Project Lone Star | Red Oak Development Group

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Project Lone Star 2030 Outcomes

$15B+ (2)

Economic Impact

10,000 (1)

Jobs Created

10+

Schools in our Communities

6

Medical Campuses

10

City/EDC/ISD Partnerships

500+

Homes to Teachers

Concepts & Community Impact

Project Lone Star 2030 is a partnership initiative involving a collaboration with Red Oak Development Group, an Austin based organization, and a select ten (10) cities, involving a partnership with municipalities, economic development committees, and school districts aiming to create financially resilient and economically diverse communities that offer varying residential optionality to future residents across Central Texas with each community to be or in the process of being developed by 2030.

This starts with an understanding of each municipality’s vision for growth, trajectory of the associated ISD and discussion with local EDC’s to understand key initiatives and how Red Oak’s vision may help facilitate such desired outcomes.

Red Oak seeks to understand the appetite of the public partners to join efforts to accomplish the mission.

Red Oak Concepts Offering Community and Economic Impact:

Medical Campuses: Typically 5-10 acres featuring a small hospital when demographics support the need, a 2-4 acre medical campus consisting of a variety of medical services such as orthopedic, dental, pediatrics, general practices, ER, and a variety of others.
Schools Sites: Red Oak offers partnering ISDs a 10-20 acre site at no cost to build a school e.g. Red Oak has dedicated 40 acres to Lockhart ISD, 20 acres to Prairie Lea ISD.
Micro-retail/Entertainment Districts: Typically 6-10 acres, partnering with a variety of local restaurants, distilleries, breweries, entertainment partners, Red Oak seeks to establish a retail district offering anchor tenants but also local business owners a chance to open a business in a location 200-1000 SQFT as well as spots for local food trucks. Additionally, larger retail and restaurants partner with Red Oak to create an flagship in the district. Red Oak does not allow corporate fast food chains such as McDonalds, Burger King, Taco Bell, etc. Red Oak provides discounted pricing on commercial space to encourage such unique vendor diversity.
Diversity of Residential: Red Oak recognizes the growing demand for the resident to have an “experience” in the community not just another suburban sprawl neighborhood. As such, Red Oak has a unique typological design offering alley loaded homes with lots as dense as 30’ to as large as ¼ acre depending on the community and market demand with price points ranging in the low $300’s to the mid $700’s.
Teacher Housing: Alongside the partnership of Mark Estrada, Superintendent of Lockhart ISD, Red Oak seeks to offer teachers a substantially discounted home without reducing the quality of the home up to 10 homes per year per community typically resulting in 30-60 homes over the lifetime of the project.
Heavy Parks Design: Typically Red Oak aims to reach a minimum of 15% use of land as park space

Other Red Oak Concepts (1)

Red Oak’s, alongside ViewPoint Engineering, planning approach is to create financially resilient and sustainable cities and towns. Red Oak challenges the typical methods and results driven by suburban sprawl resulting in excessive infrastructure spending, and other financially unsustainable practices in urban development that fall short of long-term planning. Red Oak will challenge the “slap and stick” subdivisions that offer little to no community impact or aesthetic characteristics.

Red Oak Community Concepts:

Mixed Use Communities: Instead of focusing on large-scale subdivisions, Red Oak, along with its large partnership network, design diverse communities inc. commercial, industrial, mixed use residential, and medical zones.

Bottom-Up Decision Making: The movement encourages community engagement and decision-making from the grassroots level, empowering local residents to have a say in shaping the future of their towns.

Respect the Local Context: Red Oak creates strict CCRs (builder restrictions) to ensure unique characteristics of each community, drawing from local elements such as landscape designs, farmhouse exteriors, 2 car garage minimums, SQFT minimums, mason requirements and more

Interconnected of Design: Promoting mixed-use development, where residential, commercial, and recreational spaces are intermingled, creating vibrant and walkable neighborhoods to each part of the community

Walkability and Bikeability: Encouraging pedestrian and bicycle-friendly infrastructure to reduce dependency on cars and increase the quality of life.

Financial Responsibility: Assessing the long-term financial implications of development projects and ensuring they generate enough revenue to cover maintenance and upkeep costs over time.

Various other concepts such as:

Participatory Planning: Engaging local residents in the planning process to understand their needs and desires for the community’s future via surveys and primary marketing research

Complete Streets: Designing roads and streets that accommodate all users, including pedestrians, cyclists, and public transit users, not just automobiles

Public Space Revitalization: Enhancing public spaces like parks, plazas, and gathering areas to foster a sense of community and improve the quality of life.

