Thursday, April 9, 2015

Northwest PUD Project Remains Stalled

"Though developers introduced it last summer, the Austin Oaks Planned Unit Development continues to linger among the city’s boards and commissions as the neighborhood and developers work on hammering out some kind of compromise.

Developer Spire Realty Group LP has already made some changes to the initial proposal for the 32 acres located on the southwest corner of Spicewood Springs Road and MoPac Boulevard. PUD zoning would allow the developer to move forward with its plans, which include 850,000 square feet of office space and about 100,000 square feet of retail space.

In November, Spire Realty Group offered to reduce the height of the tallest building from 225 feet to 200 feet and reduce the number of apartments to 300 units. The developer has also offered to make improvements to and create a fund for nearby Doss Elementary. However, with the plan stalled, all of those compromises remain theoretical."

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