Suburban to Urban
Looking for a change of scenery but don't want to sacrifice affordability, entertainment and convenience? Pflugerville may have what you need.
In just five years you could be a part of the blossoming Sunshine Village Town Center and SunTech Office Park, a mixed-use development approved by the Pflugerville City Council on Tuesday. This combined residential and business space will be located near Plugerville's city center at the intersection of SH 130 and FM 685 and will include housing, offices, retail fronts, four hotels and almost two dozen restaurants.
Sunshine Village Town Center will serve as another addition to the Austin area's long list of alternative urban centers.
"The City Council has stated the goal of transitioning from a bedroom community to a traditional urban suburb, and that means having a great place to live and job opportunities nearby," said Mayor Jeff Coleman in a news release on Tuesday.
"This development will build more than $600 million dollars in investment into our community and bring hotels, residential living, restaurants and entertainment opportunities to Pflugerville."
While the $85 million cost of infrastructure will be paid for by the developers, they do expect to earn about 75 percent of that back through tax revenue over the 30-year period. All in all, the 119-acre development is valued at about $1.75 billion — half of what the entire city of Pflugerville was appraised for in 2015. According to the news release, the 30-year agreement with developers Pflugerville Crossing, LP is expected to generate 9,368 new direct and indirect jobs as well as over $2 billion in overall tax revenue.
"[The development] is going to draw people from all over Central Texas, the same way that The Triangle draws people into Austin, the same way the Domain draws people into Austin," Mayor Coleman told KXAN.
Pflugerville's commitment to a new town center is just one example of an overall migration from the suburbs back to urban cores. Although the development is the largest of its kind to ever be greenlit by the city, Sunshine Village Town Center will serve as another addition to the Austin area's long list of alternative urban centers, which includes the Domain, the Triangle, Mueller and the hotly contested St. Elmo's Market.
The Sunshine Village Center is expected to be completed by 2020.