Newmark Arranges Sale of 1,736-Acre Master-Planned Community Near Niederwald, Texas

July 15, 2026 1:00 PM

Newmark announces the Company has arranged the sale of The Ridge, a 1,736-acre master-planned development site near Niederwald, Texas. Newmark Director Steven Boice brokered the transaction between Walton Global and Wilson Capital.

Planned as one of Central Texas' largest mixed-use residential communities, The Ridge will ultimately feature more than 6,200 single-family homes, a 13-acre amenity center and approximately 60 acres designated for future commercial and multifamily development. Construction on the residential component is expected to begin in late 2026, with homebuilders including First America Homes and Hakes Brothers already committed to the project.

"The Ridge will be a defining master-planned community for Central Texas," said Boice. "Its thoughtful layout will meet the needs of homebuilders, retailers and residents for years to come."

Designed to serve the region's rapidly expanding population, the community will feature 119 acres of parks and open space, including nature trails, a community hall and a fishing camp. An additional 57 acres have been reserved for future educational facilities within Hays Consolidated Independent School District, including sites for an elementary, middle and high school.

Strategically located near State Highway 21 and State Highway 130, The Ridge offers convenient access to Austin-Bergstrom International Airport, downtown Austin and major employment hubs, including Tesla's Gigafactory Texas and the rapidly expanding manufacturing corridor in eastern Travis County.

According to Newmark Research, the Austin metropolitan area continues to benefit from strong economic fundamentals. The region ranked first among the nation's top 50 metropolitan areas for job growth in 2025, adding approximately 27,200 jobs - a 2.0% annual increase[1]. This sustained economic expansion continues to support population growth and long-term housing demand.

[1] U.S. Bureau of Labor Statistics

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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