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Austin: Local Developer Wants 256-Unit Apartment Complex, Neighbors Ask for Smaller Project

Featured Photo: Aerial view of the proposed site for the FPT apartments in the southwest portion on the city. Image: Google Earth/VBX graphic.

Posted 1-8-2021

by Art Benavidez

Austin (Travis County) — An Austin developer was granted more time to make his case for a multifamily rezoning request at the Austin Zoning and Platting Commission’s January 5 meeting. 

The developer is seeking to rezone the property from development reserve to MF-5, a multifamily high density zoning that allows up to 54 units per acre and structure heights of up to 60 feet. The intention is to construct an apartment complex with 256 units.

However, the staff is recommending MF-3, a multifamily medium density level of up to 36 units per acre and a height cap of 40 feet.

Nearby residents opposed the MF-5 request and according to staff, the applicant requested a postponement to the Jan. 19 meeting “to try to meet with representatives of the two interested neighborhood associations to identify any concerns and consider ways to address same.”

Inayat Fidai, the developer, created a special purpose entity, FPT Holdings LLC, to control the real estate’s future development. Fidai is president of ZIF Holdings Inc. an investment and real estate development firm.

The project, FPT Apartments, would be located on 5.2 acres in the southwest side, currently an agricultural tract at 1434 Genoa Drive. It’s to the west of Bilbrook Place, is encircled by trees and brush and is encumbered with a 100-foot-wide drainage easement along the west section.

There’s a traffic signal at the Bilbrook Place intersection with West Slaughter Lane, the northern boundary.

Commission staff is recommending the multifamily medium density because the site has access to two level one streets, and would be a compatible buffer for the adjacent single family residential subdivision to the south.

The commission staff concluded that direct access to West Slaughter Lane from this site is not possible because of the bridge structure that passes over the railroad tracks. Access from the property will have to be from Genoa Drive.

The maximum height allowed by the medium density zoning for a building is 40 feet. 

Within the Slaughter Creek watershed, the maximum impervious cover allowed by the medium density zoning district is 65% versus 70% with MF-5.

The property has been zoned development reserve district since being annexed by the city in 1984.

The owners of the property are listed as the Austin based siblings of David Malone, Molly Denham and Jimmye Malone.

VBX Project ID: 2021-0250


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By |2021-01-08T13:11:31-06:00January 8th, 2021|Construction Preview, Feature Story|

About the Author:

Art Benavidez (Construction News Reporter, Central Texas) is a seasoned journalist with over 15-years of experience in writing breaking news and in-depth features at the local level. He honed his research and reporting skills in newspapers and magazines throughout South and West Texas along with expertise in crafting digital content as Managing Editor of New Image Marketing Research Corporation. Benevidez is a Texas native and graduate of UT-RGV.

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