TheRealReal Stock: Crescent Real Estate Launches Luxury Development Atten Hill in Texas

Crescent Real Estate Breaks Ground on Luxury Development in Texas

Crescent Real Estate LLC has commenced construction on Atten Hill, an exclusive residential development in Horseshoe Bay, Texas. This ambitious project, which covers 114 acres within the Summit Rock community, introduces 92 luxury lots—the first high-end neighborhood built in the area in over a decade. With breathtaking views of Lake LBJ and the Summit Rock golf course, Atten Hill aims to elevate the residential landscape of Horseshoe Bay. Chairman John Goff expresses enthusiasm for the project, highlighting Crescent's commitment to delivering exceptional products and amenities that will cater to discerning buyers seeking a luxurious lifestyle.

As part of its launch strategy, Crescent Real Estate unveils the Founder Program, designed to incentivize early buyers with exclusive benefits. This initiative allows prospective owners to secure a golf membership and select their preferred lot at special pricing, enhancing the appeal of the development. Residents will have access to the nearby $40 million Summit Rock Clubhouse and Amenity Center, which features a $30 million Cap Rock Clubhouse, comprehensive fitness facilities, dining options, spa services, and a resident-only lounge at the Resort Yacht Club. This suite of amenities positions Atten Hill as a desirable destination for luxury living, meeting the evolving expectations of affluent homebuyers.

The strategic location of Atten Hill further bolsters its attractiveness, with convenient access to major Texas cities; it is 45 miles from Austin, 90 miles from San Antonio, and 200 miles from both Dallas-Fort Worth and Houston. The presence of a 6,000-foot runway at the nearby HSB Airport offers residents quick flight options, enhancing the connectivity for those who travel frequently. Jeff Dyer, Senior Vice President at Crescent, underscores the project's potential to redefine luxury living in Horseshoe Bay, setting a new standard for residential offerings in this scenic area.

In related news, Hilco Real Estate Sales announces the forthcoming auction of two significant office buildings in Oak Brook, Illinois, and Southfield, Michigan. The properties, which feature a mix of existing tenants and redevelopment potential, reflect a broader trend in the commercial real estate sector, where strategic location and adaptability are key selling points. These developments represent opportunities for investors and developers looking to capitalize on the evolving landscape of real estate in urban and suburban markets.