New North Austin mixed-use plan dangles transportation incentives, but will residents buy it?

Owners of a large commercial site near MoPac Expressway and Spicewood Springs Road hope a new plan for redevelopment will appeal to neighbors, who have opposed a zoning change.

Spire Realty Group LP, based in Dallas, has downsized the density of the original plan for Austin Oaks and tossed in about $10 million for transportation mitigation and along with other contributions for community amenities.

The new mixed-use plan — which would require a zoning change to Planned Unit Development, or PUD — has been circulated to a variety of neighborhood groups and submitted to the city for review. The original redevelopment plan was submitted last fall but met resistance.

Read more here on the Austin Business Journal

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