The Development - Pecan Park | Bastrop

 The Development
Location:
Pecan Park Center and River’s Bend at Pecan Park is located on the south side of SH-71 West within the
city limits of Bastrop; approximately 30 miles east of downtown Austin and 20 minutes east of AustinBergstrom International Airport.
Pecan Park Center
Pecan Park Center consists of approximately 67.42 acres is zoned “C-1 Commercial District (Light)”, a
1.89 acre site also zoned “C-1”, and a 12.86 acre strip (zoned “SF-7”) down to the Colorado River, which
will provide site drainage for the commercial areas to the Colorado River. Those zonings are intended
predominately for heavy retail, light intensity wholesale and commercial uses of a service nature which
typically have operating characteristics and traffic service requirements generally compatible with typical
office, retail, shopping, and some residential environments.
River’s Bend:
The River’s Bend residential area is currently zoned for residential development.
The property currently has approximately 191.7 acres zoned Single Family “SF-7” (except for the 100’
LCRA Easement located below Sections 4 & 5, which is zoned “AOS” Agricultural/Open Space), 11.2
acres (Section 4) zoned Mult-Family,“MF-2” and 26.25 acres (Section 5) zoned “PD” Planned
Development.
Property Access:
State Highway 71 has been upgraded and expanded from a four-lane divided highway to a four-lane
freeway with frontage roads. The east and west access ramps to the highway are very convenient and
well positioned for the property. Similarly, the on-ramp for west-bound traffic is close-by and very
accessible.
The first phase of Orchard Parkway Boulevard, the primary entry road into the Development is currently
under construction. Schaefer Boulevard will provide additional access into the northeastern portion of the
commercial area.
Childer’s Street will provide the primary access to the first areas developed in River’s Bend. The
Childers/Highway 150 off-ramp for east-bound traffic is strategically located and the Highway 71 service
road and Childers is a traffic-lighted intersection. Recently, older retail businesses have been demolished
along Childers; making way for new retail development and greatly benefiting the entryway into the
development. Additional roadway access points for both areas include Agnes and Perkins Streets and
Hasler Bouldevard.
Property History:
DM Pecan Park Associates, Ltd. is the current owner of record. The tracts were purchased on November
22, 2004. 242.006 acres were conveyed from Francis Buckhaults per Volume 1482 Page 70 of the
Bastrop Deed Records. 69.296 acres was part of a larger tract conveyed from Francis Buckhaults, Vannie
Schaefer, Julie Rabensburg, and Lynn Qualline per Volume 1482, Page 70 of the Bastrop County Deed
Records.
All information regarding this property is from sources deemed reliable; however, DM Pecan Park Associates, Ltd. (“DM Pecan Park”) has not made an independent investigation of these sources. No warranty or
representation is made by DM Pecan Park as to the accuracy of the information and same is submitted subject to errors, omissions and uncertainties, including without limitation, change of price, unknown property
conditions, governmental regulations, rental or other conditions, prior sale, lease or withdrawal from the market without notice. Certain information set forth herein may contain forward-looking statements and, as
such, you should not rely on such statements. This information contained herein remains subject to further updating, revision and amendment without notice. Nothing herein shall constitute an offer and, as such,
DM Pecan Park shall not be bound or obligated by any terms and conditions until such time as a final agreement is executed and delivered by all parties thereto, and then only to the extent set forth therein.
The Development
Area Activity:
The commercial component of Pecan Park has had recent groundbreaking by a large Southside Market
restaurant. The first phase of Orchard Parkway Boulevard is now under construction. River’s Bend is
located adjacent to a Super Wal-Mart-anchored retail center. Other nearby retail includes an
H.E.B.anchored center, Taco Cabano, Home Depot, Starbucks, Ross, Staples, Petco, Walgreen’s, Lowe’s,
Best Buy, Specs, Buck-ee’s, Sears and several hotels. Recent ground-breaking has also occurred for
Academy and a large Chick-Filet restaurant.
