"Horseshoe Bay: Texas' Sweet Spot,
laid back and friendly, for a weekend or a lifetime!"

America's #1 vacation venue (NEW YORK TIMES, May 26, 2008).

~ON LAKE LBJ: ALWAYS FLOWING, ALWAYS FRESH, ALWAYS FULL, CONSTANT LEVEL ~

The internet's most current and comprehensive guide to development activity in Horseshoe Bay, Texas.

415 MATERN ISLAND: This spectacular new lakefront home - on a private island . . . in the Texas Hill Country . . . on America's lake of choice - is the most magnificent ever built on a speculative basis in Horseshoe Bay ("HSB"). It has 10,100 square feet under roof, of which 8,311 is air-conditioned, and is available for $5,900,000. The home, featuring a timeless yet contemporary Hill Country design with Hill Country and Tuscan elements, is widely recognized as "HSB's Finest New Home Offering Ever" - perfect for casual lakeside living in a smart and elegant fashion.

It is located on the HSB West's lakefront, where most of HSB's newest, largest and most expensive lakefront homes are located. And it is designed such that the lake - continually refreshed by the through-flowing, 862-mile long Colorado River - can be viewed from each of the home's 92 Loewen windows, which are ranked as North America's finest.

The extraordinary home accommodates every possible function – from entertaining world-class guests and top corporate executives to being a wonderfully warm and attractive setting to house and entertain three distinct generations (grandparents, children and grandchildren). It is situated on one of HSB's best open-water lots, which is up to 189-feet deep and has the preferred eastern exposure, which provides cooling shade for afternoon lakefront activities. It was designed by one of America's Top-10 "green" architects and is on the cutting edge in every aspect, featuring the latest and best in practically every category imaginable, including being HSB's most electronically advanced. And, testifying to the neighborhood's quality, our offering is located between two of HSB's largest, finest, and most expensive lakefront homes. It can be purchased direct from the builder, LBJ Lakefront Inc, and is available for $6,350,000, which amounts to $764 per square foot of living area.

We’re coming into the selling season with early signs that HSB’s high-end market will once again lead the country, as HSB did last year (see related section below).  We have several reasons for wanting to catch the selling season. To meet that objective and in response to the downturn, we have dropped our price 21.3% (from $7.5 to $5.9 million). The home is now priced 9% per square foot below HSB’s only other very high-end home - being those priced above $4 million. The competing custom home, which does not come close to matching the quality of ours, has been occupied since the late 1990s.  

Those looking for more information can reach us at either 512/755-6226 or by email at: KMartin@Moment.Net.

THE PRIVATE ISLAND SUBDIVISION: Matern Island, only a fourth of a mile long, differs from all other HSB lakefront subdivisions by being a complete island, is also the community's smallest subdivision, with only 30 lots - all of which front on the lake. It has no through traffic and no intersections, which minimizes traffic, holds down speed and eliminates blind intersections. It also makes for perfect leisurely strolls, walking the dogs, neighborly street-side chats, and the like. And being completely lake-bound makes it the most secure.

Its beautifully landscaped 1,200-foot boulevard and integrated common area is HSB's broadest - being up to 90-feet wide. It's also exceptionally noteworthy in being HSB's only Live-Oak-lined roadway. The 30-feet tall trees match in size and traverse the boulevard's entire length. 

The island has a Gated Entrance, one of the few HSB subdivisions so favored, and is further distinguished: a) by having its own private "Lighthouse;" b) by incorporating three beautifully landscaped, park-like "islands" with conversation benches within the street's median; and c) by being the only residential street in all of HSB with street lights.  

LAKE LBJ - AMERICA'S LAKE OF CHOICE: Matern Island is located in 23-mile long Lake LBJ - America's largest constant-level lake. Such lakes are rare in that they require even larger lakes both upstream and down - upstream to keep it full during droughts and downstream to catch overflow during floods. The Lower Colorado River Authority operates Lake LBJ and the other six lakes that comprise the lower Colorado's Highland Lakes system.

