Leander: Rockspring acquires 28 acres

LEANDER – Rockspring Capital, a real estate investment firm based in Houston, has acquired a 28.4-acre site off Old FM 2243, just west of US 183. The site is a prime location for a multifamily development with commercial fronting.

The site is located within the Leander Independent School District. Adjacent to the property is a 350-acre plot, which will soon hold 1,000 single-family homes.

Old FM 2243 will expand from two to four lanes next year, which will make the already-popular corridor one of the most-traveled in the area.

“According to U.S. Census data, Leander has more than tripled in size in the last 15 years. This is a result of Austin’s booming economy,” says Jim McAlister IV, president and CEO of Rockspring.