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Old Posted Mar 3, 2023, 3:00 PM
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Urbannizer Urbannizer is offline
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Join Date: Jan 2009
Location: Austin, TX / Portland,OR / Chicago, IL
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695 homes – many of them affordable – planned on East Riverside

Quote:
Plans for the project at 6610 East Riverside Drive include 600 residential units, half of which would be affordable, as well as 95 live/work units and 4,000 square feet of ground-floor commercial space.

Five percent of the exclusively residential units would be affordable for those making 60 percent of the median family income, and another 45 percent would be affordable at 80 percent MFI. The developer is aiming to partner with the Housing Authority of the City of Austin.

To make the project viable, the developer is requesting East Riverside Corridor – Corridor Mixed Use (ERC-CMU) zoning for the entire 6.5-acre property. Most of the site already has ERC-CMU zoning, but part of it has the more restrictive ERC-Neighborhood Mixed Use (NMU) zoning. With the zoning change, buildings could be 120 feet tall, or 10 to 12 stories.
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