Foxgate Capital and Cole Klein Builders have acquired 458 acres in Manor, Texas, for the development of Eastwood, a large-scale mixed-use community planned for 1,335 residential lots and 97 acres of commercial and retail space.
The Houston-based firms acquired the property through Eastwood Ventures LLC, a joint venture formed to develop the project. The site is located along Blake Manor Road, approximately 15 miles northeast of downtown Austin. The purchase price was not disclosed.
At full buildout, Eastwood is expected to have a total assessed value of between $900 million and $1 billion. The project is expected to be developed in phases over approximately a decade.
Part of the property is already under development by home builder Taylor Morrison, with the first homes expected to become available in early 2027. Eastwood Ventures plans to begin discussions with additional Austin-area home builders for future residential phases.
“Eastwood offers somethin
