1110 Arrington Road Rezoning - WTAWwtaw.com/.../CScoun031016ArringtonDecaturRezoning.pdf · 1110...

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1110 Arrington Road Rezoning

Zoning Map

History

1997 – Designated for apartments and

duplexes in Comprehensive Plan

2000 – Castlegate Master Plan approved this

tract for multi-family

2001 – 2006 Zoned R4 – Multifamily

2003 – Designated as Multi-family in

Comprehensive Plan

2006 – General Commercial and Office

2009 – Designated as Urban in the

Comprehensive Plan

Land Use Plan

Acceptable Uses

“Land nearest the William D. Fitch Parkway

and State Highway 6 interchange should be

used for intense land use activities including

general commercial activities, office uses,

townhomes, apartments, and vertical mixed-

use.”

Permitted Uses by Right

Permitted Uses by Right

Zoning – MF & High Density MF

Land Use - Urban

Land Use - Urban

Condition of the Zoning

We request that the zoning be approved with

the condition that the units shall not be rented

by the bedroom.

Company Info

122 Local

Employees

CS Corporate Office

20 year presence

Market Analysis

Market Analysis

Student Housing vs. Market-Rate

Apartment Comparison

• Individual Bedroom Leases

• Guarantor required

• Bed-bath Parity (i.e. 4 bedroom/4 bathrooms)

• Private Shuttle/ Bus Route to Campus

• Lavish amenity package

Large clubhouse

Tanning beds

Basketball Courts

Movie Theatre

• Roommate Matching

• Community Assistants (“RA’s”)

• All-inclusive rent

Fully Furnished

Cable/Internet Included

Utilities Included

Student Housing Market-Rate Apartment

Upcoming Student Housing

Developments

Northpoint Crossing

Cherry Street Apartments

U Centre at Northgate (TAMU)

Century Square (TAMU)

The Domain

The Sterling @ Northgate

Boyett Street Apartments

Northgate Proper Apartments

The Standard

By the Numbers

2014

1,759 Bedrooms

2015

1,316 Bedrooms

2016

200 Bedrooms

2017 & 2018

5,510 Bedrooms

** Not included:

Century Square

250 Units

TOTAL:

8,785 Bedrooms

TAMU Admission/Student

Statistics

Non-Traditional Students

21,957 students age 22+

11,982 off-campus graduate students

~1,200 veterans

Majority live off-campus

43-45% graduate students

5,136 graduates stayed in College Station

after graduating in 2015

Tax

City of College Station Tax Rate:

0.4525%

Current BCAD Appraised Value:

$1,353,910

$6,126.44 property taxes

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Neighborhood Concerns

Noise & Lights

Property Values

Safety

Environmental & Flooding

Traffic

Neighborhood Concerns

Noise & Lights

Neighborhood Concerns

Noise & Lights

Property Values

Neighborhood Concerns

Noise & Lights

Property Values

Safety

Oil Well Mitigation

Permitted in 1995

Two 12’ x 20’ metal storage tanks

One 10’ x 15’ fiberglass storage tank

10’ x 3’ NATCO horizontal capsule separator

HUD Exchange Acceptable Separation

Distance (ASD)

HUD Acceptable Separation

Distance Radius

Neighborhood Concerns

Noise & Lights

Property Values

Safety

Environmental & Flooding

1995 Aerial Imagery

2006 Aerial Imagery

2010 Aerial Imagery

Neighborhood Concerns

Noise & Lights

Property Values

Safety

Environmental & Flooding

Traffic

Street Classifications

Minor Arterial • 5,000 – 30,000 VPD Barron Rd.

Rock Prairie Rd.

Major Collector • 5,000 – 10,000 VPD Arrington Rd.

Decatur Dr.

Minor Collector • 1,000 – 5,000 VPD Alexandria Ave.

Southern Plantation Dr.

Residential Street • ≤ 1,000

Traffic Concerns

UDO Estimated

Acres Rate Trips Acres Rate Trips

GC 7.22 50 361 7.22 25 180.5

Office 10.43 25 261 10.43 12.5 130.5

Total 17.65 622 17.65 311

UDO Estimated

Acres Rate Trips Units Rate Trips

Mult-Fam 16.68 18.6 311 320 0.62 199

Transportation Route Concerns

8:37 7:01 12:47

CSISD School Zones

City CIP – Decatur/Arrington

Class A Multi-Family