AUSTIN, Texas — Plans are moving forward for a new community with homes and parks in East Austin. The project is called "Colony Park Sustainable Community."
It’s a 208-acre community that could have everything from housing to parks and retail.
Catellus is the development partner contracted by the City of Austin working on the project.
"The current plan as we see it right now is just over 1,000 residential homes with a makeup of additional multi-family," said Sergio Negrete, vice president of development with Catellus.
The proposed site is located off Loyola Lane, east of U.S. 183.
Negrete said affordable housing will also be part of the plan.
"Twenty percent of the units will be set for affordable housing, so single-family ownership perspective 80% of [median family income] and below will be qualifying. And for rent, [it] will be 60% MFI or below," he said.
On June 8, a community outreach meeting at the Turner Roberts Center will give Austinites a chance to learn more about the project. It is one of several gatherings planned over next few months.
“It will allow us to engage the community as far as what types of things they would like to see in the development, from programming of the park and open space, to types of retail and commercial uses, to housing types as well," Negrete said.
The plan has to go through several zoning steps before a final proposal, which is expected to be brought forward to the Austin City Council in November for a first reading.
Negrete said if everything goes as planned, construction could get underway in 2025.
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