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Kiss and tell! $1B San Marcos project aims at 55-plusKiss and tell! $1B San Marcos project aims at 55-plushttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=122962016-02-29T06:00:00Z2016-02-29T22:00:00Z

​SAN MARCOS - ​Construction has begun on an estimated $1 billion development in San Marcos that will have 3,200 houses for people ages 55 and older. 

The development, called Kissing Tree, will be on 1,332 acres at Hunter and Centerpoint Roads, across I-35 from the San Marcos outlet malls.

Kissing Tree, which will be built in phases over the next ten years, will be the first age-restricted development in San Marcos.

Homes are expected to be priced from about $250,000 to $500,000.

Model homes are expected to be on the ground later this year, and about 248 homes are slated for the first phase, which is expected to deliver in fourth quarter 2016 or first quarter 2017.

With an average price of $300,000 for 3,200 homes, the project is estimated to be close to $1 billion.

Amenities will include 15 miles of hiking trails, a beer garden, a community kitchen, an indoor/outdoor bar, tennis courts, an 18-hole golf course and an 18-hole putting course. 

Hundreds of acres are also expected to be reserved for parks, trails and green space.

Brookfield Residential Properties is both developing and constructing the project.

Brookfield said the project's name hearkens to Sam Houston's gubernatorial speech in 1857 by an oak tree in San Marcos, where the story goes that he famously kissed several women who presented him with a Texas flag.​​

Austin American-Statesman
Austin-Round Rock
Housing
http://www.mystatesman.com/news/business/developer-plans-3200-home-project-for-baby-boomers/nqX9Q/Read more at the {Source}

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