0 Marketplace Ave, Kyle, TX 78640 For Sale

PUD Approved – 336-Unit Multifamily & Retail Site in Kyle, Texas

Waterfront at Marketplace is a +/- 18.84-acre Multifamily and Retail development site located in the heart of Kyle, Texas. Situated on Marketplace Avenue near Highway I-35, the site offers excellent accessibility to local amenities as well as the greater Austin MSA. The approved PUD zoning allows the development of a 4-story, surface-parked multifamily project with up to 336 units (28 units per acre) and approximately 3.5 acres of free-standing commercial/retail. The multifamily portion will not require ground-floor retail space.

Significant Development Cost Savings

In-place agreements with the city of Kyle offer significant savings on development costs in the form of waived Roadway Impact Fees, Water/Wastewater Impact fees, and Parkland Dedication fees. In addition, development of the property will not require on-site stormwater detention.

Kyle, TX – One of the Fastest Growing Cities in the Nation

Home to approximately 58,000 residents and year-over-year population growth of 9%, Kyle ranks as one of the fastest growing cities in Texas and the U.S. A favorable business and tax environment coupled with rapidly growing infrastructure has led to the addition of major employers including Tesla, Amazon, St. David’s and Ascension Hospital Systems and more.