Traffic Counts:
ADT Annual Daily Traffic Counts on SH 71 along this area have been reported to be 45-48,000 according
to the 2012 TXDOT traffic study. Recent traffic counts have been reported to be in excess of 50,000.
Jurisdiction:
Pecan Park is located within the City of Bastrop city limits.
Entitlements:
Because the land constitutes a significant development area, the Landowner and City have successfully
negotiated a Memorandum of Understanding (MOU) for the entire area, unanimously approved by the
City Council on November 12, 2013. The Agreement will help provide additional clarity and address
long term issues such as roadways, signage, water and wastewater commitments, drainage improvements,
and variances that Developer may desire. Incorporated within that Agreement is the elimination of the
requirement for on-site detention within the commercial areas. Elimination of that requirement will be
extremely beneficial to the commercial areas and should add significant value to the property.
Utilities:
Water and wastewater is available to the site and provided by the City of Bastrop. Natural gas is available
to the site and provided by CenterPoint Energy. Electricity is available to the site and is provided by the
Bluebonnet Electric Cooperative.
Environmental:
A Phase 1 Environmental Site Assessment was prepared by Hill Country Environmental, Inc. in August
of 2004. That report stated that there are no endangered species or wetlands or other sensitive
environmental features identified on the property. Additionally, no cultural resources were observed on
the property.
Flood Plain
In February, 2005 Matkin-Hoover Engineering, documented and prepared reports
Modification:
for a “Request for CLOMR”. Their study resulted in an approval of that request. A copy of their reports
is included in this package.
Drainage:
The Drainage Technical Memorandum prepared by Espey Consultants, dated February 22, 2010 is
provided. The intent of that Memorandum was to demonstrate that development of the Pecan Park
property does not adversely impact the regulatory floodplain of the Colorado River.
Topography:
The property is flat to gently sloping.
All information regarding this property is from sources deemed reliable; however, DM Pecan Park Associates, Ltd. (“DM Pecan Park”) has not made an independent investigation of these sources. No warranty or
representation is made by DM Pecan Park as to the accuracy of the information and same is submitted subject to errors, omissions and uncertainties, including without limitation, change of price, unknown property
conditions, governmental regulations, rental or other conditions, prior sale, lease or withdrawal from the market without notice. Certain information set forth herein may contain forward-looking statements and, as
such, you should not rely on such statements. This information contained herein remains subject to further updating, revision and amendment without notice. Nothing herein shall constitute an offer and, as such,
DM Pecan Park shall not be bound or obligated by any terms and conditions until such time as a final agreement is executed and delivered by all parties thereto, and then only to the extent set forth therein.
Bastrop City Information
Distances
Demographic Information
Population - 2000
Population - 2009
Population Estimate - 2014
Growth Since 2000 Census
Projected Growth 2009 - 2014
Number of Households - 2009
Average Household Income - 2009
City Retail Sales Tax
County Retail Sales Tax
State Retail Sales Tax
Property Taxes
City
County
School (2010)
County Road
$0.5840 / $100
$0.5155 / $100
$1.4610 / $100
$0.1135 / $100
$2.6674 / $100
Downtown Bastrop
Financial Institutions
Medical Facilities
HEB Grocery
Post Office
Walmart
Home Depot/Lowe’s/McCoy’s
Best Buy/Sears/Specs/Beall’s/Petco
Walgreen’s/CVS Pharmacy
Restaurants/Fast Food
Austin-Bergstrom Int’l Airport
Downtown Austin
Formula One Facilities
Green Corp Center/Centex Airport
Hyatt Lost Pines Resort
2.0 miles
1.0 mile
1.5 miles
1.5 miles
2.0 miles
3 blocks
2.0 miles
2.0 miles
1.0 miles
1.0 miles
22.0 miles
30.0 miles
20 miles
10 miles
9 miles
Bastrop Independent School District
Utility Providers
Water
Wastewater
Garbage
Electricity
Telephone
129,620
164,870
186,110
29.9%
12.9%
55,008
$62,198
1.50%
0.50%
6.25%
City of Bastrop
City of Bastrop
City of Bastrop
Bluebonnet Electric
AT&T
The district boundary covers an area of approximately
433 square miles. 2010 staff included 607 teachers,
115 professional staff, 489 in Administration and
other additional staff.
