals are the customers that will want to live in Anthem,” said Clark Wilson, founder of Clark Wilson Builder.
The property has frontage on Farm to Market 150 about one mile west of Ranch Road 2770. The future community is surrounded on the north and west by large ranches, many of which have conservation easements, prohibiting future development and ensuring long-term hill country views.
The homebuilder has teamed up with planning and landscape architect Stefan Pharis, with Pharis Design, and engineer Hank Smith, with Texas Engineering Solutions.Engineering and design work have already begun with new homes slated to be ready in 2016.
“Anthem will be an environmentally friendly community,” said Wilson. “The somewhat flat topography is covered with live oak and spanish oak trees and we will plan around those trees as much as possible.”