Posted Jun 27, 2013, 10:57 PM
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Join Date: Aug 2006
Location: Austin -> Tyler, TX
Posts: 2,317
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From the Austin Chronicle:
Taco Tower Project on Council's Plate
The Taco PUD wins divided blessing of Planning Commission
By Elizabeth Pagano, Fri., June 21, 2013
Quote:
Though the opposition was out in force at last week's Planning Commission meeting, commissioners nevertheless voted 5-3 to recommend a zoning change that would allow developers Post Paggi to increase the height of its planned condo project to 96-feet. Several commissioners took the time to argue that the added density at Riverside and Lamar was not only a good fit – it was exactly what the city needs, with an increase in population interested in living Downtown and a limited amount of space for people to live.
[SNIP]
Developers note that, in exchange for the benefit of added height from the zoning change, they are offering a selection of community benefits that include saving trees, providing retail and restaurants on the ground floor, water quality controls, a public plaza, and space for a bike share program. Developers will also be required to provide a certain amount of affordable housing, or pay a $430,000 fee in lieu to the city's affordable housing fund, though that determination will ultimately be up to Council.
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According to the Austin American Statesman, City Council postponed until Aug. 8 a vote on the zoning for a 96-foot mixed-use project at 211 S. Lamar Blvd.
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