Starwood Capital Group has put 230 acres of land up for sale within its Revelry development in Del Valle, southeast Austin. The offering includes 16 parcels designated for commercial, multifamily, and retail use. Avison Young’s Mike Kennedy, Sullivan Johnston, and James Nelson are handling the listings.
Revelry is a master-planned community covering 1,400 acres at the intersection of Pearce Lane and Wolf Lane. At full build-out, it will feature 2,300 single-family homes along with additional multifamily and commercial properties. Several homebuilders have already committed to the project, including Brightland Homes, Perry Homes, David Weekley Homes, Highland Homes, Coventry Homes, Toll Brothers, and Lennar.
Del Valle is an unincorporated area near Austin-Bergstrom International Airport with a population of about 29,000. It is also home to the Circuit of the Americas racetrack where the Formula One U.S. Grand Prix takes place.
Revelry was previously known as Mirador and was acquired by Starwood from Hines earlier this year as part of an $800 million deal that included 11 communities across Texas. The portfolio features seven properties in Dallas-Fort Worth and three in Houston.
Master-planned communities have generally performed better than the broader housing market during recent economic cycles but began experiencing declines midway through this year. According to real estate consultant RCLCO, new home sales in top master-planned communities nationwide fell nearly 7 percent between June 2024 and June 2025. This decrease closely matches the overall market’s decline of 6.6 percent during the same period.
Texas represents a significant portion of this sector; it accounts for 34 percent of the top 50 master-planned communities in the United States according to RCLCO data. Houston leads among cities in terms of concentration of these developments.
“Revelry is one of several large-scale projects Starwood has invested in following its major acquisition earlier this year,” said a spokesperson familiar with the transaction.
