The overview
In line with a prior agreement made with the developer—LSBD Round Rock 118, LLC—in 2022, City Council is slated to vote on the annexation, municipal service agreement and zoning amendment for the 11.32-acre development to be known as The Preserve at Mustang Creek.
“This remarkable $88 million project is set to redefine affordable living in Round Rock,” representatives of Cadence McShane Construction, the company working on the housing development, said in a news release.
This project was designed to accommodate households earning 30%-60% of the area's median income, according to the release.
Bradley Dushkin, director of planning and development services, said May 7 during a briefing to City Council that the development is expected to cater to families by including predominantly two- and three-bedroom units. Dushkin added that the property has more green space than what is typical for a multifamily complex.
Also of note
Other amenities include a clubroom, an indoor play zone, a shaded outdoor playground and a pool, according to the news release. Plans for the property also include a solar carport that will offset 90%-100% of the communal space's energy usage.
The project has received funding from both the private sector as well as the Texas Department of Housing and Community Affairs, Dushkin said. Construction is expected to be complete by August 2025.
"[The Preserve at Mustang Creek] meets the city's goals in our comprehensive plan to provide a variety of housing forms—at different price points as well—to meet the growing needs of a quickly growing population," Dushkin said.
