The 18.92-acre property just north of Old Settlers Boulevard is being developed by Austin-headquartered company Aspen Heights.
A maximum of 210 dwelling units will be allowed on the property, made up of single-family attached and detached town homes. Up to 70% of the units may be attached, with each unit having a private yard. The maximum allotment of town homes per acre is 12 units.
Amanda Brown, representing Aspen Heights at the council meeting, said the development is intended to allow for "missing middle" residential development in a "highly amenitized residential community."
"We've committed to doing eight different amenities, like pools, sports courts, playgrounds, things like that," Brown said.
Previous to its rezoning, the property was a mix of OF-2 mid-rise office, MF-1 multifamily low-density, OF-1 general office and C-1 general commercial.
The community will not have a homeowners association, Brown said. Instead, the community will be managed by professional property management, similar to the way apartment buildings and other multifamily units are.
Annexed in 2019, the property on which Bell Yard will be built is owned by the Quick family. It is adjacent to the Quick Ranch development.