On such lakes, one can build on their shorelines, which allows for maximum lakeside intimacy - like fishing off your shaded back porch. It also makes for more enjoyable lakeside living than afforded by typical lakes with fluctuating water levels.

Controls on Lake LBJ are such that during a 100-year flood, the lake should rise only 2.9 feet above its normal 825-foot pool level at Wirtz Dam. During the 16-month period from July 2007 through November 2008, a period of significant drought, Lake LBJ's level varied only seven inches, from a low of 824.55 to a high of 825.12 feet. On the other hand, during that same 16-month period, Lake Travis' level fluctuated 48 feet, from 654 to 702 feet. Travis' historical maximum fluctuation - from all time high to all-time low - is 96 feet.

HSB HAS BECOME NATIONALLY RECOGNIZED: And time has borne out the HSB Resort-Lake LBJ-Texas Hill Country concept!  HSB, along with its booming real estate market, continues to gain more and more national attention. 

Most recently, on January 22, 2009, USA Today published an article titled: "Second homes: Lakeshore living in Texas Hill Country." The article, which featured HSB, described the local area as "dotted with small-town charm, natural beauty and fair weather, the region has become one of the most popular retirement, vacation and second-home areas in the nation."

On September 12, 2008, CNN Money selected Marble Falls - HSB's twice-as-large sister city - as "one of America's six most terrific waterfront towns." These communities, located three miles apart, feed off one another.

On May 26, 2008, the New York Times called HSB and the surrounding Texas Hill Country America's #1 vacation spot. A more in-depth article had appeared in the "Escape" section of the Times' May 19, 2008 issue, entitled "Far Enough in the Heart of Texas to be Away."

Moreover, the LIVING, Southern Style magazine's Fall 2007 issue carried a feature article entitled "Texas Hill Country - A land of Dynamic Growth" in its "Ideal Destinations" section.

And confirming HSB's golf as among the country's best, the November 13, 2006 issue of Business Week contained an article written in conjunction with Golf Digest entitled "The Top-18 Emerging Golf Retirement Regions." It ranked the two-county portion of the Texas Hill Country where HSB is located as #3 among the country's Top-18 golfing destinations.

In addition, Southern Living's August 2006 issue praised HSB in an article entitled "Heavenly Horseshoe Bay." A similarly favorable two-page article appeared in the May 1, 2006 issue of Business Week, entitled "The Hills Are Alive."

THE CENTRAL TEXAS' ECONOMY: Texas' economy has been leading the country since 2005. The State is the country's leading oil and gas producing state and corporate headquarters of most of America's petroleum companies. It is projected to continue leading the country in most growth categories for decades - as long as America's economy remains oil-based. Central Texas' renown Hill Country (see lakesandhills.com) is the state's premier wine region, with three designated American Viticultural Areas.

On February 17, 2009, an article entitled "The Healthiest Housing Markets for 2009" appeared in Builder Magazine. It published its metric for determining America's 15 markets with the best potential. Its Top-5 were the five largest cites in the eastern half of Texas, ranked as follows: Houston #1, Austin #2, Fort Worth #3, San Antonio #4 and Dallas #5 - documenting Texas is the place to be in today's world.

In a study released November 10, 2008, BizJournals reported that Austin was ranked among America's Top 10 Metropolitan Growth Centers. “Three Texas markets are members of the Top 10, with Austin posting the best growth record of the trio." Texas leads the country, and Austin and central Texas' Hill Country leads Texas. Being home to 30% of the country's Top-10 growth centers attests to the economic strength of Texas.

Even more significantly, the report added, "Population has soared more than 8 percent in Austin in the past two years, and employment has jumped more than 10 percent. Raleigh, North Carolina is the only American metro area that can match Austin's short-term momentum."

And, sure enough, on December 11, 2008, we learned central Texas' housing market had surpassed Raleigh's. On that date, the Office of Federal Housing On Enterprise Oversight announced that "Austin became America's leading housing market during 2008's 3rd quarter.

