Austin Business Journal reports, "A North Texas-based developer appears to be gearing up to build a 178-acre master-planned community on the southeast side of the Barbecue Capital of Texas.
The project in Lockhart by Intermandeco GP LLC could bring hundreds of single-family homes, townhomes or apartments — as well as commercial space — to the 1500, 1600 and 1700 blocks of South Commerce Street. Representatives of Allen-based Intermandeco detailed its initial plans during a Lockhart City Council meeting on Sept. 3.
Council members voted unanimously to establish zoning on the site, including 28 acres of medium-density commercial, 18 acres of high-density residential and 132 acres of medium-density residential.
The Marilyn Riddle Trust is the owner of the property and the applicant on the project, but it was represented during the meeting by Brett Corwin, who identified himself as the developer and said he lives in Kyle. Corwin appears to be a project manager for Intermandeco, which has had a number of master-planned projects throughout the state, including Paramount in Kyle, Brooklands in Hutto and Northfork in Liberty Hill.
Following approval of the zoning request, Corwin said he would begin working with the development team's engineer on an official plat with more specific plans for the site. Initial plans call for between 400 and 500 single-family homes, he said, although he declined to name any potential homebuilders.
He said no decision has been made on whether to build apartments or townhomes on the high-density portion of the project. Should it be apartments, however, it would potentially be about 500 units, he said.
The commercial space would be located along South Commerce Street. The northeast end of the project would have storage-type uses, which would serve as a buffer to a prison that is located adjacent to the property, officials said.
"I think what we have come up with ... I think we've done a good job," said Corwin, who didn't provide a timeline for the project.
Lockhart planning director David Fowler said during the meeting that the area where the project would take place is becoming a residential hub, even though the city's future land-use map had earmarked it for industrial projects. Lockhart is about 30 miles south of Austin and has a population of about 15,000.
Residential projects in the region include Red Oak Development's $1.5 billion Seawillow Ranch, an Ashton Gray Development bringing a 902-acre, 500-home development to town, and Perry Homes is building a 472-acre project called Juniper Springs.
Industrial projects instead are locating on the northwest side of the city along better transportation routes. Projects include frozen treat manufacturer The Ziegenfelder Co. building a factory; New Mexico-based Titan Development Inc. developing the 45-acre Lockhart Industrial Park; Balcones Real Estate Group LLC developing the 58,800-square-foot hub called Lockhart Logistics; and a subsidiary of Related Cos. building a massive cold storage project.
Texas Materials Group Inc., which has a ready-mix concrete operation adjacent to the Marilyn Riddle Trust property, previously voiced concerns about increased residential traffic near their site, both in a letter and during a Planning and Zoning Commission meeting. But Fowler said the concerns have been assuaged."
Source: Austin Business Journal
Written by: Justin Sayers
Published: September 4, 2024
Posted by Grossman & Jones Group on
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