The sales center of The Terrace at Bee Cave’s Ethan’s View residential tract—including 16 townhomes and 38 condominiums—opened Dec. 10 at 13200 Bee Cave Parkway, exactly one year after Bee Cave City Council approved planned development districts The Backyard at Bee Cave and The Terrace at Bee Cave.
Developer Christopher Milam said he submitted the final construction drawings for the two sites to city officials in the same week and is moving forward with the Bee Cave Parkway projects that include office space, movie studios, music venues, The Nelson hotel, residences and restaurants.
Milam, CEO of IDM Development Corp., joined with John Paul DeJoria, owner of Patron Spirits and CEO of hair care products company John Paul Mitchell Systems, to create the planned development districts.
The Terrace
Ethan’s View will feature 54 residential units, with an average unit size around 2,200 square feet, Milam said. The homes are projected to sell for more than $500 per square foot, he said. The neighborhood pool will be about 80-100 feet-long, with an outdoor cooking deck, he said.
“It’s the most expensive project built in western Travis County,” Milam said. “It will be all concrete and steel, not stick and brick.”
Residential project Ethan’s View will be featured in new Bee Cave developments.[/caption]
Site clearing for the project is set to begin in February, he said. Excavation is planned for mid-March, and delivery of the first units is scheduled for mid to late 2017, he said.
A presale reservation program for the project began Dec. 14.
Bloom restaurant is also proposed for The Terrace and will incorporate about 9,000 square feet of dining space and additional patio seating, Milam said. The family-friendly, farm-to-table restaurant will feature organic, Hill Country menu items with a casual French flavor, he said.
The Backyard
Milam said he has submitted construction drawings to start building the project’s infrastructure in March. However, because of California tripling its incentives for movie and film production in-state and Texas’ recent legislative decision to curtail such incentives, Milam said he will be presenting a proposal to the Bee Cave Planning and Zoning Commission in January requesting to utilize the facility for possibly a data center.
“We need some options,” he said of the approximately 64,000 square feet of sound stages proposed to be constructed in four buildings.
A hotel, The Nelson, is also planned for The Backyard tract.
Together, The Backyard and The Terrace projects contain about 1 million square feet of leasable area and five parking garages, Milam said. The total budget for the projects is about $250 million, he said.
