With the change in zoning from commercial to multifamily, the developers of the Village on Guadalupe can proceed with a site plan and construction documents. The apartments, aimed at UT students, should be ready by late 2003, says Mike McHone of McHone Real Estate, who's representing the project before the city. The developer and owner of the property is Villas on Guadalupe Ltd., a partnership based in Houston.
The North University Neighborhood Association objected to the number of apartments, claimed parking was inadequate and building heights were out of line. The developer has reduced the number of units from 163 and made changes to the parking layout.
Mayor Gus Garcia said student housing is needed close to the campus. "We need to find ways to provide housing for those students so they don't have to get on buses and come all the way from the edge of town to go to the university," he said. "So, given the compromises the developers have agreed to, I think it's a good project."
The apartments are to be situated on a 2.4-acre triangular tract bounded by Guadalupe Street and Hemphill Park. The site contains a Blockbuster video store and a small office building. A historic home has been moved.
The project will have 40 one-bedroom units, 92 two-bedroom units, nine three-bedroom units and nine four-bedroom units. Rents haven't been set, but will be priced at market rates.
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