Austin Business Journal staffer Jan Buchholz reports that Sanctuary Development, which has former ties to Disney and the town of Celebration in Florida, plans a creative new masterplanned hamlet in Salado, about 50 miles north of Austin.

Buchholz writes:

The project as currently envisioned includes about 525 homes, 350 apartments, 400 hotel rooms, an outdoor music and entertainment venue, 65,000 square feet of offices and 345,000 square feet of retail and restaurants. The overall theme will be old European village meets Texas Hill Country style, company officials said.

Read more >