Leander announces plans for $1B mixed-use development

[Neil Narayan]

Leander Springs, a 78-acre, mixed-use project with retail, restaurants, entertainment, hospitality, office and residential components, is coming to town, Leander Mayor Troy Hill announced Oct. 15.

Located at the southwest corner of FM 2243 and 183A, expectations are that a fully developed Leander Springs could be valued at $1 billion, according to the city.

In addition to commercial development, up to 1,600 units of multifamily residential development are proposed for the project, according to the city. A phasing plan was incorporated into the city’s agreement to require commercial uses to be constructed proportionally with residential uses.

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