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Peninsula Gets Green Light
February 23, 2007
LAGO VISTA (McClain Holdings) –
Developer McClain Holdings of Austin has received approval from both the
city council and the planning and zoning commission to build condominiums on
58 acres along Lake Travis’ north shore.
Managing partner Don McClain said the
company hopes to break ground on the 250,000-square-foot [project] within
the next five or six months. The project will take about 15 months to
complete.
The Peninsula
will consist of a four-story building and a two-story building housing a
total of 225 condominiums. The development will also include a restaurant,
meeting space and a marina.
The project engineer is Loomis Austin.
reprinted from RECON (Real Estate Center Online News),
Texas A&M University:
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