FREQUENTLY ASKED QUESTIONS

ENVISION SOMETHING FOR EVERYONE

We understand there's a lot at stake for Leander, and appreciate the opportunity to answer Frequently Asked Questions.

Can Leander support a project of this size?

Yes. Leander is one of the fastest growing cities in the nation, and that growth is expected to continue for many years. District 2243 will be built over 10-to-15 years. This is a long-term project designed to meet Leander’s long-term needs − and help attract employers along the way.

Will District 2243 be mostly residential?

No. Approximately 75 percent of the project’s 290 acres is planned for non-residential development. The project includes proportionally fewer apartments compared to many similar mixed-use projects in Central Texas including Northline (in Leander) and The Domain (in Northcentral Austin). Click here to learn more.

Will multifamily development come first?

District 2243 will be built in six, balanced phases over 10-15 years with specific multifamily caps limiting the amount of housing that can be built until the commercial development target for each phase is achieved. This ensures multifamily won't leapfrog other product types. No other developer of a large mixed-use project in Leander has agreed to provide these protections without massive City financial incentives.

Does Leander need more multi-family?

Yes. Employers are most often attracted to mixed-use developments and successful ones require a diversity of product type, including housing, in close proximity to commercial development. Additionally, multi-family housing will be built in phases over 10-15 years and demand for this type of housing in Leander will continue to grow along with the area’s population and employment base.

How will District 2243 impact Leander ISD?

It adds tremendous value to the tax base with minimal impact on enrollment. That’s because most of the residential development envisioned in District 2243 is multi-family, including senior living. This type of housing typically attracts people without children (such as childless couples, single people and empty nesters) with far fewer enrollments in local schools compared to residents of single-family developments. Once fully built the project is expected to generate $29 million annually in taxes for Leander ISD.

How will District 2243 impact City finances?

District 2243 offers a substantial financial win for the City of Leander. The property owner is not asking for financial incentives with this zoning request for the $2 billion project, which is expected to generate $11 million in taxes for the City at full buildout.

AN IDEAL WAY TO GROW

District 2243 offers Leander a carefully constructed plan that ensures the site will evolve in a manner that reflects community wishes as expressed in the Leander Comprehensive Plan.

© 2020 JNK Properties.

CONTACT US

Thanks for submitting!