That should come as no surprise. The December 11, 2008 report also found that people were moving to Texas in droves, with 60% of central Texas' new residents coming from out-of-state.

HSB's LAKEFRONT REAL ESTATE IS IN EXCEPTIONALLY SHORT SUPPLY: Texas Hill Country real estate in general, the Highland Lakes' portion in particular, and HSB's specifically are receiving their most intense interest ever.  And consistent with HSB's history, dating back to the Resort's founding in 1970, HSB's lakefront continues to experience the City's strongest demand, as evidenced by the fact that 40% of HSB's 2,400 dwellings are located there. This fact should come as no surprise either, since it's widely known that 76% of the American public prefer waterfront living.

a) LAKEFRONT LOTS: Although strong demand reigns on HSB's lakefront, which is divided into HSB Proper and HSB West, it contains only about 735 lots, making for an extraordinarily limited supply. Approximately 550 of these are full-size single-family sites, 89% of which are developed; 100 are multi-family sites, 90% of which are developed; and 85 are "half-size" garden home sites, 67% of which are developed. No garden home sites are located on open water.

Eighteen of the 50 or so remaining full-sized lakefront lots are largely held for resale by individual investors. As of February 11, 2009, the average asking price of the 18 was $1,612,000. Considering that HSB's lakefront lots sold for about $25,000 when originally offered in 1970, the $1,612,000 figure constitutes an average increase over the interim 38-year period of about 12% per annum.

b) SINGLE FAMILY LAKEFRONT HOMES: HSB's first home to sell for more than $2,000,000 went under contract in December, 2002, priced at approximately $417 per square foot of living area. However, the square foot price for $2,000,000 and up homes fell to $344 in 2003. At that point, Texas real estate was ranked by several governmental agencies as America's most undervalued.

Since 2003, prices of lakefront homes in HSB's $2,000,000 and up range have increased at the rate of about 15% per annum - priced per square foot of living area.

The maximum price paid to date for a home in HSB (house and lot) is $6,800,000. The maximum price paid to date on a living area basis is $973 per square foot. These two records involved two separate lakefront homes, and both records involved homes located on HSB's lakefront.

HSB has had no garden homes sell for more than $2,000,000 and no townhomes or condominiums sell for more than $1,000,000.

HSB's LAKEFRONT IS AMERICA'S BEST PERFORMING REAL ESTATE: On August 28, 2008, HSB's weekly newspaper - The HSB Beacon - published an article entitled: "HSB's high-end housing market blowing out Austin's." Whereas Austin's American-Statesman newspaper had reported on August 20, 2008 that Austin's $1,000,000 and up market was off 33% from the comparable period during 2007, HSB's was up 114% during the same period. HSB's high-end market, being 147% stronger than Austin's, America's leading real estate market at the time, spoke volumes about HSB.

But don't think HSB’s huge increase in high-end home sales relative to Austin's in the over $1,000,000 market were realized through “fire sales.”  To the contrary, HSB's high-end prices during 2008 remained basically flat with 2007's - down an average of 4.5% on a square foot basis, but up 17% when comparing 2008's maximum sale price on a square foot basis with 2007's maximum.

If HSB's high-end real estate market is 147% stronger than Austin's, which the Office of Federal Housing On Enterprise Oversight ranked on December 11, 2008 as stronger than any other metropolitan area in the country, it follows that HSB high-end market - in blowing out Austin's - is clearly America's strongest, and by a long shot!

On December 12, 2008, The Highlander, Marble Falls' newspaper of record since 1959, reported that through October 31st, HSB's 2008 home sales in the $1,000,000 and up range were up 100% and prices per square foot were up about 25% over the same period in 2007. However, it took sellers just over twice as long (219 days versus 106) to find the right buyer.

Furthermore, on January 15, 2009, Texas A&M's Real Estate Center announced that job growth during 2008 was 10 times greater in Texas than in any other state and that its research economists believe quality Texas real estate ranks on balance as among the best investment one might make in today's world.

