MARBLE FALLS, Texas — North Texas-based developer Centurion American Development Group is planning a major mixed-use project in Marble Falls.
The Thunder Rock development will be a 1,100-acre development located at the northwest corner of U.S. 281 and State Highway 71, near the Baylor Scott & White Medical Center and just a few miles from downtown Marble Falls.
The development will feature 1,966 single-family residential homes, 924 multifamily units and 150 active adult units. It will also feature a 26-acre sports complex with four baseball fields, four soccer fields and a multipurpose field; a 10-acre recreational center; 204,000 square feet of commercial development; and linear parks and nature trails along Flatrock Creek.
According to a report from the Austin Business Journal, for the whole community, apartment rents will likely start at $1 per square foot and house prices will be in the $230,000 to $250,000 range.
The first phase of the development will include 171 40-foot-wide and 109 50-foot-wide single-family lots, with homes beginning in the $250,000 range. The first phase will also include the construction of two commercial tracts totaling about 30 acres, 43 acres of multifamily apartments and the sportsplex.
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