Marble Falls: City Agrees to Development Agreement on Multi-Use Project
Feature Photo: Aerial view of the proposed Roper Ranch development, a 661-acre, multi-use development located near the intersection of US Highway 281 and East FM 2147. Image: Google Earth/VBX graphic.
by Art Benavidez
Marble Falls (Burnet County) — City Council signed a multi-use development agreement with a Bee Cave developer and a property owner at their meeting last week.
The agreement with the developer, Ranch LLC, and the landowner, Ellison Roper Land Corp., provides terms for Roper Ranch, a 661-acre proposed development generally located to the southeast of the intersection of US Highway 281 and East FM 2147.
In exchange for the prospective creation of a public improvement district, the developer and landowner agree to provide $35 million in improvements. These would include $1.5 million the city may use to design and construct a 20.85-acre sports complex with recreational fields, facilities and associated infrastructure; as many as five groundwater wells if suitable well production sites are found; a 700,000 gallon water storage tank; roughly 160 acres of land to be reserved for a civic and municipal site, a public school, the sports complex, a fire station, the water tank, and open green spaces with at least one amenity center.
The development team will also pay the city more than $3.85 million in increments as fees in lieu for wastewater effluent increments. The developer/owner group is assured 3,477 land unit equivalents in water and wastewater.
Development highlights of Roper Ranch include:
1,072 single-family residential lots
a 250-unit multifamily complex
142.47 acres for commercial use
a 120-unit hotel
42.50 acres of light industrial/commercial mixed-use development
a 200-unit recreational vehicle resort site
Marble Falls based K.C. Engineering, Inc. provided site plans that describe a seven-phase process on 18 parcels of land lettered alphabetically.
The project schedule anticipates a closing date on the land by the developer of Dec. 28, 2020. The public improvement district bond offering to finance these improvements took place in the spring of 2020 and the PID bond closing will be in April 2021.
Phase I would consist of a road on Parcel N (13.30 acres) and a minimum 700,000 gallon water tank on Parcel X (1.12 acres) with an approximate completion date in 2021-2022.
Phase II would consist of a multi-family complex on Parcel R (28.47 acres), single family homes on Parcels V (1) and (2) (45.06 acres), a sports complex on Parcel Y (20.85 acres) and a open space amenity center (5.16 acres) with an approximate completion date in 2023-2024.
Phase III would consist of a hotel on Parcel H (4.76 acres), open space drainage on Parcel K (2.14 acres), an RV resort on Parcel S (28.44 acres) and single family homes on Parcels W (1) and (2) (46.11 acres) with an approximate completion date in 2024-2026.
Phase IV would consist of a city rodeo expo center on Parcel I (26.05 acres), an open space park on Parcel J (4.35 acres), open space drainage (61.10 acres), a road on Parcel O (2.11 acres), single family homes on Parcel P (111.46 acres), a school on Parcel T (25.60 acres) and a private school (2.20 acres) with approximate completion in 2024-2026.
Phase V would consist of commercial development on Parcel E (16.63 acres) and single family homes on Parcel G (40.77 acres) with an approximate completion date in 2026-2028.
Phase VI would consist of light industrial development on Parcel F (42.50 acres) and commercial on Parcel G (40.77 acres) with an approximate completion date in 2028-2030.
Phase VII would consist of commercial development on Parcel A(1) (16.68 acres), a fire station on Parcel A (2) (2 acres), commercial development on Parcel B (6.79 acres), commercial development on Parcel C (20.51 acres) and commercial development(41.09 acres) with an approximate completion date in 2030-2035.
The Roper Ranch agreement was announced during the same meeting where the city amended details on another major development in the southern portion of the city. Yesterday, VBX reported the council’s approval of the naming of Thunder Rock, a 1,073-acre, mixed-use development northwest corner of the intersection of US Highway 281 and State Highway 71.
MM Marble Falls 1070, LLC will build the Thunder Rock development on behalf of the city.
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.