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Residential development a step closer to reality
A proposed development that would bring more than 350 residential units to Bee Cave is closer to reality following a vote by City Council approving an amendment to the Morningside Development Agreement on Dec. 13.
The Morningside development project plans 316 attached residential units and 62 detached residential units on 35 acres of land, located off RR 620 between the Falconhead subdivision and Home Depot. Scott Morledge is president of Ash Creek Homes, the company developing the project along with Embrey Properties.
The amendment to the development project, in the works prior to Bee Cave becoming a city, was an attempt to marry a series of development rights made before the city’s existence and a comprehensive development plan ratified by the city in 2009, Morledge said.
All of the attached units, likely priced between $160,000 and $240,000, will be built at once. The detached units, likely priced between $240,000 and $300,000, will be built as they are bought, though all roads will be built with the attached units.
Morledge expects construction to start by the end of summer 2012 and for the main phase to be finished in two years. The council will need to review the final site plan before construction starts, Morledge said.