On January 30, 2009, the longtime head of one of HSB's leading real estate firms advised that that in his opinion, the uncertainty introduced into the local market in September 2008 by the banking collapse had substantially run its course and the collapse-induced downturn of the local real estate market has bottomed. Further evidence of such is found at HSB's high-end, off-water, 1,600-acre Skywater golf course community development, featuring a Nicklaus Signature course. In the midst of the national uncertainty, it announced on February 6, 2009 that a major, $75,000,000 refinancing of the project had just been agreed, which speaks additional volumes about HSB's strength and appeal in such a weak market nationally.

HSB's LAKEFRONT HAS PROVEN FAR MORE VALUABLE THAN GOLD: When originally offered in 1970, HSB's full-size lakefront lots sold on average for about $25,000. At that time, gold was worth around $50 per ounce. At the end of 2008, NYMEX gold sold for $884 per ounce - up 17.7 times over the 38-year period. However, the 18 or so full size HSB lakefront lots that remain undeveloped and available today from individual investors on the 91% developed HSB Proper and HSB West lakefronts are priced to sell on average for $1,612,000, up 64.3 times over the 38-year period - 3.6 times better than gold.

Dr. James Gaines, research economist for Texas A&M's Real Estate Center, advised on January 15, 2009 (personal communication) that he and his colleagues at The Center believe exceptional real estate like found on HSB's lakefront will continue to outperform gold.

HSB's LAKEFRONT OFFERS CAPITAL PRESERVATION & EXTRAORDINARY UPSIDE: Whereas strong appeal and limited supply have driven HSB's lakefront market for years, two additional factors are apparently now in play: 1) investors not only view HSB’s lakefront as a safe-haven for wealth preservation, 2) they also see it well positioned for out-sized appreciation in the face of a forthcoming period of mega-inflation.  Listed chronologically below are facts and third-party opinions dating back to recent crash's beginning that in essence say HSB is as good as it gets.

AUGUST 20, 2008: Austin's American-Statesman newspaper reported that Austin's $1,000,000 and up real estate market had been off 33% since the beginning of 2008 compared with the comparable period during 2007.

AUGUST 28, 2008: HSB's weekly newspaper - The HSB Beacon - published an article entitled: "HSB's high-end housing market blowing out Austin's" that keyed off Austin’s week-earlier article and reported that HSB's $1,000,000 and up market had been up 114% during the same period.  It also made the reasonable claim that being 147% stronger than Austin, America's leading real estate market at the time, spoke volumes about HSB and its high-end market, and that logic suggests HSB’s high-end market - in blowing out Austin's - must be America's strongest, and by a big margin. But don't think HSB’s huge increase in high-end home sales relative to Austin's in the $1,000,000 and up market were accomplished through “fire sales.”  To the contrary, HSB's high-end prices during 2008 remained basically flat with 2007's - down an average of only 4.5% on a square foot basis but up 17% when comparing 2008's maximum sale price on a square foot basis with 2007's maximum.   
           
SEPTEMBER 12, 2008: CNN Money selected Marble Falls - HSB's sister city that’s twice-as-large - as "one of America's six most terrific waterfront towns."  These communities, located four miles apart, feed off one another.

NOVEMBER 10, 2008: BizJournals found Austin ranked among America's Top 10 Metropolitan Growth Centers, saying “three Texas markets are members of the Top 10, with Austin posting the best growth record of the trio." Texas leads the country.  Austin and central Texas' Hill Country lead Texas.
             
DECEMBER 11, 2008: The Office of Federal Housing On Enterprise Oversight announced that by its measure, Austin’s real estate market ranked stronger than any other metropolitan area in the country during 2008’s third quarter, having been second best after Raleigh during the two prior two quarters.

