Water Oak Subdivision
GEORGETOWN — Booming Williamson County is getting its first major environmentally sensitive mixed-use development, near the proposed Austin-to-Leander commuter rail line.
The 1,900-acre project, Water Oak at San Gabriel, will include 4,000 high-end homes with about 650 acres designated for land conservation. That would make it one of the largest conservation subdivisions in Texas.
About 100 acres would be devoted to commercial and retail development. An additional 1,500 multifamily units are planned.
ABG Development Ltd., a subsidiary of Galo Properties of San Antonio, completed the purchase for the Georgetown development Thursday from six private sellers.
The multimillion-dollar development will be completed in phases during the next decade. Once complete, the project may be valued as much as $1 billion, said Walt Busby, chief operating officer of Galo Properties.
“This opens up the whole western (Georgetown) area to not only family development but also opens it up to commercial and possibly corporate development,” Busby said.