Austin Oaks, a development that has been proposed near the corner of Spicewood Springs and Mopac, got zoning approval from the Austin City Council last week, the Austin Business Journal reports.
Spire Realty Group plans to replace an old office park with a 31 acre development that includes apartments, office towers, and retail.
The development was first put forth in 2014, but the plans have been changed after the developer met with neighborhood groups opposed to the project. These meetings resulted in the two apartment buildings being limited to four or less stories each.
There will also be several mid-rise office buildings, with one being nine stories near Mopac, 1.2 million square feet of space total, and 375 or less apartments, with 41 for low-income renters.
The land is currently occupied by an office park with 12 low-rise buildings.
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