31 C14-2024-0120 -1500 Faro Drive; District 3 - Staff Report — original pdf

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ZONING CHANGE REVIEW SHEET DISTRICT: 3 C14-72-204(RCA6) – 1500 Faro Drive-RCA CASES: C14-2024-0120 – 1500 Faro Drive ZONING FROM: East Riverside Corridor (ERC-Urban Residential Subdistrict) ZONING TO: East Riverside Corridor (ERC-Corridor Mixed Use Subdistrict), and to amend Figure 1-6 (East Riverside Corridor Hub Map) to include the entire lot in the Hub boundary and to Figure 1-8 (East Riverside Corridor Development Bonus Height Map), to increase the maximum building height up to 160 feet through participation in a density bonus program RESTRICTIVE COVENANT REQUEST: To amend a Restrictive Covenant ADDRESS: 1500 Faro Drive SITE AREA: 18.583 acres OWNER / APPLICANT: Fairfield Paradise Oaks LP (Cliff McDaniel) AGENT: Drenner Group, PC (Amanda Swor) CASE MANAGER: Nancy Estrada (512-974-7617, nancy.estrada@austintexas.gov) STAFF RECOMMENDATION: The Staff recommendation is to grant East Riverside Corridor – Corridor Mixed Use Subdistrict (ERC-CMU) district zoning, and to amend Figure 1-6 (East Riverside Corridor Hub Map) to include the entire lot in the Hub boundary, and to Figure 1-8 (East Riverside Corridor Development Bonus Height Map), to increase the maximum building height up to 160 feet through participation in a density bonus program. Staff recommends amending restrictive covenant C14-72-204, to remove the subject property from the restrictive covenant, which limits the number of dwelling units or the number of units per acre. For a summary of the basis of Staff’s recommendation, please see case manager comments on pages 2 - 4. PLANNING COMMISSION ACTION / RECOMMENDATION: November 12, 2024: CITY COUNCIL ACTION:  Page 2 C14-2024-0120 C14-72-204(RCA6) ORDINANCE NUMBER: ISSUES: CASE MANAGER COMMENTS: The subject rezoning area is approximately 18.5 acres located at the intersection of Faro Drive and Crossing Place just north of East Riverside Drive. The property is currently developed with low-rise buildings of existing multifamily residences that include 248 units. This site is in the East Riverside Corridor (ERC) Regulating Plan within the Urban Residential (UR) subdistrict and is not located within the hub boundary. Multifamily residences are located to the north and west along Faro Drive and Crossing Place (ERC-CMU; MF-2; MF-3-NP). Single family residences are to the east across Faro Drive as well as condominiums along River Crossing Circle (MF-2-NP; PUD-NP). To the south across East Riverside Drive are single family residences and multifamily (ERC-UR & NMU; SF-3-NP). Please refer to Exhibits A, B (Zoning Maps) and C (Aerial Exhibit). The existing 248 multifamily units on the property are currently reserved as affordable for lease and occupancy by households earning up to 60% or less than the Austin-Round Rock Metropolitan Statistical Area MFI. The applicant is intending that a minimum of 248 units are to be replaced in the proposed development as affordable at the same 60% MFI level with the same number of bedrooms that exist today. The affordable unit replacement will be the first phase of the redevelopment with all affordable units being replaced before any other new development takes place. Any tenants that are within the area to be developed with the first phase will be offered either a different unit in the existing complex or the ability to relocate to a nearby apartment complex, owned by the applicant’s client, to a unit of their choice with the same number of bedrooms. The rental amount will remain the same and moving expenses will be paid. Once the first phase is complete, all other tenants will be able to move into the new units at the current 60% MFI. If required, the developer will comply with the Tenant Notification and Relocation Assistance requirements in the City of Austin Land Development Code. [LDC 25-1-712]. Access is proposed from both Faro Drive, which is an urban roadway, and Crossing Place, a level 3 roadway. Access is also proposed from East Riverside Drive which is designated as a core transit corridor. There are Capital Metro bus routes along Crossing Place and East Riverside Drive and seven bus stops that are located within one quarter of a mile west of the property. The (UR) subdistrict allows for buildings up to 40 feet in height; however, since the property is not within the hub boundary, it is ineligible for a development bonus.  