Capital Metro Board Approves Plaza Saltillo Development Agreement
March 22, 2016 | Tags:
Yesterday the Capital Metro board of directors approved the master development agreement between the transit authority and the Endeavor/Columbus team to develop the 10-acre Plaza Saltillo District into one of Central Texas’ premier transit oriented developments, a mixed-use, mixed-mobility community in East Austin.
The relocation of the tracks has already begun along the six consecutive blocks that make up the development site. The rail tracks are being relocated from the middle of the site to the south side along Fourth Street. In the meantime, the Endeavor/Columbus team is finalizing designs and pursuing the development process with the City of Austin in anticipation of an early 2017 construction start.
The Plaza Saltillo District will include approximately:
- 800 apartments, of which at least 15 percent will be deeply affordable to households who earn up to an average of 50 percent of Austin’s median family income with specific units set aside for affordable senior housing
- 110,000 square feet of retail space
- 120,000 square feet of office space
- At least 2.25 acres of public and private open space
- An estimated 1,700 people who will live and/or work at the Plaza Saltillo District
The community will also feature a variety of new and expanding transit and mobility options:
- MetroRail and MetroBus service, which should not be disrupted during construction
- An extension of the Lance Armstrong Bikeway from I-35 at Fourth Street to Plaza Saltillo
- Pedestrian-only paseos that will allow neighbors from the north and south to conveniently pass through the property
- Expanded B-Cycle Bike Share Program station(s)
- Reserved Car2Go parking spaces
- Parking mainly in below/above-ground facilities
- An extension of San Marcos Street through the project
This transit oriented development in the heart of East Austin will provide important revenue and ridership to our overall operations while meeting important social goals for the surrounding community. I want to thank everyone from Capital Metro, the development team and especially the community who so passionately and thoughtfully gave their time and expertise to get us to this moment when we can begin transferring ideas and sketches from paper onto the site itself.
Capital Metro Board Member Terry Mitchell said, “This is an important milestone in the long history of redeveloping Plaza Saltillo. The community has shared excellent input about Plaza Saltillo over the past two decades that has helped shape the overall vision for the project. We’re incredibly pleased to complete this step in the process, and we look forward to continuing our work with the Endeavor/Columbus team to create a community that they, Capital Metro and the community will all be proud of.”
In addition to years of community outreach that has shaped the Plaza Saltillo District plan, Capital Metro and the Endeavor/Columbus team have been working for the past several months to identify and resolve key worker protection issues. The resulting master development agreement includes worker protections such as strong on-site, third-party, independent monitoring; enhanced insurance and safety provisions; and the current living wage of $13.03/hour, established by the City of Austin. This is unprecedented for a public-private project in Austin that is receiving no incentives from the city.
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