Renderings for a planned four-story mixed-use development in the heart of Alamo Heights received unanimous support from its City Council on Monday.
It’s been more than two years since the Council granted a special use permit (SUP) to Argyle Residential, which plans to build a 150-unit apartment complex and 5,100 sq. ft. of retail space on a triangular tract at the intersection of Broadway Street and Austin Highway. A multi-story underground garage will accommodate parking.
After receiving the SUP, the developers and their partners waited months for various agencies to complete their studies of drainage patterns around the property.
The Council’s action on Monday was another procedural achievement for Argyle, which, along with its partners, has heard from many residents fearful of the project’s size and potential impact on neighborhood traffic, parking, and drainage.
Argyle has long touted the development as something that will provide more residential and commercial options to the upper Broadway corridor and increase walkability in the area.
The site for the $40 million project will rest on a tract that has been owned by four men, including Richard Peacock, owner/operator of the nearby Paloma Blanca restaurant.
The development site is on a 1.41-acre lot while a .408-acre Alamo Heights-owned lot, south of Ausway Lane, will remain an open greenspace. Ausway Lane will be permanently closed as part of the development.
The structure’s footprint will measure 48,219 sq. ft., and include 259 off-street parking spaces. There also will be some parking on two adjacent side streets, Fennimore Avenue and Circle Street, the result of Peacock’s involvement in the project.