The mixed-use Northline challenge, touted as offering a downtown space for Leander, will break floor for flats this 12 months and begin development on city houses and an leisure middle starting subsequent 12 months.
The Northline Leander Improvement Firm has partnered with Central Texas-based Novak Brothers on city houses on the market and with Houston-based Slate Actual Property on flats for lease, the event firm stated in a information launch.
There can be 343 condominium items opening by the tip of 2022 to lease and 14 city houses in the stores within the first quarter of 2023, the discharge stated. Presales on the primary city houses started this month. There can be a complete of 69 city houses constructed over a two-year-period, a launch stated.
One other a part of the Northline challenge that can function eating places, bars and retailers surrounding a central garden and patio space additionally will break floor within the first a part of 2022. It will likely be identified because the Hub.
Leander Metropolis Council Member Jason Shaw stated he’s wanting ahead to the opening of the leisure district.
“I am excited in regards to the leisure as a result of that’s what the residents of Leander have been asking for without end,” Shaw stated. He stated the district can be a spot the place “folks really feel just like the can benefit from the metropolis and never simply reside in it.”
The flats can be accessible in studio, 1-bedroom, 2-bedroom and 3-bedroom sizes and can vary from 700 to 1,500 sq. toes. The city houses, together with some accessible for rental, will vary from 1,300 to three,000 sq. toes.
Group facilities embrace a clubhouse, health middle, co-working and gathering areas, a pool and a courtyard and sport garden.
The costs for the three,000 square-foot city houses on the market will begin within the low $700,000 vary, the discharge stated.
“From the charming entrance garden timber and landscaping to the outsized main bedrooms and opulent loos, we’re thrilled to supply residents of Leander with a phenomenal and comfy new place to reside,” Pleasure McVean, managing director of Novak Residential, stated in regards to the city houses within the launch.
Town has supplied $9.54 million to pay for infrastructure, together with streets, utilities and parks for the primary part of the challenge.
Town additionally has a improvement settlement that Leander can be reimbursed for the infrastructure prices as much as $15 million by means of a tax increment reinvestment zone.
Northline Leander Improvement Firm additionally can be reimbursed by means of the zone for infrastructure prices as much as $12.5 million.
The 116-acre, mixed-use Northline challenge additionally can have 225,000 sq. toes of retail area and 1.9 million sq. toes of deliberate workplace area when it’s completed.
Northline is predicted to take 10 to fifteen years to construct.
“The group of Northline will tackle a important want in one of many fastest-growing cities within the nation that lacks a real downtown district,” Alex Tynberg, the founding father of the Northline Improvement Firm, stated within the launch.
“We stay up for bringing a vertical mixed-use, live-work-play City Sq. middle to the town of Leander.”