The first being considered is a 6.84-acre tract located east of Chisholm Trail Road and south of West Old Settlers Boulevard, which will have its second reading that evening. The Round Rock Lofts PUD would occupy the property if it is successfully rezoned from C-1 general commercial use to a PUD. The multilevel urban residential building would have 10,000 square feet of commercial space on its first floor, no less than 45 residential units and a height limit of eight stories, according to Planning and Zoning director Brad Wiseman.
The meeting packet states the PUD incorporates MF-3 multifamily-urban zoning district requirements, such as structured parking, balconies on a minimum of 25% of its units and internal stairways. This prohibits drive-thrus, fuel sales and auto service facilities.
“All uses and associated amenities will be contained within the building,” Wiseman said. “The required residential parking will be in a multilevel parking structure.”
The second PUD under consideration is larger, at 65.5 acres. Located at the intersection of Greenlawn and Louis Henna Boulevard, the tract formerly owned by Dell is currently owned by Mark IV Capital, according to Wiseman. It is being considered for rezoning from C-1 to a Mixed Use-Greenspace PUD.
Community Impact Newspaper previously reported that the city of Round Rock entered into a development agreement with Mark IV Capital in which it will develop this property over the course of 20 years with a $200 million investment. In return, the city will pay for $12.6 million in public infrastructure such as water lines or roads.
“On the development agreements for 1 million square feet of residential, retail and office space to be developed, an investment of at least $200 million into the project also obligates the city to build some infrastructure improvements—mainly roads,” Wiseman said.
The District, as the project is known, will be a mixed-use development with approximately 1 million square feet of residential, retail and office space, “with pedestrians and cyclists in mind,” utilizing different road textures to increase driver awareness, Wiseman said. It will have a maximum building height of 15 stories, but Wiseman said that could change.
“They can foresee actually coming back to council at some point and going for even taller buildings way into the future,” Wiseman said.
This is the first reading of the ordinance changing the zoning for this property.
