Developer Proceeding on $2 Billion Austin Mixed-Use Projects

Approximately half a decade after Taurus of Texas Holdings LP acquired a total of 2,300 acres on the far east side of the Austin, Texas, metro area, the developer is ready to launch construction on two mixed-use communities. Roads and sewers are the first step for Whisper Valley and Indian Hills, thanks to $40 million in municipal bond financing for the projects’ infrastructure.

The estimated build-out for both projects, which are located along SH 130, is pegged between 30 years and 40 years, with all-in costs topping $2 billion. According to Taurus of Texas’ managing partner Douglas Gilliland, obtaining the municipal bond funding from the city of Austin was the final step in getting the projects off the ground.

 

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