Page 3 C14-2024-0120 C14-72-204(RCA6) The Applicant is requesting to rezone the property to the Corridor Mixed Use (ERC-CMU) subdistrict, to amend Figure 1-6 (East Riverside Corridor Hub Map) to include the entire property in the Hub boundary, and to Figure 1-8 (East Riverside Corridor Development Bonus Height Map), to increase the maximum building height up to 160 feet through participation in a density bonus program. Please refer to the attached Figures. The requested amendment would allow the property to be redeveloped with approximately 775 multifamily residences at a maximum building height up to 160 feet. The additional height and density would be in exchange for the provision of community benefits. In addition to the rezoning case, there is a Restrictive Covenant amendment that is also being proposed. The Restrictive Covenant, C14-72-204, originally dating from 1975, is applicable to 497 acres, which includes the subject property. The restrictive covenant limits the total number of dwelling units or the number of units per acre. The Applicant is requesting that the property be released from the restrictive covenant. The original Restrictive Covenant has been amended five times since 1997 to release certain properties from the document’s provisions. Please see Exhibit D (Restrictive Covenant to be amended). Staff is recommending the Corridor Mixed Use subdistrict (ERC-CMU), to include the entire lot in the hub boundary, and to increase the maximum building height up to 160 feet through participation in a density bonus program. Staff also supports the requested Restrictive Covenant amendment. BASIS OF RECOMMENDATION: 1. The proposed zoning should be consistent with the goals and objectives of the City Council. The East Riverside Corridor (ERC) Regulating Plan created land use districts to help guide development in accordance with proposed transit improvements. The proposed transit improvements, now known as Project Connect’s Blue Line Project, maintain the same general alignment and transit center alignment as shown in the ERC Regulating Plan. This light rail transit line will offer service from southeast to northeast Austin with one of the transfer stations being at the intersection of East Riverside Drive and South Pleasant Valley Road. The Austin Light Rail Phase I also proposes a station at Faro Drive. The subject property is approximately 0.5 miles from the intersection of East Riverside Drive and South Pleasant Valley Road and 0.25 miles from the proposed Faro Drive station. The future Rapid800 Pleasant Valley CapMetro line is also a part of the Project Connect plan. This site is located just north of East Riverside Drive which is identified as a Core Transit Corridor within the ERC. The current CapMetro bus system shows approximately seven existing CapMetro bus stops and one bus route on Crossing Place which are less than one quarter of a mile from the property. There are also other regular bus routes along East Riverside Drive.  Page 4 C14-2024-0120 C14-72-204(RCA6) The Corridor Mixed Use (CMU) subdistrict is the highest intensity district as it relates to density and height. Rezoning this lot to the (CMU) subdistrict and allowing inclusion within the Hub boundary would promote higher density and supports transit development. Based on the information above, Staff believes the proposed rezoning change is supported by the East Riverside Corridor Regulating Plan. 2. Zoning should promote clearly identified community goals, such as creating employment opportunities or providing for affordable housing. The applicant is intending for a minimum of 248 units to be replaced in the proposed development as affordable at the same 60% MFI level with the same number of bedrooms that exist today. The future development will help meet the City of Austin’s affordable housing needs and increase the number of housing choices for the City and the neighborhood. EXISTING ZONING AND LAND USES: ZONING Site North MF-2; MF-3-NP; ERC (UR subdistrict) ERC (CMU subdistrict); LAND USES Multifamily (248 units) Multifamily South ERC (UR & NMU Single Family residences; Multifamily subdistricts); SF-3-NP East MF-2-NP; PUD-NP West ERC (CMU subdistrict) Multifamily Single