Local News

Avalon Park affiliate plans $120M project

Orlando Business Journal

A joint venture that includes Avalon Park’s developer is working on plans for a 100-acre, mixed-use project near Austin, Texas.

Avalonpark Texas LP, a partnership between Orlando-based Avalon Park Group Management Inc. and Texas investor Richard Kunz, is seeking planned-development approval from the city of Dripping Springs for the $120 million project, Kunz told Orlando Business Journal. The item has yet to be scheduled for a meeting yet, but Kunz said he expects approval within the next six to nine months.

The plan includes 240 residential units — single-family homes, duplexes and townhomes — 100 apartments, 500,000 square feet of commercial space, and a church, along with about 210 beds divided into an assisted-living facility and nursing home.

The Avalon Park Texas plan is the second phase of the redevelopment of a 245-acre ranch in Dripping Springs, Kunz said. The first phase, which was developed by another firm, includes 55 high-end residential lots on about 105 acres, he said.