Philomena

Acquired in 2022, Philomena is an approximately 32.57-acre development site located inside of the rapidly growing Austin-San Antonio Corridor along Interstate 35 (IH-35) in Kyle, Texas. Positioned about 750 feet from IH-35 and across the highway from quickly growing FM 1626 corridor, connecting Kyle to Buda, and up north into the Austin MSA.

The Property is directly adjacent to Kyle’s major hospital, Ascension Seton Hays Hospital, additionally alongside various ancillary healthcare providers. Although recently annexed under Ag zoning, Kyle’s Comprehensive Plan includes this site under the “Super Regional Node” designation which recommends high density multifamily, among other intensive uses. The Capland Development Team seized the opportunity to leverage its’ relationship with the underlying land owner from a previous acquisition for a development site uniquely located in one of the fastest growing regions in the nation along the IH-35 corridor. Entitlement efforts for the site, including a Planned Unit Development with the City of Kyle, are underway.