Development
BY ANNA MANESS
The Preserve project in Georgetown seeks infrastructure funding At an Oct. 22 meeting, Georgetown City Council members gave feedback on the proposed creation of a public improvement district for a mixed-use development off Highway 29. What you need to know City officials discussed a request for a fully commercial PID at The Preserve, a development currently under construction near the entrance of the Water Oak neighborhood. The project includes 18 buildings that will pro- vide retail, commercial and office space through- out 20.26 acres, Assistant City Manager Nick Woolery said during the meeting’s presentation. The PID request was submitted by Rupe Gopani on behalf of the site owner, 3701 SH29 LLC. PID reimbursements for nine authorized
Georgetown shopping center affected by fire Several business owners look to rebuild their stores after a fire broke out in a George- town shopping center Oct. 16. What we know The fire started around 9 a.m. at 1000 Oaks Center, a strip mall located off Leander Road, said Jennifer Riker, the manager at Office Lounge, a bar located in the center. While the investigation is ongoing with the Georgetown Fire Department, Riker said current information suggests the fire started inside Office Lounge. The fire spread onto several rooftops, causing significant ceiling damage for a number of stores, 1000 Oaks Center landlord Scott Schneider said. Several businesses will require long-term solutions for electricity to reopen, he said.
VISTA HEIGHTS DR.
The Preserve
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improvements are being sought by the developer, with a combined cost of about $5 million, accord- ing to the presentation. Explained PIDs are physical areas governed by the city or county where certain assessments are levied, or imposed, Woolery said. The PID would be used to help fund infrastructure improvements for the development, according to city documents. “What’s unique in this case—and would be the compelling reason to consider a PID in this case—would be to support a commercial develop- ment happening in an area of town that needs it,” Woolery said.
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