Development
BY GRACIE WARHURST
A new neighborhood will bring an estimated 395 single-family homes to the city. This comes as Georgetown City Council recommended to move forward with a municipal utility district for the development at a work session Dec. 9. The proposed 146-acre project, currently called Bell Sharkey, will be located north of East University Avenue between NE Inner Loop and SH 130, an area the city has earmarked for mixed-density neighborhood zoning. In addition to the new homes, Pulte Group— the land’s developer—has a concept plan that includes: • Parkland and open space • A playground, shade pavilion and picnic tables Neighborhood to bring 400 homes
Explained
MUDs impose a special property tax to help developments pay for amenities and infrastructure improvements, according to city documents. Pulte Group plans to include water and waste- water infrastructure, drainage and street improve- ments, and parkland and trail enhancements, totaling a $43 million project. The MUD is proposing a tax rate of $0.55 per $100, which is the city’s maximum allowed rate for MUDs.
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Bell Sharkey MUD
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• Two trails, including a regional concrete trail and a 1.5-mile private nature trail Because of the area’s floodplain and topography, the middle of the neighborhood can not be developed, Assistant City Manager Nick Woolery said. The development will also include space for a lift station, which pumps wastewater to higher elevations along the San Gabriel River.
Looking ahead
Land development is slated to begin in early 2027, with the first home completed in mid- 2028. Full build-out would wrap up in 2033, said Dante Monsivais-Ochoa, director of land acquisition at Pulte Group.
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