Transcript Mueller Redevelopment Vision and Goals Vision • Mueller will be an interactive mixed-use community, including residential neighborhoods, retail shops and services, and commercial offices •

Mueller Redevelopment
Vision and Goals
Vision
• Mueller will be an interactive mixed-use community,
including residential neighborhoods, retail shops and
services, and commercial offices
• Mueller will be a model for responsible urban planning
and development
Goals
-Fiscal Responsibility
-Diversity & Affordability
-East Austin Revitalization
-Neighborhood Compatibility
-Economic Development
-Sustainability
Development Program
Residential
Commercial
Institutional
Retail
Greenspace
Current Density Overview:
• 5,700 multi- and single-family homes
• 4.4 millions sf of commercial including:
– 1.9 million sf of institutional
– 1.3 million sf of office
– 750,000 sf of retail
– 435,000 sf of other development
• 140 acres of parks and open space
Infrastructure
Mueller Now
Parks and Open Spaces
•
5 parks complete
•
Over 75 acres of parks and open space in use
•
3 miles of trails complete
Homes
•
Approximately 800 single-family homes complete
•
642 apartments complete
•
Nearly 1,500 families living in Mueller
Commercial
•
400,000 sf of retail complete
•
1.3 million sf of commercial & institutional space complete
•
45 businesses open
•
2 corporate headquarters open
•
Over 3,300 employees working in Mueller
Residential
Mixed-Income Community
• Diverse housing types/prices
–
–
–
–
Yard and Row Homes
Shophouses
Condos – Loft & Mansion-style
Apartments / mixed-use buildings
• Affordable Homes Program
– 25% of total homes
– 30% - 80% MFI qualifying
– Interspersed and indistinguishable
Affordable Homes Program
MDA Requirements
•
Catellus to provide 25% of all housing for
affordable-qualifying families
– 80% MFI for-sale
– 60% MFI for-rent
•
Catellus to work with AHFC to increase
the affordability and duration and to find
funding sources
Affordable-qualifying homes indistinguishable &
interspersed in Mueller
Achievements to Date
•
183 affordable homes sold
•
73 more affordable homes are underway
•
115 affordable apartments leasing;
•
30 more affordable apartments under construction
Wildflower Terrace
•
201 unit Senior Affordable
Housing Development
– 171 Affordable Units
(30-60% MFI)
– 3 Affordable Units
(80% MFI)
– 27 Market Rate Units
•
Financing
– City of Austin General Obligation Bonds
– 9% Competitive Low Income Housing Tax Credits
– Third-Party Financing
– Deferred Developer Fee Note
•
Architecture governed by Mueller Design Guidelines
Multi-Modal / Transit-Oriented
•
Infrastructure planned for future
transit
•
Planned urban rail stops within
Mueller
•
Commuter rail within 1 mile of
Mueller
•
Site served by multiple bus routes
•
Corridors planned for rapid bus
transit, bicycles, pedestrians
•
Most residents and workers will be
less than 10 minutes walk to transit
•
Streets designed to distribute
traffic to minimize impact on
neighborhoods
Economic Impact
MWBE
•
Extensive program to encourage minority-, womenowned construction, design & other business
opportunities
Jobs
•
•
Over 13,000 full time jobs on site
Over 11,000 construction jobs
Financial Impact
•
•
•
•
$5 million annual tax revenue to the city
$60 million of tax revenue; $1 billion tax base
100% debt financing repaid with on-site tax revenues
$175 million in public infrastructure
Affordable Housing
•
25% (over 1,200) commitment to affordable homes
interspersed throughout Mueller for-sale and for-rent
homes
Sustainability/Green Building
•
Green Building Program and requirements for builders
Mueller as a National Model
•
Sustainable Development
•
Public / Private Partnership
•
Affordable Housing
•
Awards
•
National and International Visitors
– 2007 U.S. Green Building Council, Denver
– 2008 Congress of the New Urbanism, Austin
– 2008 Urban Land Institute Greenbuild, Boston
– 2008 Congress of the New Urbanism, Austin
– 2009 Urban Land Institute, Los Angeles
– 2008 Shared Equity Symposium, Portland
– 2008 Models of Excellence Study – ULI Terwilliger
– 2001 Charter Award – Congress of the New Urbanism
– 2005 Award for Municipal Enrichment – National League of
Cities
– 2008 Envision Central Texas – Community Stewardship for
Redevelopment
– 2009 Excellence in Economic Development – IEDC
– 2010 Livable Cities Vision Award for Esthetics
Civic and business leaders; students and researchers