Family residences; Condominiums NEIGHBORHOOD PLANNING AREA: East Riverside/Oltorf Combined (Pleasant Valley) WATERSHED: Country Club East and Country Club West – Suburban CAPITOL VIEW CORRIDOR: No SCENIC ROADWAY: Yes – East Riverside Drive SCHOOLS: Del Valle Independent School District Small portion of property along East Riverside Drive is within Austin Independent School District – Allison Elementary / Martin Middle School / Eastside Memorial High School COMMUNITY REGISTRY LIST: Austin Independent School District, Austin Lost and Found Pets, Austin Neighborhoods Council, Crossing Gardenhome Owners Assn. (The), Friends of Austin Neighborhoods, East Austin Conservancy, Pleasant Valley, Preservation Austin, Page 5 C14-2024-0120 C14-72-204(RCA6) Del Valle Community Coalition, East Riverside Corridor Staff Liaison, Homeless Neighborhood Association, Riverside Farms Road Neighborhood Association, Save Our Springs Alliance Neighborhood Empowerment Foundation, Overton Family Committee Southeast Austin Neighborhood Alliance, East Riverside/Oltorf Neighborhood Plan Contact Team AREA CASE HISTORIES: Del Valle ISD, Sierra Club Austin Regional Group, SELTexas, NUMBER C14-2024-0066 – 1500 Crossing Place REQUEST ERC-UR to ERC-CMU COMMISSION To Grant ERC-CMU (08/13/2024) CITY COUNCIL Approved ERC-CMU as Commission Recommended (10/10/2024) Approved ERC-NMU as Commission Recommended (9/14/2023) Approved ERC-NMU as Commission Recommended (5/30/2024) Approved ERC-CMU as Commission Recommended (10/17/2019) C14-2022-0172 – 2207 & 2301 Wickersham Lane ERC-UR to ERC-NMU To Grant ERC-NMU (08/8/2023) C14-2022-0090 – 2239 Cromwell Circle ERC-UR to ERC-NMU To Grant ERC-NMU (08/8/2023) To Grant ERC-CMU (06/11/2019) ERC-NMU; ERC-UR to ERC-CMU C14-2018-0026; C14-2018-0027; C14-2018-0028 – 4700 E. Riverside Dr.; 1515 & 1600 Wickersham; 4600 Elmont Dr.; 1109 S. Pleasant Valley Rd. C14-2018-0026(RCT) To terminate Restrictive Covenant C14-2018-0027(RCA) To amend Restrictive Covenant C14-97-0010(RCT) – 1600 Wickersham Lane To terminate Restrictive Covenant Termination of Restrictive Covenant Termination of Restrictive Covenant Amendment of Restrictive Covenant Amendment of Restrictive Covenant Termination of Restrictive Covenant Termination of Restrictive Covenant  Page 6 C14-2024-0120 C14-72-204(RCA6) RELATED CASES: C14-2012-0112/0111a/0111b – East Riverside Corridor Regulating Plan was adopted by City Council on May 9, 2013 (Ordinance No. 20130509-039). C14-72-204(RCA); C14-72-204(RCA2); C14-72-204(RCA3); C14-72-204(RCA4); C14-72- 204(RCA5) – Amendments to Restrictive Covenant C14-72-204 ADDITIONAL STAFF COMMENTS: Comprehensive Planning The subject property located at 1500 Faro Drive is currently the site of Paradise Oaks Apartments, providing income-restricted affordable units at 30%, 60%, and 80% MFI with one bedrooms starting at $1354 for 772 SF ranging to four bedrooms starting at $2086 for 1,336 SF. The property is within the ‘Active’ displacement risk area according to the Project Connect Anti-Displacement Map which states that vulnerable populations are present with active demographic change and an accelerating or appreciating housing market. Dashboard website: https://austin.maps.arcgis.com/apps/MapSeries/index.html?appid=799dbd68b43a4d9d8c029 2befe8c9b34. The ERC Urban Residential district is intended to provide a range of housing types including townhouses, rowhouses, condos, or multifamily residential, education, and civic uses with a maximum base building height of 40 feet. The ERC Corridor Mixed Use subdistrict is primarily intended to provide residential and office over ground-floor commercial retail or office with a maximum base building height of 60 feet. The site is currently not within the Hub area (Figure 1-6) which allows properties to participate in the development bonus for additional entitlements with the ERC Development Bonus Height Map (Figure 1-8) showing the Property as being ineligible for development bonus. The applicant has requested the subject property be included in the Hub area eligible for the development bonus up to 160 feet in building height, as are adjacent tracts to the west/northwest. It appears existing zoning capacity has not allowed the subject property and others like it to respond to market forces which desire to fulfill the intent of the East Riverside