Page 1

Entitled Commercial Sites - 121 Acres AUSTIN (TRAVIS COUNTY), TEXAS Lakeway / Bee Cave Submarket OFFICE / RETAIL / MULTIFAMILY DEVELOPMENT OPPORTUNITIES

Sweetwater Crossing is a 403-acre mixed-use development in the high-growth Lakeway/ Bee Cave area of the Austin, Texas MSA. An existing Development Agreement provides full entitlements and avoids the time-intensive Bee Cave review process. • 12 office/retail sites, from 1 to 23 acres • 2 adjacent multifamily sites, entitled for up to 847 units SOLD

620

Lake Travis

• Signalized intersection at TX Hwy 71 W, plus two additional roadway intersections • Water, wastewater, and drainage services to site boundaries • High-income, high-growth residential area with excellent retail and healthcare services • Lake Travis ISD schools - among the best in Texas

2222

35

360

Lakeway

 Ham

1 71

Bee Cave

ilton Pool Rd.

2244

Sou 12 290

Westlake Hills

183

AUSTIN thw

est P

kwy.

71

Dripping Springs

CONTACT: Mike Rafferty, Wheelock Street Land, rafferty@wheelockst.com, (512) 788-5692

71


Entitled Commercial Sites - 121 Acres AUSTIN (TRAVIS COUNTY), TEXAS Lakeway / Bee Cave Submarket OFFICE / RETAIL / MULTIFAMILY DEVELOPMENT OPPORTUNITIES FAST FACTS: • Roads and utilities are complete; sites are ready to build • Bounded to the north by State Highway 71 West, within the jurisdictional regulatory boundaries of: • City of Bee Cave extra territorial jurisdiction (ETJ), but governed by separate Development Agreement • Travis County Transportation & Natural Resources Department • Travis County Emergency Services District No. 6 (Lake Travis Fire Rescue) • West Travis County Public Utility Authority • Lower Colorado River Authority • Lazy Nine Municipal Utility District 1-A • Texas Department of Transportation • Texas Commission on Environmental Quality (TCEQ) • Topographically, the tracts generally slope from the south towards SH 71 W • Vegetative cover varies from open grassland to tree cover of primarily ash juniper (cedar) and live oak

CONTACT: Mike Rafferty, Wheelock Street Land, rafferty@wheelockst.com, (512) 788-5692


Entitled Commercial Sites - 121 Acres AUSTIN (TRAVIS COUNTY), TEXAS Lakeway / Bee Cave Submarket OFFICE / RETAIL / MULTIFAMILY DEVELOPMENT OPPORTUNITIES 12 Retail / Office / Mixed-Use Sites

• • • •

6 pad sites, ~ 1 acre each 6 additional office, retail and mixed-use sites up to 23 acres Maximum height 5 stories Up to 70% impervious cover for pad sites Up to 60% impervious cover for larger sites Detention and water quality to be provided for most sites

HIGH

WAY 71

Open Space

• • • • • •

H-E-B Owned Site

WES

T

1.02 AC Pond

Grey Forest Multifamily

SOLD

5.65 AC COM

8.75 AC COM

1.62 AC

33 acres and 17 acres 847 maximum units Maximum height 4 stories Up to 60% impervious cover Offsite detention option available for Multifamily sites Multifamily sites will be accessible by public roadways and serviceable with utilities

S E R ENE H I L L S D R

• •

2 Adjacent Multifamily sites

1.06 AC 9.02 AC COM

Grey Forest Multifamily

SOLD

12.66 AC COM

Pond

4.73 AC COM

1.03 1.01 AC AC

1.00 AC

Covert Automotive Group

23.19 AC COM

SOLD

Pond Open Space

Irrigation Tract

CONTACT: Mike Rafferty, Wheelock Street Land, rafferty@wheelockst.com, (512) 788-5692


Entitled Commercial Sites - 121 Acres AUSTIN (TRAVIS COUNTY), TEXAS Lakeway / Bee Cave Submarket OFFICE / RETAIL / MULTIFAMILY DEVELOPMENT OPPORTUNITIES ROUGH HOLLOW

THE HILLS

H-E-B Randalls

LAKEWAY

STEINER RANCH

FLINTROCK FALLS

I ST U

SERENE HILLS H-E-B owned

EA L AK

SWEETWATER

Baylor Scott & White Medical Center

N

FALCONHEAD WEST

FALCONHEAD Home Depot Target

HIGHWAY 71

BELLA COLINAS

BEE CAVE

CVS

Dillard’s Best Buy

Whole Foods Dick’s H-E-B

Lowe’s

SPANISH OAKS

4 MILES

DISTANCES H-E-B Owned Site

0.2 miles

H-E-B & Randalls

3.6 miles

Target & Home Depot

4.1 miles

Hill Country Galleria (Dillard’s, Whole Foods, Dick’s, H&M, Cinemark)

4.2 miles

Shops at the Galleria (Lowe’s Best Buy, PetSmart, Marshall’s)

4.2 miles

SW Parkway Tech Corridor

9.0 miles

Austin CBD

19.5 miles

Austin-Bergstrom International Airport

24.3 miles

620

Lake Travis 2222

35

360

Lakeway

 Ham

1 71

Bee Cave

ilton Pool Rd.

Sou 12 290

Westlake Hills

2244

183

AUSTIN thw

est P

kwy.