All information regarding this property is from sources deemed reliable; however, DM Pecan Park Associates, Ltd. (“DM Pecan Park”) has not made an independent investigation of these sources. No warranty or
representation is made by DM Pecan Park as to the accuracy of the information and same is submitted subject to errors, omissions and uncertainties, including without limitation, change of price, unknown property
conditions, governmental regulations, rental or other conditions, prior sale, lease or withdrawal from the market without notice. Certain information set forth herein may contain forward-looking statements and, as
such, you should not rely on such statements. This information contained herein remains subject to further updating, revision and amendment without notice. Nothing herein shall constitute an offer and, as such,
DM Pecan Park shall not be bound or obligated by any terms and conditions until such time as a final agreement is executed and delivered by all parties thereto, and then only to the extent set forth therein.
Pecan Park Area Map
Property Info and Site Plan
Pecan Park Mixed Use Development: Residential Property Information
Pecan Park offers builders a unique opportunity to build in one of the fastest growing areas of the Austin area. The property offers
easy access to SH 71, a direct path to Downtown Bastrop, and includes numerous greenbelts, parks, a neighborhood trail system,
an Amenity Center and 3/4 of a mile of Colorado River frontage.
Property Information
• 205+/- acres of residential property just off Highway 72, zoned
SF-2 (60'/70' lots) Sections 1-3, 6-7
• 11.2 +/- acres of MF-2 Zoning in Section 4
• Adjacent to the 69 acres of Pecan Park retail/commercial space.
• 3/4 Mile of riverfront property on the Colorado River
• Direct access to historic downtown Bastrop via Childers
• Easy access to area retail shopping facilities
Major Area Employers
Wal-Mart
Austin/Bergstrom Airport
Hyatt Lost Pines
UT Science Parks
HEB
Formula 1 Track
Bastrop County & ISD
BioCrest/Stratagene
Major Retailers Include
Lowe’s, Home Depot, Best Buy, Petco, McCoy’s,
Spec’s, CVS, Walgreens, Beall's, Ross, Staples, Academy
All information regarding this property is from sources deemed reliable; however, DM Pecan Park Associates, Ltd. (“DM Pecan Park”) has not made an independent investigation of these sources. No warranty or
representation is made by DM Pecan Park as to the accuracy of the information and same is submitted subject to errors, omissions and uncertainties, including without limitation, change of price, unknown property
conditions, governmental regulations, rental or other conditions, prior sale, lease or withdrawal from the market without notice. Certain information set forth herein may contain forward-looking statements and, as
such, you should not rely on such statements. This information contained herein remains subject to further updating, revision and amendment without notice. Nothing herein shall constitute an offer and, as such,
DM Pecan Park shall not be bound or obligated by any terms and conditions until such time as a final agreement is executed and delivered by all parties thereto, and then only to the extent set forth therein.
Commercial Lotting Plan
All information regarding this property is from sources deemed reliable; however, DM Pecan Park Associates, Ltd. (“DM Pecan Park”) has not made an independent investigation of these sources. No warranty or
representation is made by DM Pecan Park as to the accuracy of the information and same is submitted subject to errors, omissions and uncertainties, including without limitation, change of price, unknown property
conditions, governmental regulations, rental or other conditions, prior sale, lease or withdrawal from the market without notice. Certain information set forth herein may contain forward-looking statements and, as
such, you should not rely on such statements. This information contained herein remains subject to further updating, revision and amendment without notice. Nothing herein shall constitute an offer and, as such,
DM Pecan Park shall not be bound or obligated by any terms and conditions until such time as a final agreement is executed and delivered by all parties thereto, and then only to the extent set forth therein.
River’s Bend at Pecan Park – Sec 5
River’s Bend at Pecan Park - Section 5 - Initial Lot Offering
Total Lots Available
91 (Appx.)
