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Marketplace Ave - Waterfront at Marketplace - Multifamily Land 18.84 Acres of Commercial Land in Kyle, TX 78640
INVESTMENT HIGHLIGHTS
- Approved PUD zoning
- Proposed: 330+ units of multifamily and stand-alone retail
- Significant development cost savings approved
EXECUTIVE SUMMARY
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.
Kyle, TX – One of the Fastest Growing Cities in the Nation
Home to approximately 58,000 residents and year-over-year population growth of 9%, Kyle ranks as one of the fastest growing cities in Texas and the U.S. A favorable business and tax environment coupled with rapidly growing infrastructure has led to the addition of major employers including Tesla, Amazon, St. David’s and Ascension Hospital Systems and more.
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.
Kyle, TX – One of the Fastest Growing Cities in the Nation
Home to approximately 58,000 residents and year-over-year population growth of 9%, Kyle ranks as one of the fastest growing cities in Texas and the U.S. A favorable business and tax environment coupled with rapidly growing infrastructure has led to the addition of major employers including Tesla, Amazon, St. David’s and Ascension Hospital Systems and more.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Lot Size | 18.84 AC |
| Lot Size | 18.84 AC |
DESCRIPTION
Location: Marketplace Avenue, Kyle, TX 78640 (Gmap: https://maps.app.goo.gl/99qxDsFiUA9vDfDV7) Lot Size: 18.84 acres (820,670 sf) Zoning: PUD Proposed: 330+ units of multifamily and approx. 3.5 acres stand-alone commercial/retail. No ground floor retail required on the multifamily Significant development cost savings approved
PROPERTY TAXES
| Parcel Number | R134788 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,080 |
PROPERTY TAXES
Parcel Number
R134788
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,080
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Marketplace Ave - Waterfront at Marketplace - Multifamily Land
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