The development cost is estimated at 148.9 million dollars.
PFLUGERVILLE, Texas – A mixed-use development in Pflugerville known as the Downtown East Project will soon begin soliciting a master developer for a public-private partnership.
The 29-acre development is located at the northwest corner of FM 685 and East Pecan Street. It could potentially include up to 130,000 square feet of retail, 120,000 square feet of commercial establishments, 75,000 square feet of a hotel and 500 multi-family residences. Community influence It has been reported.
Related: Pflugerville’s 5-year capital improvement plan could cost more than $1 billion
A 120,000-square-foot recreation center and a 93,000-square-foot town hall have been approved for the site.
At Tuesday’s meeting, the Flugerville City Council received a presentation on the project that included cost estimates. Community Impacted reported that the development will cost $148.9 million, with $84.1 million going to the municipality, $31.5 million to the recreation center, $27 million to public parking and $9 million to public infrastructure.
Related: A look at planned downtown development in central Texas cities
Community Impact continued that “the impact on Pflugerville residents’ tax bills would be an increase of up to $3.38 per $100,000.”
The Pflugerville City Council voted 6-1 in favor of the proposal by the Pflugerville Downtown Community Stakeholder Committee. The recommendation has five parts, including a request for appropriated funds from the Pflugerville Community Development Corporation and a call for the creation of a cost recovery model for the operation and maintenance of recreation centers.
Read the full Community Impact report Here.
The Kremlin reacted after Paul Whelan revealed the US offer to release Britney Greiner
Rents in Austin are skyrocketing as developers struggle to keep up with demand
‘Unfair and wrong’: Rob’s headteacher backtracks on inquiry committee’s conclusions about faulty security