Roy Oswalt, Woody Williams open development in Galveston

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Roy Oswalt, the ace righthander who led the Astros to the 2005 World Series, is now trying his luck in the local real estate market.

Oswalt, former Astros pitcher Woody Williams, current Astros broadcaster Steve Sparks and local businessman Todd Edwards are the principal backers behind the new Bayside at Waterman's development in Galveston.

The partners bought the site more than a decade ago, and they finally broke ground last year on the development that will feature 162 homes and 10 townhomes with a boardwalk on the bay.

According to Oswalt, the group already has sold 12 lots with six other homes under contract.

"We're about 60-70 percent finished on the clubhouse, marina and the boat slips," Oswalt said from his home in Mississippi. "It's exciting. I'm doing more now than when I was playing."