DECEMBER 12, 2008: The Highlander, Marble Falls' newspaper of record since 1959, reported that “through October 31st, HSB's 2008 home sales in the $1,000,000 and up range were up 100% and prices per square foot were up about 25% over the same period in 2007. However, it took sellers just over twice as long (219 days versus 106) to find the right buyer.” Furthermore, on January 15, 2009, Texas A&M's Real Estate Center announced that “job growth during 2008 was 10 times greater in Texas than in any other state and that its research economists believe quality Texas real estate ranks on balance as among the best investment one might make in today's world.

JANUARY 15, 2009: Texas A&M's Real Estate Center announced that “job growth in Texas during 2008 was 10 times greater than in any other state and that its research economists believe quality Texas real estate ranks on balance as among the best investment one might make in today's world.”

JANUARY 22, 2009: Confirming HSB’s independent strength, USA Today published an article entitled: "Second homes: Lakeshore living in Texas Hill Country."  The article, which featured HSB, described the local area as "dotted with small-town charm, natural beauty and fair weather . . . the region has become one of the most popular retirement, vacation and second-home areas in the nation."

JANUARY 30, 2009: Sam Tarbet, President of HSB Corp, longtime head of one of HSB's leading real estate firms opined that in spite of the uncertainty introduced into the local market in September 2008 by the mortgage and banking collapses, the collapse-induced downturn of the local real estate market had bottomed.

FEBRUARY 6, 2009: Further evidence of such is found at HSB's high-end, off-water, 1,600-acre Skywater golf course community development, featuring a Nicklaus Signature course.  In the midst of the national uncertainties, Skywater announced a major, $75,000,000 project refinancing had just been agreed, which speaks additional volumes about HSB's strength and appeal in such a weak market nationally.

FEBRUARY 17, 2009: Builder Magazine, the information source for the nation’s building industry and uniquely positioned to speak on the nation’s housing market, released its forecast for “America’s Top-15 Healthiest 2009 Housing Markets.”  The markets were ranked on such factors as employment growth, market stability, affordability, comparative strength of home prices and new permits. The magazine sees “America’s Top-15 Healthiest 2009 Housing Markets” being located as follows:  #1) Houston, Tx; #2) Austin, Tx; #3) Fort Worth, Tx; #4) San Antonio, Tx; #5) Dallas, Tx; #6) Raleigh, N.C.; #7) Seattle, Wash.; #8) Indianapolis, Ind.; #9) Fayetteville, Ark.; #10) Washington, DC; #11) Nashville, Tenn.; #12) Denver, Col;. #13) Charlotte, N.C.; #14) Wilmington, N.C.; and #15) Myrtle Beach, S.C. With all this strength expected in the Texas housing market for 2009, HSB is positioned for an outstanding year, particularly if President Obama can settle down the sub-prime mortgage crisis and associated banking crisis that it precipitated.  After all, HSB is located within a mere 3¼-hours driving time of the first five cities on Builder Magazine’s list, which just happen to be five of the 19 largest cities in the country. 

FEBRUARY 23, 2009: Shelton Thibodeaux, co-owner of HSB ReMax, reported that HSB’s real estate market had taken off about three weeks earlier and three homes in the $1,000,000 and up range have since gone under contract - one for more than $3,000,000.  On that same date, Chris Munnerlyn, Escondido's head of sales, reported a return to normal brisk activity, having placed three additional $1,000,000 and up home sales since late January.

APRIL 21, 2009: Austin’s American-Statesman newspaper reported home sales bottomed in Austin’s metropolitan market at 820 units in January 2009, increasing 73% to 1,421 sales in March.  By all appearances, essentially all buyers were saying they were in HSB somewhat as investors - aware HSB’s market had stayed strong and prices had held firm through the recent turmoil and seeing little future downside risk.  They were also aware how the government's massive spending will logically set off an intense inflationary spiral that will lift values in HSB substantially. 

APRIL 21, 2009: In one of the most important actions in HSB's history, the City of HSB took over ownership of the city's 122-mile street system from the HSB POA, which lacked the financial capacity to maintain them to HSB's standard, paving the way for a huge street restoration program throughout HSB.

