Grapevine Town Council and the Grapevine Organizing and Zoning Commission pay attention to a presentation from Greystar agent Andrew Ord about increasing the Preserve’s condominium sophisticated, positioned in the vicinity of the DFW Airport and Freeway 360. (Sandra Sadek/Group Impact Newspaper)
In a joint general public listening to, users of Metropolis Council and the fee voted 6-1 and 7-, respectively, to rezone 47 acres of land to multifamily progress at 4501 Hwy. 360, Grapevine. Developer Greystar is spearheading the 2nd stage of The Maintain growth, which will be named Elan Grapevine.
The second stage will incorporate a gated neighborhood of 324 multifamily models surrounded by 33 acres of open up room, such as walking and biking trails. The new advancement will act as an extension of Section I of the Protect, which was at first denied in 2015 and then approved in 2018. The initial development was the first to be created under the city’s multifamily and combined-use style benchmarks manual, which was current that exact year.
Only one particular council member voted against the advancement. Council Member Leon Leal voted down the proposed site strategy and the rezoning need, declaring he wanted to see a lot more housing for the more mature people.
“I will not be supporting this, and not simply because of your presentation or the job you’ve completed,” Leal claimed. “I believe we need to have to test to find a position for our older group that want to keep in our city. So, I hope that down the highway, you may possibly take into account that.”
Groundbreaking for the task is envisioned all over May perhaps or June of 2021, with a two-calendar year timeline for completion. The addition of the multifamily models to the house will boost residence tax income to the metropolis by 166 instances and bring in about $700,000 in allow charges, according to business files.
“I imagine [the developer] has carried out a superior position with it,” Council Member Chris Coy stated. “That distinct piece of assets is hard. It truly is variety of narrow, and you have obtained the creek and the airport. I consider [the developer] has done a good position of maximizing what we have accessible with this piece of assets.”