Corridor plan through the creation of transit-supportive, higher-density mix of uses with the density bonus eligibility necessary to provide Affordable housing. The zoning request appears to be consistent with the intent of the East Riverside Corridor Master Plan in supporting the Pleasant Valley Transit Plaza Development Hub serving as a gateway to downtown as well as urban planning and design best practices primarily by increasing intensity and density of a mix of land uses in the urban core along a well-used transit line. C14-2024-0120 C14-72-204(RCA6) “Focusing more dense development near primary transit stops enables a greater number of people to walk to transit, reducing the need and expense of a car.” p35 ERC MP Page 7 1500 Faro Drive Current Request Zoning Land Use ERC Urban Residential (UR) (Figure 1-2) Multifamily residential 248 units existing Hub boundary No ERC Corridor Mixed Use (CMU) Multifamily residential +/-775 units proposed Yes (Figure 1-6) 40 feet (Figure 1-12) 0.75:1 (Figure 1-12) Base Height Base FAR Development Bonus 60 feet 2:1 Maximum Building Height: 65 feet (Figure 1-8) Maximum FAR: N/A UR properties are not eligible to participate in the Development Bonus. Maximum Building Height: 160 feet Maximum FAR: waived with development bonus Setbacks & Stepbacks Interior Side Yard: 0’ Rear Yard: 0’ Interior Side Yard: 0’ Rear Yard: 0’ Stepback: The building facade at the third story and above must be stepped back a minimum of 10 feet from the ground level building facade line. Maximum Impervious Cover 65% or maximum allowed by LDC 25-8 90% or maximum allowed by LDC 25-8 In accordance with 4.2.4 (D) In accordance with 4.2.4 (D) Compatibility Standards Active Edge Adjacent Street Types N/A (Figure 1-4) Crossing Place is an ERC Urban Roadway existing street (Figure 1-3) N/A Crossing Place is an ERC Urban Roadway existing street (Figure 1-3) Future Streets N/A (Figure 1-3) N/A (Figure 1-3)  Page 8 C14-2024-0120 C14-72-204(RCA6) Drainage The developer is required to submit a pre- and post-development drainage analysis at the subdivision and site plan stage of the development process. The City’s Land Development Code and Drainage Criteria Manual require that the Applicant demonstrate through engineering analysis that the proposed development will have no identifiable adverse impact on surrounding properties. Environmental The site is not located over the Edwards Aquifer Recharge Zone. The site is in the Country Club East and Country Club West Watersheds of the Colorado River Basin, which are classified as a Suburban Watersheds by Chapter 25-8 of the City's Land Development Code. The site is in the Desired Development Zone. Under current watershed regulations, development or redevelopment on this site will be subject to the following impervious cover limits: Development Classification % of Gross Site Area % of Gross Site Area Single-Family (minimum lot size 5750 sq. ft.) Other Single-Family or Duplex Multifamily Commercial 50% 55% 60% 80% with Transfers 60% 60% 70% 90% According to floodplain maps there is a floodplain within or adjacent to the project location. Based upon the location of the floodplain, offsite drainage should be calculated to determine whether a Critical Water Quality Zone exists within the project location. Standard landscaping and tree protection will be required in accordance with LDC 25-2 and 25-8 for all development and/or redevelopment. At this time, site specific information is unavailable regarding vegetation, areas of steep slope, or other environmental features such as bluffs, springs, canyon rimrock, caves, sinkholes, and wetlands. Under current watershed regulations, development or redevelopment requires water quality control with increased capture volume and control of the 2-year storm on site. At this time, no information has been provided as to whether this property has any preexisting approvals that preempt current water quality or Code requirements. Fire No comments on zoning change.  