Starwood Land has launched Revelry, a 1,400-acre master-planned community in Del Valle at the Travis County and Bastrop County border. The development sits at the intersection of Pearce Lane and Wolf Lane, positioning it within a short drive of Austin-Bergstrom International Airport, Circuit of the Americas, and Tesla’s Gigafactory.
The project will deliver approximately 2,300 single-family homes alongside 216 acres of multifamily, mixed residential, and commercial development parcels. First-phase homesite deliveries are scheduled for the first half of 2026.
From Hines to Starwood: $800 Million Portfolio Acquisition
Revelry, formerly known as Mirador, came to Starwood Land through an $800 million portfolio acquisition from Hines completed in early 2025. That transaction included 11 master-planned communities across Dallas, Houston, and Austin markets, representing more than 16,000 residential lots and over 600 acres of commercial land.
The acquisition targeted communities in advanced stages of development within high-growth submarkets with established homebuilder track records. For Revelry specifically, Starwood inherited a city-approved master plan and existing infrastructure commitments that position the project for accelerated delivery.
Infrastructure and Development Timeline
Three municipal utility districts will serve Revelry, with MUD 2 residents moving in during the first half of 2026 and MUD 4 residents following in the second half of 2026.
The master developer is handling critical groundwork:
- Full utility delivery to all sites
- Internal roadway construction
- Infrastructure backbone ensuring development-ready parcels
Avison Young is marketing the 216 acres of development parcels on behalf of Starwood Land, offering opportunities for multifamily, build-to-rent, and commercial developers. The brokerage team includes Sullivan Johnston, Mike Kennedy, and James Nelson.
Why This Location Matters for Land Investors
Del Valle has become a focal point for both employment growth and infrastructure investment. The community’s proximity to Tesla Gigafactory, Austin-Bergstrom International Airport, and Circuit of the Americas creates multiple demand drivers for residential development.
The Travis-Bastrop county line location offers a strategic position:
Transportation access: Highway 130 tollway provides direct north-south connectivity, while State Highway 71 runs east-west through the corridor.
Employment anchors: Tesla’s massive manufacturing presence has catalyzed supplier and support business clustering in the area.
Regional growth patterns: East Austin expansion continues pushing development into previously rural areas along major transportation corridors.
Master-Planned Communities in a Shifting Market
Master-planned communities held up better than single-lot development during recent market softness, though they’ve begun experiencing pressure. New home sales in the country’s top master-planned communities dropped nearly 7 percent between June 2024 and June 2025, roughly matching the overall market’s 6.6 percent decline.
Texas represents the second-largest market for master-planned communities nationally, accounting for 34 percent of the top 50 communities. That concentration reflects both population growth and buyer preference for amenity-rich, planned developments over scattered single-lot purchases.
Starwood’s timing suggests confidence in the Austin market’s fundamentals despite near-term headwinds. The developer brings institutional capital and operational scale since 2007, Starwood Land has sold more than 50,000 homesites across 100 communities in 11 states, generating nearly $4 billion in residential land revenues.
Commercial Parcel Strategy
Avison Young’s assignment includes the disposition of select land development parcels totaling 266 acres within Revelry and another Starwood community in the Dallas market. The offering encompasses multifamily, build-to-rent, and commercial tracts each use type addressing different demand segments within the broader development.
This phased commercial release allows Starwood to:
- Capture value from residential absorption before selling commercial parcels
- Match commercial timing to demonstrated rooftop demand
- Maintain quality control through selective buyer vetting
For commercial developers and investors, these parcels offer embedded residential demand rather than speculative positioning. As homesite deliveries ramp up through 2026 and beyond, commercial buyers gain visibility into actual household formation and spending patterns.
What to Monitor
Homebuilder commitments: Phase one already includes contracts with major production builders. Subsequent phase announcements will signal market confidence and absorption velocity.
Commercial parcel sales: The pace and pricing of multifamily and retail land sales will indicate whether developers see sustainable demand in the corridor.
Competing projects: Other Travis County master-planned communities are also pursuing similar demographic and income targets. Revelry’s differentiation will come through execution, amenities, and proximity to major employment nodes.
Infrastructure delivery: MUD formation and utility completion represent critical path items. Any delays ripple through homebuilder schedules and buyer expectations.
Investment Implications
Revelry represents institutional capital’s continued appetite for Texas residential development despite market uncertainty. Starwood’s $800 million portfolio acquisition demonstrates conviction in Texas population growth and housing demand fundamentals.
For land professionals, this development creates several opportunity vectors:
Adjacency plays: Properties near Revelry boundaries may benefit from infrastructure investment and demographic influx without carrying development entitlement risk.
Commercial land speculation: Understanding which commercial uses Revelry lacks—or which categories face constrained supply—helps identify opportunities in surrounding areas.
Homebuilder supplier positioning: With 2,300 homes planned, the project will require sustained contractor, supplier, and service provider capacity. Local businesses serving this buildout may represent investment opportunities.
The Revelry launch reinforces a pattern: large-scale, well-capitalized developers continue pursuing Texas master-planned communities despite short-term market softness. That persistence reflects long-term demographic trends that favor population growth, household formation, and sustained housing demand across major Texas metros.
Request a Travis County Development Analysis to identify land parcels positioned near major master-planned communities like Revelry or along expanding infrastructure corridors in the Austin metro.
