Somerset Hills - 5W

JLL Capital Markets ("JLL") has been exclusively retained to offer qualified investors the opportunity to purchase the fee-simple interest in the last available development site at Somerset Hills. This development site is fully entitled, utility served, and ready for construction of 268 attached townhomes. The site is shovel-ready, yet flexible enough for potential buyers to adjust to their specific development needs. The site’s entitlements offer flexibility that can be utilized to develop for-rent single-family residences (SFR), for-sale single-family units, attached and detached townhomes (for-rent or for sale), as well as a combination of residential schemes. The property is strategically located near I-35 on Ronald Reagan Boulevard at CR 245, just west of SH 195. This prime location places it perfectly in the path of Austin's northward expansion. Less than two miles west on Ronald Reagan Boulevard, a new HEB is being constructed at the intersection with Williams Drive. As the top grocer in Texas, this development is sure to drive further commercial and residential growth in the area. The site is directly adjacent to the Sun City Retirement Community in Georgetown, one of the top age-restricted neighborhoods in the country. Georgetown, part of the Austin Metropolitan Statistical Area (MSA), is the fastest-growing city in the nation with a population exceeding 50,000, according to the latest census. Several factors contribute to Georgetown's rapid growth, including an incredible business environment, top schools in the northern part of the Austin MSA, and a regular influx of new employers. While benefiting from access to all the amenities and comforts of Central Texas, Georgetown maintains its appeal by offering a significantly lower cost of living than Austin.