Page 9 C14-2024-0120 C14-72-204(RCA6) PARD – Planning & Design Review Parkland dedication will be required for residential units proposed by this development at the time of subdivision or site plan, per City Code § 25-1-601. The site is within the East Riverside Corridor (ERC) Regulating Plan area. Changes are proposed for the zoning subdistrict, the Corridor Hub map and Development Bonus maps. Assuming the Development Bonus will be requested, please reach out to scott.grantham@austintexas.gov to schedule a meeting regarding site planning. PARD and the Housing Department separately determine eligibility for the Development Bonus, and both departments’ requirements must be met. PARD will determine eligibility based on two separate requirements: the dedication of parkland (referred to in ERC 6.4.2.B.9, and § 25-1-601) and Publicly Accessible Open Space (ERC 6.4.2). Parkland must be dedicated; the requirement cannot be satisfied only through fee in-lieu. The Publicly Accessible Open Space must meet the criteria listed in 6.4.2 and be dedicated as a Public Access Easement. Should additional fees be required, those fees shall be used toward park investments in the form of land acquisition and/or park amenities in the surrounding area, per the Parkland Dedication Operating Procedures § 14.3.11 and City Code § 25-1-609. Site Plan Site plans will be required for any new development other than single-family, two-family or duplex residential. This site will be subject to the ERC Regulating Plan. Any new development is subject to Subchapter E. Design Standards and Mixed Use. Additional comments will be made when the site plan is submitted. This tract is in the Pleasant Valley Neighborhood Plan. This tract is already developed, and the proposed zoning change is a footprint within the existing development Austin Transportation Department – Engineering Review A traffic impact analysis for this site is not required, the traffic generated by the proposal does not exceed the thresholds established in the City of Austin Land Development Code. [LDC 25-6-113] The Austin Strategic Mobility Plan (ASMP) calls for 152 feet of right-of-way for E. Riverside Dr. It is recommended that 76 feet of right-of-way from the existing centerline C14-2024-0120 C14-72-204(RCA6) should be dedicated for E. Riverside Dr. according to the Transportation Plan with the first subdivision or site plan application. [LDC 25-6-51 and 25-6-55]. Page 10 The Austin Strategic Mobility Plan (ASMP) calls for 84 feet of right-of-way for Faro Dr. It is recommended that 42 feet of right-of-way from the existing centerline should be dedicated for Faro Dr. according to the Transportation Plan with the first subdivision or site plan application. [LDC 25-6-51 and 25-6-55]. There is a proposed Urban Trail adjacent to this site, along the southern property boundary (Country Club Creek Trail) along E. Riverside Dr. The easement required is a minimum of 20 ft as this allows for a 12 ft trail (minimum trail width per the urban trails plan) and room for maintenance activity. This is the same for Tier I and Tier II trails. The adjacent street characteristics table is provided below: Name ASMP Classification Existing ROW Existing Pavement Sidewalks Bicycle Route ASMP Required ROW Capital Metro (within ¼ mile) 152’ 120’ 80’ Yes Yes Yes East Riverside Drive Level 3 – Minor/Major Arterial Faro Drive Level 2 - Collector Crossing Place Level 3 – Minor/Major Arterial 84’ 68’ 42’ Yes Yes Yes 96’ 98’ 80’ Yes Yes Yes Austin Water Utility No comments on zoning change. The landowner intends to serve the site with existing City of Austin water utilities. Depending on the development plans submitted, water and or wastewater service extension requests may be required. All water and wastewater construction must be inspected by the City of Austin. For more information pertaining to the Service Extension Request process and submittal requirements contact the Austin Water SER team at ser@austintexas.gov. Page 11 C14-2024-0120 C14-72-204(RCA6) INDEX OF EXHIBITS AND ATTACHMENTS TO FOLLOW: Exhibit A: Zoning Map – C14-2024-0120 Exhibit B: Zoning Map – C14-72-204(RCA6) Exhibit C: Aerial Map Applicant’s Summary Letter – Rezoning Figure 1-2: East Riverside Corridor Subdistrict Map Figure 1-6: East Riverside Corridor Hub Map Figure 1-8: East Riverside Corridor Development Bonus Height Map Figure 1-9: Corridor Mixed Use (CMU) – Development Standards Summary Applicant’s Summary Letter – Restrictive Covenant Amendment Exhibit D: Restrictive Covenant to be AMENDED APARTMENTS ERC C14-72-204(RCA4) C14-2018-0028 C14-00-2044 C14-2018-0027(RCA) APARTMENTS 94-0071 E L M O N T D R ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! C14-2018-0026(RCT) C14-97-0010(RCT) C14-2018-0026 ERC C14-97-0010 C14-72-204(RCA4) C14-2018-0027(RCA) 97-0010 APARTMENTS WIC KE R S H A M LN C14-2018-0027(RCA) APARTMENTS SP96-0159C C14-72-204(RCA4) C14-2018-0027 ERC ! ! ! ! ! ! 