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Staff outlines feasibility study for 211‑unit College Green development
Summary
Staff presented the utility and economic feasibility study for College Green, a proposed 211‑unit multifamily/cottage‑style development at Buffalo Springs and Lone Star Parkway; staff said the developer estimates 426 parking spaces, $500k–$550k in impact fees, and an estimated build‑out value of about $31.5 million, and emphasized required traffic and drainage studies and the need for water/wastewater plant capacity.
Montgomery staff presented a feasibility study for the College Green development on Aug. 4, describing the project as a 211‑home multifamily/cottage‑style community with 426 parking spaces and outlining infrastructure needs and projected fees.
Staff said the developer revised the land plan to add parking and that the project would connect to existing water and sewer lines on Buffalo Springs and Lone Star Parkway; estimated impact fees were described as roughly $500,000–$550,000 and the expected full build‑out taxable value about $31,500,000. Staff noted the city has water‑ and wastewater‑plant projects in flight (plant #4 advertisement for bids expected) that are needed to serve growth and reiterated the developer must submit traffic and drainage impact analyses before plan approval.
Commissioners asked about access (Buffalo Springs is the primary entrance), whether variances would be necessary (staff said they do not expect variances if setbacks and parking are met), and coordination with Taylor Morrison on downstream ponding; staff said the developer will provide required studies and coordinate engineering as part of the plan‑review process.
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