Just Lake Pointe Plaza (Fluor campus) and two additional properties adjacent to and part of the project.
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A new zoning district that is specific to redeveloping Lake Pointe Plaza, rather than a general mixed-use code city-wide.
For any commercial development to be successful there needs to be people. In mixed-use developments where it is more compact, dense, and walkable the close proximity of people in and around the development are essential for not only creating the demand for retail and dining establishments but also ensuring they continue to thrive. Multi-family or other similar dense housing products are essential to providing the economic success of the project.
Ultimately, we want this to be a financially successful and sustainable development that will benefit our community for years to come. This denser type of development also has other benefits, such as creating desirable workplaces for new, expanded, and existing businesses, pathways to homeownership, public infrastructure improvements and quality of place amenities.?This also helps maintain Sugar Land’s high-level of services and amenities while sustaining one of the state’s lowest tax rates.
The city is being proactive. We know regulatory steps need to be taken to prepare this site for redevelopment and we are taking those steps.
The Land Use Plan designated 444 multi-family units for the Lake Pointe Regional Activity Center (RAC). The City Council recently approved a development proposal for The Pearl at Lake Pointe to construct 380 multi-family units within this RAC. So, to make the Lake Pointe Plaza project financially feasible, an additional 700 units are needed. These additional units trigger a Land Use Plan amendment to designate a total of 1,100 multi-family units for the entire Lake Pointe RAC.
On September 28, City staff went before the Planning & Zoning Commission to discuss the proactive steps necessary to prepare Lake Pointe Plaza for redevelopment, including proposed changes to the Development Code. Following the workshop with Planning & Zoning on September 28, staff continued to refine the proposed code amendments based on input from the Planning & Zoning Commission. The Planning & Zoning Commission held a subsequent workshop and public hearing on October 26 and November 14, respectively and made a unanimous recommendation to City Council on the actions necessary to prepare Lake Pointe Plaza for redevelopment. On December 5, after a public hearing, City Council will consider two ordinances. The first ordinance would authorize an amendment to the Land Use Plan, and the second ordinance would amend the Development Code and rezone the property to the new Lake Pointe Redevelopment zoning district. Additionally, City Council will review a Redevelopment Concept Plan for the site. The second consideration and action will take place on or after December 19.
We are at the beginning stages of visioning what the future of Lake Pointe Plaza could be. To conduct complete and accurate traffic and school impact studies, more detailed information is needed like specific uses, number of units, etc. Those details are not yet finalized at this stage of the project. We do know that the current infrastructure can accommodate up to 5,000 people using the space as an office so there is baseline data that can be taken into consideration.
A traffic study is not a feasibility study to determine whether a project can move forward or not. The purpose of the Traffic Impact Analysis (TIA) is to assist the city in identifying the effect of the proposed development on the city’s transportation system including capacity, level of services, and safety. The study may recommend certain improvements or mitigations to public right of way.
According to Fort Bend ISD, single-family houses generate more students for the school district than multi-family at a rate of 0.51 vs. 0.35 students per household. Data from Population and Survey Analysts (PASA), who is the demographer for Fort Bend ISD, states that newly built, market-rate multi-family properties typically have fewer students since rental rates are generally higher. Student to housing unit ratios is typically affected by several factors, including number of bedrooms per unit, age and class rating of the property, building style, campus attendance boundary, and rental price. A recent School Impact Analysis performed for a previous multi-family project showed that for a development largely consisting of studio and one-bedroom units, the ratio of students per occupied unit was far below the district average. A school impact study will be conducted as part of due diligence required for this project.