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Stratus, Austin Agree on 1,250-Acre Circle C Plan

AUSTIN-With the latest plan, Stratus will be able to construct 830 single-family homes, 900 apartments, 250,000 sf of retail space and one million sf of commercial venues. The city will kick in $15 million in incentives for the downsized project.

By Tim Green | Updated on May 13, 2002

AUSTIN-Stratus Properties Inc. and the City of Austin have reached a tentative agreement over how Stratus will develop 1,250 acres in Southwest Austin. The agreement has started winding its way through city boards and commissions and is due to go before council June 27.

If approved, Stratus would get a green light to develop residential and commercial projects on the acreage in the Circle C development. The agreement calls for Stratus to build 830 single-family homes, 900 apartments, 250,000 sf of retail space and one million square feet of commercial space. Stratus, which would develop less acreage than it planned, would receive $15 million in incentives.

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