The Austin City Council has granted approval for the redevelopment of a Southeast Austin auto salvage yard. The new mixed-use development is expected to transform the area by featuring over 1200 multifamily units, 210,000 square feet of office space, and a 136,000-square-foot shopping center.
Currently, the location is home to LKQ Pick Your Part, a popular auto salvage yard, but the transformation is set to create more opportunities for businesses and residents in the area. As part of the zoning regulations, Graham Development will be required to set aside 10% of rental units for low-income families for 99 years. This requirement is part of the city’s efforts to address the issue of affordable housing and ensure that families with low incomes can access quality housing.
The new development will also feature a 13.5-acre park, which will include an extension of the South Boggy Creek Trail. The park is expected to be a popular destination for residents of the area, who can take advantage of the scenic views and green spaces. Additionally, all surrounding land will be dedicated to the city as parkland, which will create more opportunities for people to enjoy outdoor activities.
The transformation of the Southeast Austin auto salvage yard is expected to have a positive impact on the area. The new development will create more job opportunities for residents and boost economic growth in the area. It will also provide affordable housing options for low-income families, which is a significant challenge for many people in Austin. The city council’s approval of the project is a testament to its commitment to creating a better quality of life for all its residents.