BEE CAVE (Austin American-Statesman) – Tennessee-based Southern Land Co. will break ground next month on a $160 million, Tuscany-style residential development that will include green space.

Cielo, near RM 620 and SH 71, will have 400 luxury flats, condominiums and townhomes. The development will include more than 20 floor plans for the one- and two-bedroom homes, which will start in the upper $300,000s.

The 78-acre development will be surrounded by the Balcones Canyonlands Preserve, and about 28 acres will be reserved for green space.

The project is scheduled for completion in 2013.