Legend Communities’ The Square at Lohmans Will Marry Old-Fashioned Charm with Innovative Design to Create A True Gathering Place for
Lakeway Residents

Austin, Texas—November 2, 2022. Austin-based Legend Communities — a full-service developer of single-family residential, multi-family and commercial projects in Central Texas and California — today announced the groundbreaking ceremony for Phase I of The Square at Lohmans will take place Wednesday, November 9, 10:00a.m., at 1931 Lohmans Crossing in Lakeway.

“The Square at Lohmans will be a modern take on an old-fashioned concept,” said Legend Communities

Founder and CEO Haythem Dawlett. “Main streets and town squares have been around for hundreds of years. This project will combine the charm of those traditional features with the convenience and other advantages of modern design and energy efficiency. Plus, there will be plenty of outdoor gathering spaces to accommodate families and friends, including a park featuring an amphitheater, pavilion, public restrooms and splash pad.”

Legend Communities Chief Operating Officer Bill Hayes agreed. “The Square at Lohmans will have something for everyone — singles, young families, more mature families and downsizers. We are creating something Lakeway has never really had before — a central gathering place for all the people who live here. The combination of the road network we are building and the town square, I believe, will make this the most important project this city has ever seen.

The event will begin with brief remarks by Lakeway Mayor Tim Kilgore and Legend Communities executives Dawlett and Hayes, followed by the actual groundbreaking and refreshments. Attendees will be able to view site plans, conceptual drawings and elevation renderings.

This groundbreaking will be for Phase I of The Square at Lohmans, which will take approximately one year to complete. It will encompass the construction of Main Street, Lohmans Spur, 150 homes of various types and 210 age-restricted multi-family units.

Ultimately, The Square at Lohmans will be a mixed-use development including office, retail/restaurant, hotel, and residential components. Residential offerings will include single-family homes, attached and detached townhomes, age restricted multi-family units. Construction of the entire multi-phase development that will likely take place over a period of five years or more. Total build-out value will be approximately $500 million.

Carlson, Brigance & Doering Inc. is providing civil engineering services for The Square at Lohmans. Land planning, landscape architecture and commercial architecture is being provided by DTJ Design.

Westmount Realty Capital announced the recent sale of Westmount at Cape Cod, an 11-building Class-B garden-style community located at 13030 Blanco Road on the corner intersection of Blanco Road and Wurzbach Parkway. Westmount has owned the property for six years and this year to date, achieved 14% growth on new leases with more than 6% growth on renewals.

Westmount at Cape Cod was built in 1984 and features 212 units, ranging from one- and two-bedrooms averaging 687 square feet. The community spans 145,680 square feet and features a fitness center, a two-tier saltwater swimming pool with spa and an outdoor kitchen. Residents have direct access to Salado Creek Greenway which has more than seven miles of hiking and multi-use trails that can be accessed from a gated entrance at the property. The property also has direct access to Phil Hardberger Park Conservancy, an urban oasis with over 311 acres of park and multi-use land and the Salado Creek Greenway.

Westmount has made significant interior and exterior renovations including extensive remodeling of the clubhouse/leasing center, relocation and renovation of the fitness center, refreshed landscaping, new signage, new air conditioning units and upgraded mechanical systems. Additionally, 147 interior units were upgraded and refreshed with faux wood plank flooring throughout the property, new lighting and plumbing fixtures, resurfaced countertops and new stainless-steel appliances.

San Antonio was ranked the fastest growing city in America according to the U.S. Census Bureau. Nearly 14,000 people moved to the area between 2020 and 2021.