Development
BY GRANT CRAWFORD, BROOKE SJOBERG & GRACIE WARHURST
Bond process for Prairie Winds begins Hutto City Council approved Feb. 20 start- ing the bond process for the Prairie Winds public improvement district area No. 1. About the project Plans for Prairie Winds include 1,093 sin- gle-family residential units on 263 acres near the new Lee Martinez Elementary School. Valued at $453 million, the project is expected to generate over $2.1 million in annual taxes.
$6.4M in bonds OK’d for Cottonwood Hutto City Council approved the issu- ance of $6.4 million in special assessment revenue bonds for the Cottonwood Creek Public Improvement District at its meeting Feb. 6. The bonds will go towards the second improvement area in the development. The details Located near the Hwy. 79 and CR 132 intersection, the area will include 262 sin- gle-family lots, including part of the Cotton Brook neighborhood. Community amenities, including hike and bike trails, a picnic area, basketball court, playground, park and pool will be built in PID area No. 2. City Council approved the bond issuance unanimously.
$19.5M approved for Meadowlark Preserve P ugerville City Council approved an ordinance to issue $19.5 million in special revenue bonds to fund public improvements in the Meadowlark Preserve area at its meeting Feb. 11. The bonds will help nance public infrastructure for the development. What is it? Public Improvement Districts provide fund- ing for additional maintenance or services in a community through bonds backed by property assessments in the area. The bonds cover con- struction costs, pay interest during development and cover administrative and issuance expenses. The action taken After a review of the authorized improvements, City Council approved bond funding for: • Wastewater lines
257-acre development pitched for Hutto The team behind The Gateway at Hutto, a pro- posed 257-acre mixed-use development, presented a plan to Hutto City Council at its meeting Feb. 20. Located at the corner of East Wilco Highway and CR 137, the planned project includes commercial, residential and open green space. The gist With its strategic location by the new East Wilco Highway, The Gateway would be an anchor for the city’s entrance, said Robert Deegan with Rialto Studio Landscape Architecture. He presented the project on behalf of landowner Steven Wolfe and development partner Harris & Straub, who have proposed the property be annexed into the city. The master plan for the project shows 256.7 acres broken down by use: • 29.2 acres of multifamily residential (730 units)
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• Drainage and stormwater systems • Street and pavement improvements • Street lights and signage Some context P ugerville rst approved the creation of the Meadowlark PID, located near Cameron Road and Jesse Bohls Drive, in 2022. The 98-acre site will include an estimated 375 single-family homes upon completion. The PID equivalent tax rate for the district is $0.7025 per $100 assessed value.
• 12.7 acres of townhomes (125 units) • 67.7 acres of single-family residential (285 units) • 57.6 acres of mixed-use commercial • 73.5 acres of open space • 16 acres for right-of-way and other uses The commercial sector would be concentrated in the middle of the development on either side of the highway. In addition to retail and dining, the plans show a hotel and conference center. The developers also hope to attract a grocer, Deegan said.
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ROUND ROCK 201 University Oaks Blvd (512) 341-9066 ARBORETUM 10515 N Mopac Expressway (512) 342-6893
GEORGETOWN 1013 W University Ave (512) 868-6696 PFLUGERVILLE 19000 Limestone
Commercial Dr (512) 953-4070
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