The overview
The Pearl development, which has been in progress since 2017, includes both a townhome project and an apartment project. Recently, the townhome community’s final proposed layout was approved at a Bee Cave City Council meeting June 10.
At a July 15 Bee Cave Planning and Zoning Commission meeting, developers with The Pearl presented requests for certain amendments to the apartment project’s agreement, which addressed when the apartments are allowed to open.
The details
In the original development agreement between the city and The Pearl, the apartments and townhomes were required to develop independently of each other but each within one phase respectively, developers said at the July 15 meeting.
Developers’ requests for an amendment to the agreement were first submitted June 16, and following technical review were resubmitted in a second request July 7, Bee Cave Senior Planner Sean Lapano said.
The amendment request, if approved, would replace the single phase of development with multiple building “turns,” or phases, Freese and Nichols Urban Planner Evan Olszewski said. It would stipulate that developers can issue certificates of occupancy for buildings as they are completed.
Additionally, it would establish a 15-month time frame after the first certificate of occupancy for the first building is issued for all other buildings and turns to be completed, Olszewski said.
Planning and Zoning commissioners unanimously recommended approval for the requested amendment, subject to city staff clearing certain conditions.
What’s next
Bee Cave City Council will now be tasked with approving or denying the amendment at its next meeting July 29. After this, final inspections would begin at The Pearl’s completed buildings.
“Those buildings are essentially ready to be lived in—they’re very close to turnover,” said Jason Hauck, regional development partner for The Morgan Group’s Central Region.
“What we need to do in order to do that is get through the [planned development district] amendment. ... And ultimately have that approved by council in two weeks, and then we would need to go through our final inspection process,” Hauck said.
