This meeting is for Consideration and Action on a proposed Planned Development (PD) District – Final Development Plan (FDP) known as The Pearl at Lake Pointe. The request is for a change of zoning from the Business Office (B-O) District to the Planned Development (PD) District – Final Development Plan (FDP) District. The proposal consists of approximately 6.5 acres located along Creek Bend Drive just south of the Fluor Corporation.
The Pearl at Lake Pointe project comprises a mix of multi-family and live/work units with a structured parking garage to serve the development. The proposal is for 370 multi-family units and 5 live/work units. The 370 multi-family units will consist of a mix of one-bedroom and two-bedroom units. This project is located in the Lake Pointe Regional Activity Center (RAC), which calls for this area to be office and residential-focused.
The 5 live/work units will be located along the street-facing side of the development across from the Milano Event Center and will provide for non-residential uses to be located on the ground floor of these units. This proposal includes approximately 9,600 square feet of flex office co-working space for lease, which is adjacent to a 4,425 square foot meeting space, both on the ground floor street-facing side of the development. The proposal also includes 12,000 square feet of non-residential areas, including the leasing office, fitness and gaming facilities, conference space, and a café/coffee shop on the ground floor. The proposed permitted use list for the live/work units includes a focus on professional office uses.
The Commission held their public hearing on March 23rd and there were a few members of the public that spoke in favor of the proposal. Commissioners asked several clarifying questions of staff and the applicant. The overall feedback from the Commission was this project is in alignment with the Land Use Plan guidance for this Regional Activity Center.
Staff recommends approval of The Pearl at Lake Pointe Final Development Plan to the Mayor and City Council.