About the Colony Park Sustainable Community
The Colony Park Sustainable Community Initiative began in 2012 as a three-year master planning process supported through a $3 million U.S. Department of Housing and Urban Development Sustainable Communities Challenge Grant. Through this process, the City engaged hundreds of community stakeholders through community meetings, workshops, and family-focused events to create a community vision for the project. This vision is captured in the Colony Park Master Plan and Design Guidelines, which includes priorities that will guide the development of the 208 acre City-owned site.
The Austin City Council adopted the Colony Park Master Plan and Planned Unit Development (PUD) zoning district in December 2014. Following the Master Plan and PUD adoption, the City of Austin worked with the community to secure a master developer partner for the Colony Park Sustainable Community. The City of Austin signed an Exclusive Negotiating Agreement with Catellus Development Corporation (Catellus) for the project in May 2020. Together, along with the community, the City and Catellus are working to create a Master Development Agreement that will set the stage for realizing the community’s vision in the Colony Park Sustainable Community Master Plan.
Description
What’s New
Council authorizes Phase 2 predevelopment services for Colony Park Sustainable Community
At the November 3, 2022 City Council meeting, the Economic Development Department was authorized to amend the Exclusive Negotiating Agreement with Catellus Development Corporation for the Colony Park Sustainable Community. Council’s authorization provides $2,600,000 in funding for Phase 2 predevelopment services and allows the parties to continue negotiations towards the execution of the Master Development Agreement. A legal services agreement was also approved related to real estate documents necessary for negotiations.
Council authorizes creation of Tax Increment Reinvestment Zone for Colony Park Sustainable Community
At the November 3, 2022 City Council meeting, Council also approved held a public hearing and approved an ordinance authorizing the creation of Tax Increment Reinvestment Zone (TIRZ) No. 20 for the Colony Park Sustainable Community as a key component of the funding strategy. A TIRZ is a financing tool enabled by Texas Tax Code to encourage economic development within a defined geographic area or zone. A TIRZ for Colony Park would provide a means of financing the costs of public works, public improvements, programs, and other projects benefiting the zone.
Council affirms the Colony Park Sustainable Community is a top priority.
On March 24, 2022, Council passed a resolution affirming the Colony Park Sustainable Community is a top priority and provided direction regarding funding, development, and cooperation with other entities related to the project. The approved resolution directed the City Manager to, using all resources that may be necessary, bring forth the finalized Master Development Agreement and the public finance plan and funding strategy recommendations to Council for consideration no later than end of the 2022 calendar year. The resolution further directs the City Manager to submit a formal request for Travis County and Austin Transit Partnership to participate in the Colony Park Tax Increment Reinvestment Zone (TIRZ). KXAN featured the news on their website and during their morning broadcast.
U.S. Representative Lloyd Doggett selects Colony Park Health and Wellness Center for Community Project Funding
U.S. Representative Doggett included City of Austin projects among ten projects the congressman advanced as part of his office’s Community Project Funding Requests and President Biden signed the FY2022 Omnibus Appropriations Bill into law on March 15, 2022. The Colony Park Sustainable Community Health and Wellness Center infrastructure project will be the beneficiary of $1 million dollars in earmark funding. The City of Austin will use the federal funding to develop the water, wastewater, and stormwater infrastructure needed to fulfill the City's responsibilities to provide the utilities on the parcel of land before it is conveyed to Central Health for its development of the Colony Park Health & Wellness Center. The infrastructure developed for the Health & Wellness Center will serve current residents of Colony Park and serve as the catalyst to fully develop and complete the remainder of the Colony Park Sustainable Community.
City and Central Health sign Purchase and Sale Agreement for first parcel in the Colony Park Sustainable Community
On January 4, 2022, the City of Austin and Central Health executed a Purchase and Sale Agreement (PSA) for 2.28 acres of land in the Colony Park Sustainable Community. The PSA allows Central Health to acquire land suitable for the design and construction of a Health and Wellness Center. On January 31, 2022, the City and Central Health executed the Interlocal Agreement (ILA). The ILA authorizes Central Health to reimburse the city to fund their proportionate share of the design and construction of the required public infrastructure. The ILA also authorizes Austin Public Health (APH) and Austin Public Library (APL) to reimburse Central Health for services provided by their Architecture and Engineering Consultants for preliminary design and cost estimating services necessary to establish long term lease terms for consideration. An Overview Presentation and the Purchase and Sale Agreement are available for download. KXAN featured the news on their website.
City Enters into Exclusive Negotiations with Catellus Development Corp.
The Economic Development Department signed an Exclusive Negotiating Agreement with Catellus Development Corporation (Catellus) for the Colony Park Sustainable Community project on May 12, 2020. When complete, the project is expected to feature a mix of housing types, retail and office space, a transit center, and an innovation district. The Colony Park Sustainable Community will be the largest redevelopment of city-owned land since the Mueller project.
The Exclusive Negotiation Agreement ends the solicitation process and anti-lobbying/no contact requirements between the Economic Development Department, Catellus, and community partners. It also establishes a two-year time frame for the City and Catellus to perform due diligence and negotiate a Master Development Agreement for the Colony Park Sustainable Community project.
Nearby City Initiatives
Colony Park Loop Drive: The City of Austin is conducting preliminary and design-phase work to connect two existing Colony Loop Drive sections as part of the 2016 Mobility Bond Program. Ultimately, improvements would create a continuous connection between Loyola Lane and Decker Lane through the Colony Park Sustainable Community project site and existing adjacent neighborhoods. The project will also provide critical connectivity for residents and visitors of the Colony Park/Lakeside Neighborhood to access Volma Overton Elementary, Turner-Roberts Recreation Center, and Colony Park District Park. In September 2020, over 2,500 residents in the area received a newsletter regarding updates on the project. Read the Colony Loop Drive newsletter.
This project is a partnership between the Economic Development Department and Corridor Mobility Program Office in support of the Colony Park Sustainable Community vision.
Colony Loop Drive Virtual Public Meeting
The Austin Economic Development Department and Corridor Mobility Program held a virtual Public Meeting on Thursday, December 3, 2020 to discuss design updates and next steps to the Colony Loop Drive project. Prior to the meeting, a detailed letter (link to PDF) was sent to residents living near Colony Loop Drive by the Austin Transportation Department.
If you missed our meeting, please see information below:
Quick Colony Loop Drive Project FAQs
Q: Will we see the project design before it goes for permit?
A: Yes, the 90% will be presented to the community before permitting is final. This should occur in early summer 2021.
Q: When will the project be constructed?
A: At this time there is not a funding source identified for construction of the project. It is a high priority for the City of Austin to identify construction funds within the next 3 years. The community will be updated as soon as the project is funded.