Title
Update and discussion regarding the status of future multifamily development projects.
Body
REQUESTOR:
Councilwoman Tina Bennett-Burton
BACKGROUND:
On May 21, 2024, staff presented an update to the City Council regarding the total number of multifamily apartment units completed, proposed, or under construction in Farmers Branch. Councilwoman Tina Bennett-Burton has requested an additional discussion item related to multifamily development, specifically to address construction timelines for future approved multifamily complexes.
Total multifamily counts have not changed since the May 2024 staff presentation. However, one complex containing 364 units has moved from the "proposed" category to "under construction."
DISCUSSION:
In general, exact construction timelines for all projects can be difficult to predict. Once a multifamily project receives initial zoning approval from the City Council, a detailed site plan must be submitted for review (often requiring separate City Council approval).
However, in some cases, there can be a gap of multiple years between an initial zoning approval and final detailed site plan approval. This delay occurs for a number of reasons, including market conditions, developer interest, financing structures, and other factors.
Once a detailed site plan is approved, developers have a two-year timeframe in which to apply for building or development permits, otherwise the site plan expires and must be resubmitted. The City Council may grant an extension of an approved site plan for up to one year.
The attached presentation details each proposed development that is either under construction or approved pending future site plans or permit submittals. The staff has contacted the developer for each project to confirm anticipated timelines for the commencement and completion of construction. For projects that have not received detailed site plan approval yet, these timeframes are subject to change based on future submittals a...
Click here for full text