The Leadership Team

Tom StaubChief Executive Officer

Tom Staub is the Founder and CEO of Red Oak Development Group. Tom oversees the vision and strategy of projects, underwriting of projects, financial planning, debt and equity strategy, company growth and mission, and is focused on the viability of projects, partnerships, and investor relations.

Tom’s background started at Morgan Stanley, then corporate finance, later moving into finance and strategy for two separate $1B+ tech companies at which he was responsible for product monetization and enterprise deal strategies. Starting in 2010, Tom has been a lead sponsor in a variety of real estate projects and partnerships from flips, multifamily syndications in Alabama, Indiana, and Ohio and launched the land development arm of the business in 2017 starting in Arizona. In 2019, Tom expanded into Texas. Tom has over 15 years of business experience, has owned and successfully operated a variety of companies, and numerous full-cycle ground-up land development exits to date with on track to be the largest mixed use development company in the Austin MSA by 2025.

David TeoPartner

David Teo is the CEO of Merlion Investments and Partner of Red Oak Development Group. He is responsible for capital strategy and strategic partnerships.

In addition to serving in Red Oak Development Group, David continues to run his commercial real estate investment company with a portfolio of invested assets of over $300M in asset value. David’s experience spans various asset classes including Multifamily Class A, B, and C assets, Medical Office Buildings, Residential Infill Condo Development, and Land Development.

Dan Ross Vice President of Land Operations

Dan Ross is the VP of Land Operations of Red Oak Development Group. He is responsible for all the land operations efforts for the company including land acquisition, permitting, and 3rd party partnerships. Dan is also responsible for business development relationships with all municipalities.

Prior to joining Red Oak Development, Dan worked at ExxonMobil where he served as the land manager lead for the New Mexico Delaware Basin asset portfolio. While there, he was responsible for land acquisitions, rights-of-way, permitting, landowner/tenant farmer relationships and the bureau of land management relationships.

Luke Caraway President of Viewpoint Engineering

Luke is the President of Viewpoint Engineering. In this role, Luke uses his experience in the engineering design and entitlement spaces to assist Red Oak and other clientele in navigating the challenging landscape that is land development in the Greater-Austin area. He has experience permitting in over 20 jurisdictions from San Marcos to Dallas-Fort Worth. He has served as a MUD engineer for Buda MUD No. 1 and is currently working on five Municipal Utility District in the state of Texas.

Prior to joining the team, Luke worked at Kimley-Horn where he grew a team of three people including himself to a team of 23 engineers and designers in five years. His team brought in $300K in revenue his first year and grew that to over $5M in his last full year at KH. His team provided engineering services for multiple development markets: multi-family, single-family, master development, industrial, with his main area of focus being in master development and industrial market sectors.

Red Oak Experience

3,000+

Acres in Development

$500M+

Active Project Valuation

6,000+

Lots in Development

8

Active Community Projects

Red Oak Development Group focuses on land development to produce build ready lots and a variety of residential communities and ground up multifamily and townhomes. To date, Red Oak has successfully financed six separate projects, two in process of obtaining financing, has exited two deals in Arizona and three in Texas, and has more 6,000 lots currently under development or in process of entitlements.

Red Oak’s success is the direct result of the company’s vision, company’s desire to build business relationships in a transparent and integrity based manner, and meticulously planning each area of the value chain related to real estate development.

Red Oak has a traditional approach to its business, trust, and respect. This approach has resulted in productive long-term relationships with its partners, lenders, contractors, consultants and City agencies. This perspective extends to all our actions and interactions, looking to generate value in every deal for every participant.

Teacher Housing Program & Land Donation

Red Oak is committed to donating acreage to school districts and establishing a teacher housing program offering 5-10 homes per year to teachers through its builder partnerships. Red Oak offers builders steep discounts on improved land in exchange for a commitment from builders to offer teacher housing pass-thru savings and an ability to afford quality homes in innovative communities.

Regional Hospital & Med Offices

Red Oak is working with Dr. John Turner’s “My Emergency Room” organization to bring a 12-15 bed regional hospitals to Central Texas. Red Oak is committed to establishing a medical district within the development that would represent an expansion of physician specialty services within the City.

Smart Communities with Fiber Optics

Centric Infrastructure Group and Red Oak Development Group have formed a new partnership in Central Texas!

This will bring fiber optics to more than 20,000 homes over the coming decade. This strategic partnership aims to align both Centric’s and Red Oak’s growth strategies and provide high-speed fiber internet to residents of our newly developed communities. In a world in which residents desire more connectivity, flexibility in work locations and innovative communities, this is a game changer for all Red Oak communities.

Micro-Retail

Micro-retail site to include a food trailer section. This portion of development will contain roughly 30-40k square feet of retail space set aside for local business owners. The development will also contain a one to two acre central park.