Developer Doug Ivey and David C. Cancialosi, president of Permit Partners LLC, presented details about the 9-acre project May 11 during a meeting of the Oak Hill Association of Neighborhoods.
Construction could begin in late 2016 or early 2017, with parts of the development opening by late 2017 or early 2018, Cancialosi said. The proposed site plan designed by Cornerstone Architects for Lantana IV includes an office building, a private early childhood school, a building with retail and office space, and a restaurant space. Also in the site plan is a proposal to extend an existing sidewalk on Terravista Drive, Ivey said.
Most tenants have not been finalized, Cancialosi said. Ivey's daughter, Ashley Reinhardt, plans to open WonderWell–a private early learning school focused on the Reggio Emilia philosophy of education—in the development in August 2017. Reinhardt said she hopes to offer pre-enrollment this summer.
Developer Doug Ivey speaks about proposed mixed-use project Lantana IV at an Oak Hill Association of Neighborhoods meeting May 11.[/caption]The developer is seeking a zoning change from LR, or a “neighborhood commercial” zoning designation, to GR, or a “community commercial” designation. The change would allow for a larger deck to accompany the restaurant space, Cancialosi said.
The developer already has the support of the Lantana neighborhood and is now seeking OHAN members’ support as well, Cancialosi said.
“What we really want to do is create a node where the surrounding neighbors … can come here and actually get services specific to their needs instead of having to go all the way into MoPac or Bee Cave or maybe even the Y [at Oak Hill],” Cancialosi said.
During the meeting, a representative of the Escondera Condominiums Homeowner Association said his neighbors are concerned about traffic safety in the area and urged the developer to incorporate a traffic light into the site plan.
Ivey said the city is still reviewing documents, and the next step will be to present information to the city’s planning commission for consideration.
The project is one of several that are new to the area, including All Saints Presbyterian Church, which will open in June, and Stratus Properties' Tecoma project.