MAY 9, 2009: HSB's electorate votes in favor of becoming a Home Rule city, which among other things positions it to issue municipal roads bonds, which will lead to a relatively prompt upgrade of HSB's 122 miles of streets.

MAY 15, 2009: The Highlander, serving the Highland Lakes Region and Marble Falls newspaper of record since 1959, reports HSB as being recession-proof, saying its May 2009 sales tax receipts were up 10%, year over year.

MAY 21, 2009: The HSB Beacon published an article entitled "Now Is The Time To Buy." Regarding HSB’s  real estate market, Jim Rowe and Shelton Thibodeaux, owners of HSB ReMax, advise that HSB real estate has in their opinion not only come off bottom, “it has left the station,” whereas Mike Gordon, who heads HSB Resort Realty advises that from his company’s perspective, “the train is leaving the station.”  Sam Tarbet, President of HSB Corp, sees it is more conservatively.  He says “the train is loaded, fueled, and about to pull out.” 
            Although disagreeing slightly on what the “train” is doing, these leaders of HSB’s top three real estate firms all agree now Is the time to buy, before prices head back up. 

JUNE 10, 2009: Skywater representatives advise that litigation holding back the 1,600-acre development has been resolved and that the development is back on tract to immediately resume its infrastructure construction, construction on its Nicklaus golf course, and its residential lot sales. Funds are also set aside to complete the prime boulevard that extends through the development, connecting Highway 71 with RR 2147 near the heart of HSB.

JUNE 11, 2009: The HSB Beacon published an article entitled "HSB’s high-end real estate has snapped back." Through June 5th of this year, HSB has seen seven lakefront homes go under contract, 40% more than occurred during the first five months and five days of 2008.  And this year’s contracts didn’t go down as “fire sales.”  To the contrary, two went for around $3,000,000 and as a group they went for an average price that was only 7% less than in 2008.  In addition, the first lakefront lots to sell in the past 10 months occurred during May, when four went under contract. Those are both strong signs of a real “Snap Back!”

JUNE 14, 2009: In an article focused on the Austin/central Texas area, titled "There's no need to go to a resort when your home is on the water," Austin's American-Statesman reported: "even with the national economy struggling, the market for area lakefront properties remains in solid shape . . . homes may be staying on the market longer, but most sellers aren't being forced to lower their prices."

AND SO IT IS: Texas' economy leads America; Austin's overall real estate market leads America; and HSB's high-end real estate market leads America. That's Damn Strong!  

We're convinced time will prove we're moving into the most favorable investment climate of our lifetimes. Interest rates will prevail at all-time low levels through 2011 or so to ensure ARMs still to be re-priced don't reset at higher levels. At the same time, high inflation will be widely apparent by the end of 2009 and will likely continue thereafter for several years. In said environment, savvy investors can experience the best of all worlds: a once-in-a-lifetime golden investment opportunity - strong appreciation of quality hard assets in the presence of exceptionally attractive loan rates.

HSB - THE CITY: HSB, a city of 5,000 people, is located about 45 minutes northwest of Austin and some 75 minutes north of San Antonio. It is exceptionally well suited as a R & R or second-home destination, being situated within 3.25 hours driving time of five of the country's 19 largest cities. Moreover, it's situated in the "Sweet Spot of Texas" - being the only city present in the select area (see button above for "ABOUT HSB").

THE "SWEET SPOT OF TEXAS." The "Sweet Spot of Texas" is located in the heart of central Texas. It's the only portion of Texas where the State's four most favored contiguous provinces overlap. The four provinces are: 1) the laid back and friendly Texas Hill Country; 2) the gorgeous chain of Highland Lakes, where fishing and water sports excel; 3) the picturesque, heavily folded and faulted Llano Uplift; and 4) the colorful, 1.09 to 1.36 billion-year-old Central Mineral Region, located in the heart of the Uplift area.