Typical Lot Size
65’ x 120’
Average Lot Price
$41,900
Subdivision Restrictions
Currently Being Developed
General Home Design Criteria Minimum 1,200 square feet, 75% masonry, Hardiplank siding, 3-tab composition shingle roof,
2-car garages. Fenced rear yards. Front and side (to fence) front yard irrigation systems
required. All plans and exterior selections must be pre-approved by the subdivision’s
Architectural Design Committee.
Deposit
Amount determined by number of lots contracted
All information regarding this property is from sources deemed reliable; however, DM Pecan Park Associates, Ltd. (“DM Pecan Park”) has not made an independent investigation of these sources. No warranty or
representation is made by DM Pecan Park as to the accuracy of the information and same is submitted subject to errors, omissions and uncertainties, including without limitation, change of price, unknown property
conditions, governmental regulations, rental or other conditions, prior sale, lease or withdrawal from the market without notice. Certain information set forth herein may contain forward-looking statements and, as
such, you should not rely on such statements. This information contained herein remains subject to further updating, revision and amendment without notice. Nothing herein shall constitute an offer and, as such,
DM Pecan Park shall not be bound or obligated by any terms and conditions until such time as a final agreement is executed and delivered by all parties thereto, and then only to the extent set forth therein.
River’s Bend at Pecan Park - Sec 1
Pecan Park River’s Bend Section 1
Total Lots Available
64 (Appx.)
Typical Lot Size
60’ x 120’
Average Lot Price
$TBD
Subdivision Restrictions
Currently Being Developed
General Home Design Criteria Minimum 1,200 square feet, 75% masonry, Hardiplank siding, 3-tab composition shingle roof,
2-car garages. Fenced rear yards. Front and side (to fence) front yard irrigation systems
required. All plans and exterior selections must be pre-approved by the subdivision’s
Architectural Design Committee.
Required Builder Commitment
Deposit
Amount determined by number of lots contracted
Initial Lot Takedown
4 lots must be taken down within 30 days of development completion; home construction must
begin within 3 months of closing. Takedown schedule based on two-builder program.
Lot Takedown
Going forward, within 3-months of initial takedown, Builder will be required to take down a
minimum of 4 lots. Thereafter takedown will be 5 lots per quarter.
All information regarding this property is from sources deemed reliable; however, DM Pecan Park Associates, Ltd. (“DM Pecan Park”) has not made an independent investigation of these sources. No warranty or
representation is made by DM Pecan Park as to the accuracy of the information and same is submitted subject to errors, omissions and uncertainties, including without limitation, change of price, unknown property
conditions, governmental regulations, rental or other conditions, prior sale, lease or withdrawal from the market without notice. Certain information set forth herein may contain forward-looking statements and, as
such, you should not rely on such statements. This information contained herein remains subject to further updating, revision and amendment without notice. Nothing herein shall constitute an offer and, as such,
DM Pecan Park shall not be bound or obligated by any terms and conditions until such time as a final agreement is executed and delivered by all parties thereto, and then only to the extent set forth therein.
Multi-Family Conceptual Design – Sec 4
Pecan
Park Mixed Use Development: Multi-Family Property Information
Pecan Park offers builders a unique opportunity to build in one of the fastest growing areas of the Austin area. The property offers easy access
to SH 71, a direct path to Downtown Bastrop, and includes numerous greenbelts, parks, a neighborhood trail system, an Amenity Center and
3/4 of a mile of Colorado River frontage.
Property Information
• 205+/- acres of residential property just off Highway 72, zoned
SF-2 (60'/70' lots) Sections 1-3, 6-7
• 11.2 +/- acres of MF-2 Zoning in Section 4
• Adjacent to the 69 acres of Pecan Park retail/commercial space.
