Starwood Capital Group has put 230 acres of its Revelry development in Del Valle, southeast Austin, up for sale. The land is part of a larger 1,400-acre master-planned community and is being marketed by Avison Young brokers Mike Kennedy, Sullivan Johnston, and James Nelson. The available parcels are designated for uses including commercial, multifamily, and retail development.
Revelry is set to feature 2,300 single-family homes at full build-out along with additional multifamily and commercial spaces. Several builders—Brightland Homes, Perry Homes, David Weekley Homes, Highland Homes, Coventry Homes, Toll Brothers, and Lennar—have already committed to the project.
Del Valle sits about 10 miles from downtown Austin near the Austin-Bergstrom International Airport and is known for hosting the Circuit of the Americas Formula One U.S. Grand Prix track.
The development was previously called Mirador before Starwood acquired it from Hines earlier this year as part of an $800 million transaction that included a total of 11 communities across Texas.
According to real estate consulting firm RCLCO, new home sales in top master-planned communities across the United States declined by nearly 7 percent between June 2024 and June 2025. This decrease aligns closely with a broader national decline in new home sales during the same period.
Texas remains a major market for master-planned communities in the country; it accounts for more than one-third of the top 50 such developments nationwide. Houston leads among U.S. cities in this sector.
“Revelry will have 2,300 single-family homes as well as multifamily and commercial development. Brightland Homes, Perry Homes, David Weekley Homes, Highland Homes, Coventry Homes, Toll Brothers and Lennar have already signed on to build at the community.”
“Revelry…is one of the developments Starwood purchased from Hines earlier this year in an $800 million deal that included 11 communities.”
