AUSTIN (Austin Business Journal) – Hillwood Development Co. will soon begin selling properties in its recently acquired Rocky Creek Ranch off Hamilton Pool Rd.

The 468-acre housing development was purchased out of foreclosure by Hillwood Communities last fall. The previous owner, Kerby Development LLC, quit its proposed $40 million plan for hundreds of homes on the site.

Hillwood’s units will range from $320,000 to $600,000. Kerby had advertised a range between $500,000 and $1 million.

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