72-204 ! ! ! ! ! ! ! ! ! ! ! ! ! ! 94-0071 SP-95-0129C 72-204 SP-96-0242C SP-00-2260C ! ! 72-204 ! ! ! ! ! ! ! SP-85-53 MF-3-NP ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! 72-204 750814-B P83- 87 ! ! L ! ! ! ! ! F A ! R O D ! R ! ! ! ! SP95-0133C ! ! C14-72-204 MF-2 72-204 750814-B P83-72 ! ! G P SIN S O R C ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ERC 72-204 750814-B P82-91 ! ! ! ! ! ! ! ! ! ! ! ! ! MF-3 MF-2 RR 72-204 MF-2-NP P83-72 SF-6 PUD-NP NPA-2012-0021.02 NPA-2011-0021.02 E RIVERSIDE DR C14-05-0113.04 S T N E M T R A P A 05-0113.04 72-327 C14-06-0138 06-0138 71-260 SP07-0126C CP72-29 ! ! ! ! ! ! ! ! ! ! ! ! ! ERC ! ! ! ! ! ! ! > ! > > > ! ! = ! = = = = ! = ! C14-2012-0111 750814-B ! ! SP-03-0132C C14-02-0022 02-0022 ! ! ! ! ! 72-204(RCA) ! ! ! ! APTS. ! ! ! ! ! ! ! ! ! C814-74-008 (VOID) ! ! ! ! ! ! ! ( ( PUD-NP ( ( ( ( S U M M E R D R ( ( ( ( ( ( ( ( ( ( PUD-NP ( S U M M E R C I R ( ( ( ( PUD-NP ( S I N G C I R ( ( ( ( ( ( ( ( PUD-NP Y A Y W E N HIT W ! ! ! ! ! ! ! ! ! PUD-NP 84-98 > OFFC. = = = = = = = = = = SF-3-NP = = = E V H A T E N N E K = = SF-3-NP > > > > R Y D E S K KIR = = = ( = = = ERC = = ! ! ! ! ! = ! ! ! ! ! ! ! ! SF-2-NP ( ( SF-2-NP ( ( D S R M R 99-0102 NPA-2018-0021.03 C14-2018-0088 LO-MU-CO-NP E FA SID R E RIV ERC C14-99-0102 SP-00-2279C E R C R O S R I V 72-204 750814-B C814-83-0101 D EV ELO PE D WITH TO W N H O U SE S ( AL E ( ( XIS C V PUD-NP P C14-05-0113 ! ! ! ! ! ! ! ! ( SF-3-NP ( ! ! ! ( ! ! ! ! ! ( S C 68 2 97-0 FIRE STATION C P S 86-243 P-NP 79-239 P80-22 OFFICE CP73-56 84-343 ERC 98-0034 P-NP CD-2007-0010 C 8 14-7 6-04 ERC ! SF-1-NP ! ! ( ! ! ( ! ! ! ! ! ! ! ! R K D NIC E P ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ( ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! UNDEV ! ! !! ! ! ! ERC ! ! ! C14-06-0091 ! ! ! ! ! ! ! ! ! ! ! ! ! SUBJECT TRACT ! ! ! ! ! ! PENDING CASE ! ! ! ! ! ZONING BOUNDARY ZONING CASE#: C14-2024-0120 ZONING EXHIBIT A ! ! ! ! ! ! ! ! 1 " = 400 ' ! ! ! This product is for informational purposes and may not have been prepared for or be suitable for legal, engineering, or surveying purposes. It does not represent an on-the-ground survey and represents only the approximate relative location of property boundaries. This product has been produced by the Planning Department for the sole purpose of geographic reference. No warranty is made by the City of Austin regarding specific accuracy or completeness. Created: 8/12/2024 ERC C14-2022-0172 ! ! ! ! ! ! ! ! R I C L L E W M O R C ! ! ! ! ! ! ! ! ± ! ! ! ! ! MF-3 MF-2 RR APARTMENTS ERC C14-72-204(RCA4) C14-2018-0028 C14-00-2044 C14-2018-0027(RCA) E L M O N T D R 72-204 SP-96-0242C C14-2018-0027(RCA) APARTMENTS 94-0071 72-204 ! ! ! ! ! ! ! SP-85-53 MF-3-NP SP-00-2260C C14-2018-0026(RCT) C14-97-0010(RCT) ERC C14-97-0010 C14-2018-0026 C14-72-204(RCA4) 97-0010 APARTMENTS WIC KE R S H A M LN C14-72-204(RCA4) C14-2018-0027 ! ! ! ! ! 72-204 750814-B P83-87 ! ! ! ! ! ! ! ! ! ! SP95-0133C ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! L ! ! ! ! ! ! ! G P SIN S O R ! ! C ! ! ! ! ! ! ! ! ! ! 72-204 C14-72-204 C14-2018-0027(RCA) APARTMENTS SP96-0159C ERC ! ! ! ! ! ! ! ! ! ! ! ! 94-0071 ! ! ! !! SP-95-0129C ! ! ! ! ERC 72-204 750814-B P82-91 ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! C14-2012-0111 ! ! ! ! ! ! SP-03-0132C C14-02-0022 02-0022 ! ! ! ! 72-204(RCA) ! ! APTS. ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! C814-74-008 (VOID) NPA-2012-0021.02 NPA-2011-0021.02 E RIVERSIDE DR C14-05-0113.04 72-327 C14-06-0138 06-0138 SP07-0126C 71-260 CP72-29 ERC > > S T N E M T R A P A ! ! ! ! 84-98 > OFFC. > = > = = R Y D E S K KIR = = SF-3-NP = = = = = = = = = = = = E V H A T E = N N SF-3-NP E = K > > > > = = = = = = = = = ! ! ! ! ( ! ! ! ! ! ! ! ! !! !! = = ( ( ERC ERC C14-2022-0172 C14-2022-0090 PUD-NP DE V ELO PE 72-204 750814-B C814-83-0101 D WIT H TO W N H O U S E S NPA-2018-0021.03 C14-2018-0088 LO-MU-CO-NP ERC C14-99-0102 SP-00-2279C FIRE STATION 86-243 P-NP R O D R FA CP73-56 SF-2-NP ( SF-2-NP ( 99-0102 ERC 98-0034 P-NP CD-2007-0010 ± SUBJECT TRACT ! ! ! ! ! ! PENDING CASE Restrictive Covenant Amendment CASE#: C14-72-204(RCA6) ZONING BOUNDARY EXHIBIT B This product is for informational purposes and may not have been prepared for or be suitable for legal, engineering, or surveying purposes. It does not represent an on-the-ground survey and represents only the approximate relative location of property boundaries. MF-2 72-204 750814-B P83-72 ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! 