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December 11, 2023
150-Acre Land Use Change to Mixed-Use TOD | Approved
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Land Use Changes to Mixed-Use TOD
North Corinth | 150 Acres to Mixed-use | Approved
The item involves changing the land use designation of around 150 acres near North Corinth St, Shady Shores Rd, and I-35E from Mixed Residential, Office/Employment, and Retail/Commercial to Mixed Use - Transit Oriented Development (TOD).
Reasons for Change:
To facilitate development of a vibrant, walkable downtown area and expand the boundaries of the emerging downtown district.
Create critical mass of density needed to support successful retail, dining, entertainment uses in downtown.
Allow more small business opportunities with increased retail spaces.
Respond to continued demand for higher density housing types in the region.
Specific Areas Impacted:
East side of North Corinth St near Shady Shores Rd.
West side along Pinell Square south to Corinth Pkwy.
High visibility sites along I-35E.
Opportunities Created:
Allows higher density mixed-use zoning up to 50 DU/acre.
Encourages creative vertical mixed-use development vs current lower intensity uses.
Enables specific sites to redevelop to "highest and best use" to support downtown.
Expands inventory of potential downtown sites for development.
Incentives:
Land use change signals city desire to incentivize this downtown development type.
Likely to qualify for city incentives (zoning allowances, partnerships, infrastructure, etc).
Priority processing for aligned development proposals.
‟It actually creates different avenues and opportunities for greater development that actually multiplies the development possibilities and and maximizes the available land.
Staff Report: CPA23-0002
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