Address: Marketplace Ave, Kyle, TX 78640, USA
Property Description
PUD APPROVED – 336-UNIT MULTIFAMILY & RETAIL SITE IN KYLE, TEXAS
Waterfront at Marketplace is a +/- 18 .84-acre Multifamily and Retail development site located in the heart of Kyle, Texas. Situated on Marketplace Avenue near Highway I-35, the site offers excellent accessibility to local amenities as well as the greater Austin MSA. The approved PUD zoning allows the development of a 4-story, surface-parked multifamily project with up to 336 units (28 units per acre) and approximately 3 .5 acres of free-standing commercial/retail. The multifamily portion will not require ground-floor
retail space.
SIGNIFICANT DEVELOPMENT COST SAVINGS
In-place agreements with the city of Kyle offer significant savings on development costs in the form of waived Roadway Impact Fees, Water/Wastewater Impact fees, and Parkland Dedication fees. In addition, development of the property will not require on-site stormwater detention.