Hillwood Communities Acquires Land for Next Master-Plan Community in Greater Austin Area

Approximately 200 acres in the southeastern region of the Georgetown market area; Melina to offer approximately 840 homesites and nature-inspired living

GEORGETOWN, Texas, June 25, 2025 /PRNewswire/ -- Hillwood Communities, a Perot Company and award-winning developer, has completed the transaction to acquire 200 acres for another master-planned community in the Greater Austin area. Located in the southeastern region of the Georgetown submarket near University Boulevard and Texas State Highway 130, Melina will offer approximately 840 homesites.

Offered homesites within Melina will include 40-,45-, and 50-foot lots and homes are anticipated to be priced from the $400s to the $600s. In addition to 20 acres of open space, there will be miles of trails and three scenic lakes at Melina. The outdoor amenity center will feature a resort-style pool, cabanas, covered pavilion, playscape, open-play field and a pickleball court.

"After our success at nearby Wolf Ranch, we're continuing to invest in the Greater Austin area with a focus on providing the Georgetown community with more long-term value. And Melina is a reflection of our commitment to creating an environment where families can thrive" said Duke Kerrigan, General Manager for Hillwood Communities in Austin. "Additionally, our footprint in Central Texas will only continue to grow with more acquisitions."

Last year, the Homebuilders Association of Greater Austin (HBA) honored Wolf Ranch as the Best Master-Planned Community of the Year. 

Partnering with Highland Homes on the first phase of development, the initial phase will include approximately 440 homesites.

"We're thrilled to be partnering with Hillwood Communities to bring more than 440 homes to Georgetown, one of Austin's most sought-after suburbs," said Jeff Stinson, SVP of Land for Highland Homes. "Hillwood consistently delivers exceptional master-planned communities, and this development will be no exception—with access to top-rated schools, well designed amenities, and a vision grounded in long-term quality and livability. We are honored to help shape this land into a place future homeowners will be proud to call home."

The land to develop Melina was acquired from longtime contributors to Georgetown's agricultural heritage. For decades, the Bost Family cultivated wildflower fields and produced honey that was sold at local markets across Williamson County.

Melina's name is derived from the Greek word for honey – Meli.

Themed storytelling and design elements throughout the community will reflect the history of the land and the Bost Family legacy.

Construction is scheduled to begin in late 2025 and new home opportunities will be available in spring 2027.

About Hillwood
Hillwood, a Perot company, is a premier commercial and residential real estate developer, investor and advisor of properties throughout North America and Europe. With a diverse portfolio of properties and home to many of the world's leading companies, Hillwood is committed to bringing long-term value to our customers, partners and the communities we serve.

Through its Communities division, Hillwood has delivered 50,000 single-family lots in master-planned communities across 13 states and Costa Rica. These communities continue to raise the bar in terms of quality, innovation, and the unmistakable sense of community that sets each property apart. Before laying the physical groundwork for any new residential development, Hillwood Communities takes the time to focus on the ideals that draw people together — and the everyday interactions that strengthen those bonds. By purposefully designing trails, gathering spaces, and structural amenities to spark spontaneous encounters and foster shared interests, Hillwood Communities believes in the power of community. For more information, please visit www.hillwoodcommunities.com.

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SOURCE Hillwood Communities