72-204 MF-2-NP P83-72 SF-6 PUD-NP ( ( ( ( ( ( PUD-NP S U M M E R D R ( ( PUD-NP ( ( ( ( ( ( S U M M E R C I R ( ( ( ( ( ( ( ( ( ( ( ( PUD-NP ( ( ( ( PUD-NP Y A Y W E N HIT W 1 " = 400 ' This product has been produced by the Planning Department for the sole purpose of geographic reference. No warranty is made by the City of Austin regarding specific accuracy or completeness. Created: 10/15/2024 ( ALE ( ( XIS C V PUD-NP C 8 1 4-7 6-0 4 ( ! ! ! ( ! ! ( ! ! R ERC K D ! ( NIC E P ! ! ! ! ! ! ! ! ! ! P C14-05-0113 ! ! ! ! ! ( ( SF-3-NP ! ! ! ! ! ! ! ( ! ! ! ! ! SF-1-NP ! ! ! ! ! ! ! ! ! UNDEV ! ! ! ! ! ERC ! ! ! ! ! ! C14-06-0091 ! ! ! ! ! SUBJECT TRACT ZONING BOUNDARY N A.-'"'.- - CJ PENDING CASE CREEK BUFFER 1500 Faro Drive EXHIBIT C C14-2024-0120 C14-72-204(RCA6) 1500 Faro Dr. 18.583 Acres Nancy Estrada ZONING CASE#: RCA CASE #: LOCATION: SUBJECT AREA: MANAGER: This product reference. has been produced by the Housing and Planning for the sole purpose of geographic No warranty is made by the City of Austin regarding specific or completeness. Department accuracy Created: 8/13/2024 Amanda Swor dial: (512) 807-2904 aswor@drennergroup.com Ms. Lauren Middleton-Pratt Housing and Planning Department City of Austin 6310 Wilhelmina Delco Dr. Austin, TX 78752 July 26, 2024 Via Electronic Delivery Re: 1500 Faro Drive – Rezoning application for the approximately 18.583-acre piece of property located at 1500 Faro Drive in the City of Austin, Travis County, Texas (the “Property”). Dear Ms. Middleton-Pratt: As representatives of the owner of the Property, we respectfully submit the enclosed rezoning application package. The project is titled 1500 Faro Drive and is approximately 18.583 acres of land, located at 1500 Faro Drive. The Property also has frontage on East Riverside Drive and Crossing Place, and is in the full purpose jurisdiction of the City of Austin. The Property is currently zoned ERC, East Riverside Corridor, district, and is more specifically located in the Urban Residential (“UR”) subdistrict of the East Riverside Corridor (“ERC”) Regulating Plan. The requested rezoning is from the UR subdistrict to the Corridor Mixed Use (“CMU”), Corridor Mixed Use, subdistrict. The Property is currently developed with 248 affordable housing multifamily residential units. The purpose of the rezoning is to allow for the development of a higher density urban-style residential project that will replace the existing affordable housing and bring additional housing. The proposed development will comply with site development and design standards established in the ERC Regulating Plan. The existing 248 units on the Property are currently reserved as affordable to households earning up to 60% of the Annual Median Family Income (“MFI”). A minimum of 248 units are intended to be replaced in the new project as affordable at the same 60% MFI levels with the same number of bedrooms that exist today. The affordable unit replacement will be the first phase of the redevelopment with all affordable units being replaced before any new development takes place. Given the size of the site, this is possible with little disruption of existing tenants. 2705 Bee Cave Road Suite 100 | Austin, Texas 78746 | 512-807-2900 | www.drennergroup.com P a g e | 2 This rezoning also proposes to amend four (4) maps within the ERC Regulating Plan. Firstly, Figure 1-2 (East Riverside Corridor Subdistrict Map) is proposed to be amended to designate the Property as within the Corridor Mixed Use Subdistrict. Secondly, Figure 1-6 (East Riverside Corridor Hub Map) is proposed to be amended to include the Property within the Hub Boundary. Thirdly, Figure 1-7 (East Riverside Corridor Height Map) is proposed to be amended to allow for a by-right maximum of 60 feet in height on the Property. Lastly, Figure 1-8 (East Riverside Corridor Development Bonus Height Map) is proposed to be amended to allow for a maximum height of 160 