TIME FRAME
* Permits are approved for the accompanying flyer site plan but for design changes a three month period will be allotted.
* Ten months construction time frame construction / completion after construction and permit approval.
* Total estimated time frame for sell out of all condos and slips is approximately two years from start date.
TOPO
Please see accompanying file.
SURVEY
Please see accompanying file.
ENVIRONMENTAL HAZARDS
Flooding as it is next to the lake. Construction plans will build the condos above the flood plain.
UNIQUE ISSUES
* LCRA will allow excavating so more boat slips can be an option.
* The layout of the 15 acres will allow for views for every condo that is built.
* The topo to the edge of the lake is such that a beach can easily be created.
* Lake Travis is the cleanest lake in Texas.
EASEMENT ISSUES
Drainage and a road that could be abandoned on the Southeast side of the property.
ZONING ISSUES AND RELATED COSTS
No zoning issues. There is an alternative site plan being drawn up.
DEED RESTRICTIONS
Permits are already in place for 92 boat slips. Condos have been estimated at 91,000 sq. ft. with a possibility of the front entrance area being used for a small commercial development.
FRONTAGE
462.74 lf. of road frontage. Approximately 872.4 lf. of water front.
DEVELOPMENT DESTINY OF NEIGHBORING LAND
* Austin is the capital of the U.S. state of Texas and the seat of Travis County. Situated in Central Texas and part of the American Southwest, it is the fourth-largest city in Texas and the 16th-largest in the United States of America, as well as the 3rd fastest growing large city in the nation from 2000 to 2006.[5] As of the 2006 U.S. Census estimate, Austin has a population of 709,893.[2] The city is the cultural and economic center of the Austin–Round Rock metropolitan area with a population of more than 1.5 million people.
Austin was selected as the No. 2 Best Big City in "Best Places to Live" by Money magazine in 2006, and the "Greenest City in America" by MSN ("Greenest" referring to a commitment to sustainable living).
Residents of Austin are known as "Austinites," and include a mix of university professors, students, politicians, lobbyists, musicians, state employees, high-tech workers, blue-collar workers, and white-collar workers. The main campus of the University of Texas is located in Austin. The city is home to enough large sites of major technology corporations to have earned it the nickname "Silicon Hills." Austin's official slogan promotes the city as "The Live Music Capital of the World", a reference to its status as home to many musicians and music venues.[1] In recent years, many Austinites have also adopted the unofficial slogan "Keep Austin Weird"; this refers partly to the eclectic and progressive lifestyle of many Austin residents, but is also the slogan for a campaign to preserve smaller local businesses and resist excessive commercialization.
Contact Craig Ellmaker for more details at 512-784-1494 or craig@austin-cashflow.com |