AUSTIN – The city council has approved zoning designation for 2,217 undeveloped acres on the city's southeast, paving the way for a new mixed-use project called Pilot Knob.
Brookfield Residential's project could have as many as 14,300 housing units and up to 4.6 million sf of civic or commercial space, as well as 400 acres for parks and open space. Two-hundred acres are set aside for a mixed-use town center area.
Brookfield has committed to setting aside 10 percent of the owner-occupied homes to be affordable for a family making 80 percent of the median family income. Ten percent of the rental units over the next 40 years would be affordable for a family making 60 percent of the median family income.
The site is near Austin-Bergstrom International Airport between McKinney Falls Parkway to the west, FM 1625 and US 183 to the east, and from William Cannon Dr. in the north to Rodriguez Rd. in the south.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.