Lewisville council approves affordable housing project in Old Town
Published: Thu, 11/30/23
Lewisville council approves affordable housing project in Old Town
A rendering shows what the housing development planned in Lewisville will look like when completed.
(Rendering courtesy city of Lewisville)
Community Impact
By Cody Thorn
Updated
The Standard at Old Town, a 17-plus-acre development in Lewisville, can move forward after a zoning change was approved during City Council's Nov. 20 meeting
Property owner Granite Construction Company along with Ojala Holdings requested a rezoning from heavy industrial to a mixed-used district at 701 E. Main St.
The backstory
- 294 units will go for market rate
- 246 units will be for residents earning 80% of the area median income, or AMI
- 42 units will be for residents earning 60% of the AMI
- 18 units will be for residents earning 50% of the AMI
The context
The Standard at Old Town project has some changes compared to the Old Town Transit-oriented Development Plan. There were three notable changes: no public open space is provided; the number of public streets is reduced to two east-west public streets; and lower density units will be on the south side instead of the north side.
The Denton County Transit Authority owns 13.7 acres adjoining the project to the west. A future DCTA headquarters building could be constructed nearby, according to documents. The Upper Trinity Regional Water District also owns property nearby, to the northwest of the subject site. A system of hike and bike trails is envisioned in the area along Prairie Creek, which is owned by the water district.
The details
The rezoning was approved 5-0 with a few conditions:
- All units must be under the same ownership.
- All units must be managed by on-site staff who are available during regular business hours and one hour after.
- All units in the development should have access to all amenities in the planning developments, including the swimming pool, dog park, open spaces and clubhouse.
- Cottages will consist of varying architectural details and color.