Austin Business Journal reports, "the Bee Cave City Council on April 25 approved $3.25 million in incentives that will help build a road to service a growing entertainment corridor in the city that includes the revamped Backyard in Bee Cave project — on track to open next year.
During the last month, City Council has worked to clear the way for developers of a 28-acre site north of State Highway 71 and immediately west of Bee Cave Central Park to start work on what they say will be a mixed-use project that includes housing and dining options. That includes the extension of a road, Willie Way, that will also service a 35-acre site at 13801 Bee Cave Pkwy. that will house the long-anticipated revamp of the music-venue-centered mixed-use Backyard in Bee Cave.
"We are pleased to collaborate with the City and other landowners to continue moving this entertainment district forward to serve the community for a very long time," Backyard Partners LLC, the development team, said in a statement. "The connection between HWY 71 and Bee Cave Parkway is so important for the traffic network in Bee Cave."
The Council's actions included approving a consent agreement and Chapter 380 agreement with Kent Sports Holdings LP and TCHMALL Sports LLC — companies tied to former Major League Baseball All-Star Jeff Kent and Langle Design & Construction Management LLC, the developers of the nearby multimillion-dollar Hill Country Indoor sports training facility.
Since 2020, the developers had been working to obtain a consent agreement for the property, which was approved on April 11, and notes that the project will provide a "mixture of residential, commercial and retail uses," including both for-sale and for-rent homes, office, medical office, hotel, retail and other services. The April 25 agreement provides $3.25 million in incentives to be paid out in installments after hitting certain benchmarks.
Langle Design & Construction Management owner Jude Langle said May 3 that they have been working on the project for years and are still in early stages of design — that work was put on hold while working through the agreements — but that it will include some housing as well as food and beverage options.
He said it will be built in phases, with the first phase being the road improvements and water quality ponds at the front. The end goal will be something that will be mixed-use and serve as a complement to other entertainment centers in Bee Cave like Spanish Oaks and the Hill Country Galleria.
"It was kind of in our interest to sit back and see what was going to be planned and developed so we could put something in that would complement that," Langle said.
He labeled this mixed-use project as personally important to him. He was born and raised in Bee Cave, a city of about 9,000 that is located about 17 miles west of downtown Austin. He called it a tight-knit community and said that they're hoping to keep that intact.
"I've seen everything in this area and we love it," Langle said. "We take a lot of pride in the buildings and the structures. ... We're not looking for a lot of outside vendors. We're trying to keep everything as local as possible.""
Source: Austin Business Journal
Written by: Justin Sayers
Published: March 4, 2023
Posted by Grossman & Jones Group on
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