Jun 7, 2016
Marble Falls rising to housing challenge
MARBLE FALLS,
Housing
Gregg Ranch, by Scottsdale-based Harvard Investments Inc., is expected to be Marble Falls’ largest master-planned community to date with 700 homes.
The project is planned for more than 240 acres just south of SH 71 and US 281.
Homes are scheduled to be available in 2017, with prices starting below $300,000 and appealing to young families, seniors and empty nesters.
The community will be near the new Baylor Scott & White hospital and downtown Marble Falls.
The developer said the price point is desirable for an area facing a significant shortage of affordable housing.
With a workforce of 8,000, 90 percent of the people working in the Marble Falls area must live elsewhere due to the housing shortage, local economic development officials say.
RETAIL
A bigger, better H-E-B store is on its way to Marble Falls.
The San Antonio-based grocery chain said it will build a new, larger store adjacent to its existing one at 1503 W. FM 1431.
Once the new store opens, the current one, which spans 82,104 sf, will close and be torn down.
H-E-B has increased its land lease to 11.74 acres—up from 5.35 acres—to make the construction project possible.
The exact square footage of the new store, a list of additional features and a projected opening date won’t be available for about a year, H-E-B said, while the grocer studies its options.
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