The 250 square mile "Sweet Spot" is typically hilly, spring-fed, and Live Oak covered terrain. It is also a geological paradise of the highest order, with rock outcroppings of practically every color, variety, shape and age, being one of the world's most widely studied "windows" into the Earth's geologic past. When combined with the Hill Country's mild climate and exceptionally laid back and friendly atmosphere, it makes for a uniquely special setting (see button above for "AMERICA's SWEET SPOT").

HSB RESORT: For those who don't know, the city of HSB is built around HSB Resort (horseshoebaytexas.com), one of America's leading destination resorts and the best in Texas, featuring five world class Robert Trent Jones Sr, Tom Fazio, and Jack Nicklaus Signature golf courses (the Nicklaus is under construction); one of the world's finest 18-hole, par 72, grass putting courses; a destination spa and fitness center; a 350-room Marriott Hotel; a variety of fine dining venues; the best in fishing, swimming and water sports; outstanding equestrian facilities, and challenging creek-side hiking/riding trails. Furthermore, 1,500,000 feet of exceptionally fine shopping is available within 30 minutes' drive - all at one locale.

HSB RESORT'S JET CENTER: In addition, the Resort has one of the country's finest, best equipped private airports - The HSB Jet Center - with a 6,000-foot runway featuring a newly installed HIRL system, being the latest in runway lighting. The runway is lined with a terminal, three large hangars and a fueling depot in one area and accommodates hangar-homes along the remaining length, where members can taxi directly to/from the runway to private hangars at their homes. The Resort also has its own private airline - Air Horseshoe - featuring five Dornier jets with occupancies ranging from five to 30 passengers - all readily available for charter.

LAKE OF THE HILLS REGIONAL MEDICAL CENTER: Construction on Scott & White’s 120-bed, full-service, acute-care hospital, to be located between HSB and Marble Falls, began in March 2008 and is on schedule to open in 2011. Patients who currently travel outside the area for medical needs will then get practically all needs met locally in a state-of-the-art facility. The $140,000,000 facility is being built as part of a 40-acre medical campus located at the corner of US 281 and Texas Highway 71 - being only three miles southeast of HSB's city limit.
Scott & White is one of the country's Top-100 hospitals and the only major teaching hospital in Texas as well as the only health care institution in central Texas to make the prestigious Thomson Rueters' Healthcare 100 Top Hospitals "Benchmark List for 2008." The annual Award, which the hospital has received for the past six years, recognizes hospitals that have achieved excellence in clinical outcomes, patient safety, patient satisfaction, financial performance and operational efficiency.

SKYWATER: Progress on HSB's new 1,600-acre subdivision, which includes the Nicklaus Signature golf course, stalled beginning in mid-2007 when awareness of the sub-prime mortgage crisis first emerged and as it became widely known that the hedge fund bank-rolling the project had been damaged by the sub-prime mortgage crisis. Skywater announced a refinancing on February 6, 2009.

LBJ LAKEFRONT INC's OTHER PROPERTIES: In addition to the Matern Island "spec' home site, our company owns 32 of the approximately 50 or so full-size undeveloped lots that remain available on HSB's lakefront (see button above for "Our HSB LAKEFRONT LOTS").

OUR "LAKEFRONT DESIGN-BUILD PROGRAM:" LBJ Lakefront Inc, a purveyor of extraordinarily fine custom lakefront homes, is an exceptionally focused developer, operating solely on HSB's lakefront.  We intend to build out our 32-lot inventory for discriminating third parties through both "SPECULATIVE BUILDING," as in 415 Matern Island, and our "LAKEFRONT DESIGN-BUILD PROGRAM," which we are developing and hope to initiate by mid-2009. As currently planned, the Program will involve the following lakefront lots - Applehead Island lots 8, 28, 29 & 97, Matern Island lots 27 & 29, and Lot W29033 on the Wennmohs Place Peninsula (see button above for "OUR PROJECTS"). Since we plan to build out our lots slowly over the next dozen or so years, the program will typically be limited to three or so projects annually (see button above for "ABOUT US").

Last updated: 6/14/09.

Though we strive for accuracy in our reporting, we do not guarantee it. In particular, data can get out of date, so check things out before acting.