The rezone approval came during an Aug. 24 Pflugerville City Council meeting.
The community, called Cameron 96, would consist of single-family structures and duplexes for rent, as well as several dozen single-family homes for sale, commercial spaces and parkland.
Information from the city states the 96-acre planned unit development will connect 1849 Park to nearby developments through the regional Wilbarger Greenway.
Among the selling points, city documents state the development intends to fill a housing option known as "missing middle," which consists of more affordable, mixed density housing units that are within walkable communities.
Felipe Castillo, senior vice president of real estate development company Urban Moment, said there will be about 83 homes in the single-family section of the development at a price point between $400,000 and $500,000.
Regarding the parkland, Castillo said 30 acres will include trails and other green space, and the 5 acres of commercial will be adjacent to Cameron Road.
The single-family and duplex homes for rent within the development, called Cameron Yardhomes, will consist of about 300 units and provide housing for people who might not be able to afford the rising cost of owning a home in Pflugerville, he said.
"It fills an affordability gap that a lot of people who are trying to buy homes can accomplish," Castillo said, adding rent prices will cater to households with annual incomes between $50,000 and $80,000. "If you look at the Yardhomes part, It's for those folks that no longer want to live in a traditional multifamily [apartment], and we provide the detached component."
Pflugerville Planning and Development Services Assistant Jeremy Frazzell said since City Council approved the rezone, the next steps involve a second reading of the rezoning request on Sept. 14. Should that pass approval, the development will move into the subdivision process.