Poleyard Residential Development
Summary
The Austin City Council has identified housing as a priority for downtown development. They have directed City staff to study the feasibility of a public-private partnership with Post Properties, Inc. for residential development at the Poleyard site (see map) owned by the City's Austin Energy.
Status
The Downtown Development Advisory Group have reviewed Post Properties' proposed development of the Poleyard, and have recommended that the City Council moves forward as quickly as possible to finalize a ground lease with Post Properties and expedite all approvals necessary to begin construction on the Poleyard site.
Description
On November 6, 1997 the City Council approved a resolution directing the City Manager to study the feasibility of entering into a letter of intent with Post for the construction of a residential project at the Poleyard site owned by the City's Austin Energy.
Austin Energy has prepared a report identifying remediation efforts necessary for the reuse of the site. The Watershed Protection Utility has committed to funding some erosion control improvement to Shoal Creek in the area, and the Parks and Recreation Department has some ISTEA funding for trail repairs and improvements.
Basic Data
- Project Contact: Michael Knox, Development Services Process Coordinator,
Planning, Environmental and Conservation Services Department, 499-6418
Revised July 29, 1998
Back to the July 1998 Contents
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