• 3/4 Mile of riverfront property on the Colorado River
• Direct access to historic downtown Bastrop via Childers
• Easy access to area retail shopping facilities
Major Area Employers
Wal-Mart
Austin/Bergstrom Airport
Hyatt Lost Pines
UT Science Parks
HEB
Formula 1 Track
Bastrop County & ISD
BioCrest/Stratagene
Major Retailers Include
Lowe’s, Home Depot, Best Buy, Petco, McCoy’s,
Spec’s, CVS, Walgreens, Beall's, Ross, Staples, Academy
All information regarding this property is from sources deemed reliable; however, DM Pecan Park Associates, Ltd. (“DM Pecan Park”) has not made an independent investigation of these sources. No warranty or
representation is made by DM Pecan Park as to the accuracy of the information and same is submitted subject to errors, omissions and uncertainties, including without limitation, change of price, unknown property
conditions, governmental regulations, rental or other conditions, prior sale, lease or withdrawal from the market without notice. Certain information set forth herein may contain forward-looking statements and, as
such, you should not rely on such statements. This information contained herein remains subject to further updating, revision and amendment without notice. Nothing herein shall constitute an offer and, as such, DM
Pecan Park shall not be bound or obligated by any terms and conditions until such time as a final agreement is executed and delivered by all parties thereto, and then only to the extent set forth therein.
New Construction Information
Before beginning construction Builder will need to visit each of these offices
and pay any applicable fees before setting up appropriate service deposits
•
Planning & Zoning Department: 1311 Chestnut Street, Bastrop, Texas. (512) 332-8840
This department is responsible for inspections, issuing permits and answering question related to zoning, city codes and a variety of
other issues. http://www.cityofbastrop.org/departments/planning/index.html
•
Water & Wastewater Department: 300 Water Street, Bastrop, Texas. (512) 332-8840
This department will assist with all tap, impact, acceleration fees and service information.
http://www.cityofbastrop.org/departments/water_wasterwater/contact_us.html
•
Bluebonnet Electric: 650 Hwy. 21 East, Bastrop, Texas. (800) 842-7708
Bluebonnet can assist with information concerning electric service. http://www.bluebonnetelectric.coop/newservice.aspx
CITY OF BASTROP RESIDENTIAL PERMIT FEES
$ 100,001 to $500,000
$ 460.00 for the first $100,000 plus $3.00 for each additional thousand or fraction thereof
CITY OF BASTROP INSURANCE AND OTHER REQUIREMENTS
Insurance requirements and other useful information are addressed in the City’s Development Manual. That information is provided in the
Bastrop Code of Ordinances maintained by Franklin Legal Publishing and available on the City’s web site at:
http://z2.franklinlegal.net/bastrop-flp/
CITY OF BASTROP – WATER SERVICE CHARGES
Meter Size
3/4”
1”
Cost
$ 300
$ 400
Min. Charge*
$ 19.89
$ 33.81
* Plus charge for consumption per 1,000 gallons:
0 – 3,000 gallons
$2.04
3,001 – 5,000 gallons
$2.18
CITY OF BASTROP - WASTEWATER SERVICE CHARGES
Min. Charge*
$ 19.34
* Plus charge for consumption per 1,000 gallons:
0 – 5,000 gallons
$1.75
5,001 – 10,000 gallons
$1.98
CITY OF BASTROP - IMPACT FEES AND OTHER UTILITY REIMBURSEMENTS
No new development within any services areas shall be connected to the City’s water or wastewater system without payment of an impact
fee per the City of Bastrop Code Ordinance Chapter 10: Section 10.02.003 (adopted 8/9/11). Current City fees are a total of $3,979.19.
(water, $1,871.87, wastewater $2,107.31) SU Multipliers apply only to SIMPLE and COMPOUND Meters.
Meter Size
5/8” – 3/4”
3/4”
1”
GPM
10
15
25
SU Multiplier
1
1
2.5
Meters Required
______
______
______
Builder will also agree to reimburse Seller for capital costs associated with water and sewer services to the Lot in an amount equal to
$2,750 per Lot (the “Utility Reimbursement”) at Closing. Builder will be responsible for obtaining all federal, state, and local permits
required with respect to Builder’s construction upon the Lot, at Builder’s sole cost.