MOO-VE OVER: DAIRY BECOMES DEVELOPMENT

12/12/2006
AUSTIN (Austin American-Statesman) – Goodnight Ranch, the 700-acre former dairy farm about ten miles south of downtown, will be home to a giant mixed-use development including 3,500 homes and 250,000 square feet of neighborhood shops and offices.
Developers Dean Goodnight, Terry Mitchell and David Mahn say Goodnight will have about 100 acres of open space and more than three miles of hike-and-bike trails around the mixture of single-family houses, condominiums, townhouses and apartments.
Slowed by a lack of utilities, Austin city officials recently agreed to reimburse the developers $3.8 million for the cost of extending water lines to Goodnight Ranch. The area on the east side of I-35 and south of the future Slaughter Lane extension falls within the Creedmoor-Maha Water Supply Corp.'s service area. No agreement has been reached on whether the city or the water corporation will eventually serve the area. Developers will not be reimbursed for the cost of extending city wastewater service..
Developing lots for the first 300 homes will begin in the spring, with move-in beginning by the end of 2007. Target price for the first condominiums, single-family houses and townhomes is about $100,000 to $300,000.