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Mueller Redevelopment

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

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Mueller Redevelopment

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  1. Mueller Redevelopment

  2. 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

  3. 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 Commercial Institutional Retail Greenspace Infrastructure Residential Development Program Current Density Overview:

  4. 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

  5. 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

  6. 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 Homes Program 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

  7. 201 unit Senior Affordable Housing Development 171 Affordable Units (30-60% MFI) 3  Affordable Units (80% MFI) 27 Market Rate Units Wildflower Terrace • 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

  8. 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

  9. Economic Impact MWBE • Extensive program to encourage minority-, women-owned 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

  10. Mueller as a National Model • Sustainable Development • 2007 U.S. Green Building Council, Denver • 2008 Congress of the New Urbanism, Austin • 2008 Urban Land Institute Greenbuild, Boston • Public / Private Partnership • 2008 Congress of the New Urbanism, Austin • 2009 Urban Land Institute, Los Angeles • Affordable Housing • 2008 Shared Equity Symposium, Portland • 2008 Models of Excellence Study – ULI Terwilliger • Awards • 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 • National and International Visitors Civic and business leaders; students and researchers

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