Two proposed subdivisions off Tyler Parkway were unanimously moved along by the town Planning and Zoning Commission Monday.
Highlands at the Rim, a development that will have 38 single family and 88 townhomes, was granted preliminary plat approval, and a zoning change was granted to the developers of The Enclave, a smaller 20-unit single family subdivision to the south.
The two developments will be located on a proposed extension of Tyler Parkway south of Highway 260.
Highlands at the Rim
Highlands will be built on a 20.17-acre site, with a density of 3.1 single family homes per acre and 7.9 townhomes per acre. Commission approval was made as long as the developer, Highlands at the Rim L.L.C., complies with 12 conditions, including construction of South Tyler Parkway from Highway 260 to the south side of the development, paying a share of the cost of a traffic signal that will be installed at the intersection of Highway 260 and Tyler Parkway, and submitting plans for a trail system in and around the development.
An additional six acres will eventually be developed as professional office and retail space, and 10 acres has been set aside for a possible resort and conference center.
Water needs will be met by dedicating two developer-owned wells providing a combined 135 gallons-per-minute to the town.
The first phase of the development, including roadways, model homes and pre-sold residences, is projected to begin this fall, Libby Leggett, manager of Palmer Architects, said.
Single family residences will be priced from under $200,000 to $300,000.
A recreational facility for property owners is planned as part of the commercial development.
The Enclave will be built on a 14.15-acre site south of the Highlands, at a density of 1.41 homes per acre. Just over five acres, or 35.6 percent of the land, has been dedicated for open space, well above the minimum 20 percent required under the zoning change.
Conditions for approving the two rezoning requests include either payment of appropriate water development fees by the developer, Payson R & O Investments L.L.C., or the provision of an adequate, verifiable water supply at the option of the town council.
Perry Overstreet, a partner in The Enclave development, said infrastructure work will begin as soon as Chaparral Pines completes work on South Tyler Parkway.
"It now looks like they will start on the road in early June," he said.
It has not yet been determined whether the developer will offer homes or homesites, but Overstreet said they are leaning toward the latter.
"Homesites would probably start in the $80,000-$90,000-range and go up depending on size and location," he said.