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Georgetown, TX

Georgetown Approves $20.89 Million in Bonds for Heirloom, the 3,600-Unit Development Off Ronald Reagan Boulevard

Georgetown, Texas, City Council approved the public improvement district assessments and $20.89 million in city bonds for Heirloom, a planned 620-acre, 3,600-unit mixed-use development near Williams Drive and Ronald Reagan Boulevard, with a groundbreaking set for Nov. 5.

By Morningline Research · November 3, 2026

Heirloom, the big mixed-use community planned on Georgetown's west side, cleared its last major city vote and is set to break ground this week. Georgetown, Texas, City Council unanimously approved the special assessment ordinance and service and assessment plan for the Heirloom public improvement district at an Oct. 27 meeting, and authorized $20.89 million in city bonds to pay for the first infrastructure, Community Impact reported.

Heirloom is a planned 620-acre mixed-use development near Williams Drive and Ronald Reagan Boulevard in Williamson County, with about 3,600 units, commercial space and a future Georgetown ISD school site.

What the bonds build

The PID bonds pay for the public pieces that have to go in before houses can:

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The bonds are paid back by Heirloom homeowners through a special assessment on their property.

Groundbreaking Nov. 5

Logan Kimble of developer Columnar Investments said homebuilders are already lined up, with announcements coming soon, and that a groundbreaking event is scheduled for Nov. 5. The first work is the main commercial loop road and the first residential lots, and Kimble said the first phase is targeted for completion in May or June of next year.

On the commercial side, Kimble said landing a large grocery store such as Trader Joe's has been a goal, but the developer is not locked in. "We're open to being flexible with the market," Kimble said.

How Heirloom got here

Heirloom first won City Council approval in August 2025, and this summer council members agreed to raise the amount of upfront infrastructure funding. Earlier this year, council turned down a proposal for the city to take ownership of the water quality ponds inside the future Heirloom PID subdivision, the Williamson County Sun reported. The Sun placed the development at the intersection of Ronald Reagan Boulevard and County Road 248.

With the PID assessments set and the bonds authorized, the next things to watch are the builder announcements and the first lot and road work after the groundbreaking.

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