Hunt Communities acquires 478 acres in Texas for 1,500 single family units
Hunt Communities has acquired River Farm, a 478-acre site in Belton, Texas.
The developer plans to create a master-planned community on the site, located north of Austin, one of the United States' most active residential real estate markets.
The site is on the Lampasas River and is a quarter-mile east of Interstate 35 between Austin and Waco, Texas. The community will feature about 1,500 single-family homes in various lot sizes to meet demand across high-demand price points. There will also be about 200 units of townhome or single-family rental product available.
Other features will include amenity centers with pools, workout areas and gathering spaces, riverfront access, linked-trail systems, open spaces and recreational areas.
"Consistent with the standard we set for our other master-planned communities, Hunt intends to create the highest-quality community in this submarket," said Justin Chapman, President of Hunt Communities. "We are pleased to e