71

Dripping Springs

CONTACT: Mike Rafferty, Wheelock Street Land, rafferty@wheelockst.com, (512) 788-5692

71


Entitled Commercial Sites - 121 Acres AUSTIN (TRAVIS COUNTY), TEXAS Lakeway / Bee Cave Submarket OFFICE / RETAIL / MULTIFAMILY DEVELOPMENT OPPORTUNITIES AUSTIN MSA FACTS & RANKINGS: •

Best Place in America for Starting a Business (Inc., December 2018)

#2 Fastest Growing U.S. Airport (UpgradedPoints.com, December 2018)

Best Big City to Live In Right Now (Money, November 2018)

#1 U.S. City Attracting the Most Workers (LinkedIn.com, August 2018)

Fastest Growing Top 50 Metro Economy Through 2022 (U.S. Conference of Mayors, June 2018)

#8 America’s Fastest Growing Cities (Forbes, February 2018)

#1 Best Place to Live in the U.S. (U.S. News, June 2018)

Signalized entry into Sweetwater Crossing from Hwy 71 West at Sweetwater Village Drive. Two additional points of entry from Hwy 71 West are available.

No warranty or representation, expressed or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, and withdrawal without notice.

CONTACT: Mike Rafferty, Wheelock Street Land, rafferty@wheelockst.com, (512) 788-5692


Entitled Commercial Sites - 121 Acres AUSTIN (TRAVIS COUNTY), TEXAS Lakeway / Bee Cave Submarket OFFICE / RETAIL / MULTIFAMILY DEVELOPMENT OPPORTUNITIES

NON-RESIDENTIAL DEVELOPMENT STANDARDS:

Retail, Commercial, Office, or Public/Community Services

Non-residential Standards Impervious Cover

Per Development Agreement with City of Bee Cave

Minimum Lot Size

No minimum

Maximum Building Height

5 stories

Minimum Average Parking Requirements (2)

General Office - 1 space per 300 SF of GFA Medical/Dental Office - 1 space per 200 SF of GFA General Commercial/Retail - 1 space per 250 SF of GFA Restaurant - 1 space per 100 SF of GFA Fitness and Health Clubs - 1 space per 150 SF of GFA Civic Uses (library, museum, etc.) - 1 space per 300 SF of GFA Places of Assembly - 1 space per 5 persons, based on maximum capacity Lodging - 1 space per guest room + 1 space per 2 employees

Minimum Open Area Requirement (1)

10%

Setbacks (Parking and Buildings) Minimum Setback from a ROW

Arterial - 20’ Collector - 15’ Local - 10’

Minimum Setback from Internal Access Drives

Buildings - 10’ Parking - 10’

Min. setback from a building to perimeter parcel boundary or open space not adjacent to public ROW

Building - 20’ Parking - 10’

Minimum Setback from adjacent nonresidential property lines

1-2 story buildings - 20’ 3-5 story buildings - 30’ Parking - 5’

Minimum Setback from adjacent residential property lines

1-2 story buildings - 25’ 3-5 story buildings - 40’ Parking - 20’

Notes: (1) Any area not covered by building, parking or drives is considered open area, such as plazas, sidewalks, landscape buffers, detention areas, etc. (2) Parking requirements may be reduced per DRC approval.

See Sweetwater East Master Development Standards within the Development Agreement for complete information

CONTACT: Mike Rafferty, Wheelock Street Land, rafferty@wheelockst.com, (512) 788-5692


Entitled Commercial Sites - 121 Acres AUSTIN (TRAVIS COUNTY), TEXAS Lakeway / Bee Cave Submarket OFFICE / RETAIL / MULTIFAMILY DEVELOPMENT OPPORTUNITIES

MULTIFAMILY DEVELOPMENT STANDARDS: 5.3 Multi-Family Residential Standards

MF

Maximum Gross Density (Du/Ac)

20

Maximum Height Allowed (4)

4 stories

Minimum Unit Size

575 S.F.

Off-street Parking Requirement (resident)

1-BR - 1 space/unit 2-BR - 2 spaces/unit 3-BR - 2 covered + 0.5 spaces/unit A minimum of 40% of resident parking should be covered.

Off-street Parking Requirement (guest)

1 space / 5 units

Minimum Open Area Requirement (2)

20%

Multi

Multi

home

a. Bu

1.

2.

b. Si

1.

Setbacks (Parking and Building) Building Separation

1-2 story - 20’ 3-4 story - 30’

Min. building setback from a ROW (3)

Collector - 20’ Local - 20’(1)

Min. setback from building to internal access drives

10’

Min. setback from a building to parking

8’

Min. setback from a building to perimeter parcel boundary or open space not adjacent to public ROW

15’

Min. setback from a building to perimeter parcel boundary with nonresidential adjacent use

25’

Min. setback from a building to perimeter parcel boundary with residential adjacent use

1-3 story - 20’ 4 story - 30’

2.

3.

4.

5.

Notes: (1) Porch and steps may encroach up to 5’ into the setback. (2) Any area not covered by building, parking or drives is considered open area, such as plazas, sidewalks, landscape buffers, detention areas, etc. (3) Setbacks may be reduced by 10’ for buildings that provide direct pedestrian access from the building units’ front doors to the street sidewalk. (4) Decorative rooftop appurtenances such as gables, chimneys, or other architectural details may exceed the building height limit if approved by the DRC.

6.

c. Pr

1.

See Sweetwater East Master Development Standards within the Development Agreement for complete information

2.

CONTACT: Mike Rafferty, Wheelock Street Land, rafferty@wheelockst.com, (512) 788-5692

Profile for Wheelock Communities

Sweetwater Crossing Brochure  

Sweetwater Crossing represents an unparalleled opportunity in the prime Bee Cave/Lakeway submarket of Austin, Texas, for office, retail, mu...

Sweetwater Crossing Brochure  

Sweetwater Crossing represents an unparalleled opportunity in the prime Bee Cave/Lakeway submarket of Austin, Texas, for office, retail, mu...