$40M housing project set

Austin Business Journal - August 18, 2006

by Jenny Robertson

ABJ Staff

A development that will sprout 912 homes just west of Dripping Springs will mark the town's first test of a new law aimed at preserving the area's rolling open space and panoramic views.

The $40 million community, planned by Central Texas developer James Kerby, will sit at the corner of U.S. Highway 290 and McGregor Lane. Comprising 688 acres, the development will leave almost 70 percent of that land open. Plans call for clustered sets of houses -- more than four an acre -- tucked into the land's topography.