Global real estate advisory firm, Avison Young, is pleased to announce that it has been retained by Starwood Land, an affiliate of Starwood Capital Group, as the exclusive broker for the disposition of select land development parcels totaling 266 acres within two master-planned communities (MPCs) in the Dallas and Austin submarkets.
The assignment includes the sale of multifamily, build-to-rent (BTR), and commercial tracts within two of Texas’ most prominent MPCs. The first is a 1,263-acre development in Waxahachie, south of Dallas in the MPC of Myrtle Creek which is about 30 miles south of Dallas and 40 miles east of Fort Worth. The second is a 1,400-acre development in Del Valle, east of Austin in the MPC of Revelry, formerly known as Mirador.
Following is information on each of the parcels the team is marketing:
Myrtle Creek: The Myrtle Creek MPC has plans to host around 2,500 single-family lots. Residents will be served by the award-winning Waxahachie Independent School District. Waxahachie itself is known for its tight-knit feel, historic downtown district, cultural events, and a lower cost of living compared to larger metropolitan areas. Situated just off U.S. Highway 287, Myrtle Creek offers convenient access to major interstates, making the commute to Dallas or Fort Worth easy.
The Avison Young team is marketing a total of 51.4 acres of multifamily, duplex, and commercial development parcels.
Revelry: The Revelry MPC has plans to include approximately 2,300 single-family lots. Revelry is located at the northwest corner of Pearce Lane and Wolf Ln near Del Valle. The major highways serving the area are Highway 71 and Highway 130 (Pickle Parkway). Austin-Bergstrom International Airport, Circuit of the Americas, and the Tesla Gigafactory are just a short drive from the site.
The Avison Young team is marketing a total of 215.89 acres of multifamily, mixed residential, and commercial development parcels.
“Avison Young is pleased to assist Starwood Land in transacting these strategically located multifamily, BTR, and commercial parcels within two prestigious, large-scale developments,” said Kennedy.
Johnston added, “Our team brings deep land planning insight and robust market intelligence to these opportunities—offering a level of service and sophistication beyond the traditional brokerage model.”
Starwood Land acquired both projects from Hines in early 2025 as part of the $800 million portfolio acquisition and is actively advancing infrastructure and residential lot sales to top-tier national homebuilders.
“This assignment reflects the power of connectivity and collaboration across Avison Young’s national platform—specifically through the capabilities of our U.S. Investment Sales (USIS) group,” said James Nelson, Principal and Head of U.S. Investment Sales.
This initiative is part of Avison Young’s newly formed Land Advisory platform, focused on institutional land strategy and disposition services for premier development opportunities across the U.S.
