[dropcap]A[/dropcap] tract of land once held by one of the founding families in Dripping Springs is in the initial planning stages for development that, when complete, will significantly change the dynamic in the neighborhood.

Since August, representatives of Austin-baed SEC, LLC, planning and architectural firm, have met with Dripping Springs Parks and Recreation Commission officials to build a housing development behind the Dr. Pound Historical Farmstead and adjacent to Founders Memorial Park,...