feet with a development bonus on the Property. The Property is located within the East Riverside/Oltorf Combined Neighborhood Planning Area. The Neighborhood Plan was adopted November 16, 2006. The East Riverside Corridor Regulating Plan designates the Property as Specific Regulating District on the Future Land Use Map. Due to the Property’s location within the East Riverside Corridor Plan, a Neighborhood Plan Amendment is not required. The Property is located approximately 0.22-miles from the proposed Austin Phase I Faro Drive Light Rail Station. The Traffic Impact Analysis ("TIA") is not required per the attached TIA Determination Form dated July 22, 2024 and executed by Mustafa Wali as the traffic generated by the proposed development does not exceed the thresholds established in the Land Development Code. A public restrictive covenant, per City of Austin case number C14-72-204 and recorded in Volume 5234, Page 2079 of the Travis County Deed Records, exists on the Property which limits the density to 440 units, or 20 units per acre. A Restrictive Covenant Termination application will be submitted with this zoning application to remove the Property from the restrictive covenant in order to allow for the development of the proposed project. Please let me know if you or your team members require additional information or have any questions. Thank you for your time and attention to this project. Very Truly Yours, Amanda Swor cc: Joi Harden, Housing and Planning Department (via electronic delivery) 2705 Bee Cave Road, Suite 100 | Austin, Texas 78746 | 512-807-2900 | www.drennergroup.com 1500 Faro Drive 1500 Faro Drive 1500 Faro Drive Amanda Swor aswor@drennergroup.com 512-807-2904 Ms. Lauren Middleton-Pratt Housing and Planning Department City of Austin 6310 Wilhelmina Delco Dr. Austin, TX 78752 August 14, 2024 Via Electronic Delivery Re: 1500 Faro Drive RCA – Restrictive Covenant Amendment application package for the approximately 18.583-acre property located at 1500 Faro Drive in Austin, Travis County, Texas 78741 (the “Property”). Dear Ms. Middleton-Pratt: As representatives of the owners of the Property, we respectfully submit the enclosed Restrictive Covenant Amendment (RCA) application package. The project is titled 1500 Faro Dr - RCA, the Property is approximately 18.583-acre property located at 1500 Faro Drive in Austin, Travis County, Texas 78741. The Property has frontage on East Riverside Drive and Crossing Place and is in the full purpose jurisdiction of the City of Austin. This application accompanies a rezoning application for the Property titled 1500 Faro Drive, Case Number C14-2024-0120. The Property is a portion of that certain approximately 497 acres of land (the “Parent Tract”) described in Restrictive Covenant for Zoning File No. C14-72-204, dated as of January 31, 1975, and recorded in the Real Property Records of Travis County, Texas, on July 24, 1975, in Volume 5234, Page 2079 (the “Restrictive Covenant”). The terms of the Restrictive Covenant limit the density of the Property to 440 units, or 20 units per acre. The purpose of the RCA request is to release the Property from the Restrictive Covenant, as such restrictions do not promote the goals and priorities of providing housing along current and future transit lines and are no longer compatible with the proposed development of the Property. Previous amendments to the Restrictive Covenant to release portions of the Parent Tract from the Restrictive Covenant (ex: Doc. No. 2015032881 and Doc. No. 2019173724, which released 97 acres), or modify the terms of the Restrictive Covenant as applicable to only such portion of the Parent Tract (ex: Doc. No. 2002137171 and Doc. No. 2008069653), have been approved by the City to require only the agreement of the owner of said portion of the Parent Tract being modified or released. This request amends the Restrictive Covenant to release the Property and is authorized by the current owner of the property to be released from the Restrictive Covenant. Please let me know if you or your team members require additional information or have any questions. Thank you for your time and attention to this project. Very Truly Yours, Amanda Swor 2705 Bee Cave Road, Suite 100 | Austin, Texas 78746 | 512-807-2900 | www.drennergroup.com EXHIBIT D Restrictive Covenant to be AMENDED