Lago Vista development planned for 510

homes

AMERICAN STATESMAN STAFF
Saturday, September 23, 2006

Construction is expected to start within six months on The Falls at Lake Travis, a master-planned waterfront community that will eventually grow to 510 homes and townhomes.

WY Atlantis, a Dallas-based mixed-use development company, bought 315 acres in the Lago Vista area for the project. Homes are expected to range in price from the $300,000s to more than $1 million.


WY Atlantis recently bought land for two other residential master-planned communities in Fort Worth and Houston.

WY Atlantis is owned by Wyatt Henderson and Allen Jones, co-founders of Marlin Atlantis; Dallas-based Westmount Realty Capital LLC; and The Yucaipa Companies LLC, a Los Angeles private equity investment firm.