Item 5 Copper and Stebbins Downtown Residences PresentationLAKE DISTRICT
DOWNTOWN RESIDENCES
Design Architect Landscape ArchitectDeveloper
Purpose and Intent
Cooper & Stebbins will be requesting approval to:
1.Create a new district in Town Square.
2.Re-zone the +/-7.3-acre parcel of land located west of McPherson Park in
the Town Center overlay to “DT” Downtown District zoning with Downtown
Residences as a permitted use.
New District:
THE LAKE DISTRICT
13+ acres
currently located in the
Southlake 2035 Plan
Town Center Overlay
➢Downtown Residences
➢McPherson Park future conference center expansion / performing arts space relocated to the northwest corner of park
➢Phase 2 Granite Office Building
➢Restaurant Pad Site
The Lake
District
▪Enhanced streetscape
▪New identity and
wayfinding signs
▪Redeveloped
McPherson Park with
gateway entry building
Lake District
Enhanced
Streetscape
A Lake District Streetscape Plan will
reinforce pedestrian connectivity as
well as a desired type of character to
help define the new district.
The enhanced streetscape will help
advance and support the principles
identified in Southlake’s Downtown
District Design Guidelines and Major
Corridors Urban Design Plan.
New Streetlight Signage
on North Carroll Avenue
and Federal Way
Two new wayfinding signs
on State Street at Federal
Way and Division Street
Lake District
Identity &
Wayfinding
Cooper & Stebbins’ proposal
includes a newly dedicated ½ acre
parcel of land at the northwest
corner of McPherson Park for the
City’s future development of a
conference center / performing
arts space, if ever needed.
▪Gateway opportunity into Town
Square from S.H. 114
▪Ideal location on the city park
▪Takes advantage of existing parking
New Gateway
Entry Building on
McPherson Park
The amenities and residences
truly embody the spirit of
Southlake Town Square, where
architecture and design combined
with high quality construction
meet to achieve the City of
Southlake’s goals for “DT”
Downtown District zoning.Downtown
Residences
NUMBER OF RESIDENCES
350
AVERAGE SIZE
1,000 Square Feet
MINIMUM SIZE
850 Square Feet
AVERAGE RENT PER MONTH
$3,000
TARGET UNIT MIX
1 Bedroom = 45% -55%
1 Bedroom + Den = 10%
2 Bedrooms = 35% -45%
Downtown Residences Summary
BuildingsFit the NeighborhoodFromState Street
5 stories maximum
and 65-foot
maximum height
within 200 feet of
State Street
(Shorter than DPS
and Granite Place
office building)
3 stories maximum
and 40-foot maximum
height within 100 feet
of North Carroll Avenue
(Shorter than Fire
Station Clocktower)
50-foot set back
from North Carroll
Avenue
4 stories maximum
and 52-foot maximum
height between North
Carroll Avenue and
State Street height
limitations
Building Heights Step Down toCarroll Avenue
Downtown Residences
Section View
5 stories max
and 65’ max. height
within 200’ of State
St.
50’ setback
from N.Carroll
Ave.
3 stories max.
and 40’ max.
height within
100’ of N. Carroll
Ave.
4 stories max.
and 52’ max. height
between N. Carroll Ave.
and State St. height
limitations
5’ setback from
State St.
The exterior design and façade will
be consistent with the Downtown
District Design Guidelines for
Southlake Town Square.
Primarily brick façade with
elements of cast stone and other
materials.
Elegant Masonry
Façades
Classic & Timeless
Design Features
Stately gated
entry court
Classic & Timeless
Design Features
Exclusive
sense of arrival
Classic & Timeless
Design Features
Covered
colonnade
Classic & Timeless
Design Features
Intimate courtyards
Serene Landscape Plan
7 beautifully landscaped
courtyards
Serene Landscape Plan
Outdoor spaces to
complement your lifestyle
Serene Landscape Plan
Secure, gated
access
•Over 15,000 square feet of club room
and amenity space on 3-levels
•10,000 square foot recreational deck
with 60’ pool, lounge area, outdoor
cabanas, and grills
Community
Amenities
•Two private dining suites and an
additional entertainment suite
•Expansive fitness club with multi-purpose
studio overlooking the landscaped Central
Courtyard
Community
Amenities
Community Amenities
Private club room
Community Amenities
Boardroom and
business center
Community Amenities
Modern fitness center
overlooking the Central
Courtyard
Community Amenities
Multi-purpose
studio room
Our Vision
to create a place as much about a luxury lifestyle
as it is about luxury real estate.
•Thoughtfully designed residences to
deliver a well-appointed home
•Stone countertops with abundant kitchen
cabinets
•Oversized walk-in showers
•Large private terraces and balconies
Residence
Features
•Larger than average unit sizes with 9’
ceiling heights for light-filled living
•Spacious walk-in closets with built-in
shelving and storage
•Full-size washer and dryer
Residence
Features
FREQUENTLY ASKED QUESTIONS
The following are frequently asked questions about the
Downtown Residences and answers/responses.
Does Southlake allow multi-family residential?
If so, is there any in Town Square?
Yes. The Parkview Residences is a 36-unit residential loft building in the
“DT” Downtown District.
Is the site currently zoned for multi-family?
No. The site is currently zoned
C-3 General Commercial
District.
The property’s SH 114 Corridor
Land Use designation is Town
Center which includes
residential uses (guidelines for
residential land use mix equal
15% with flexibility of +/-15%).
The subject proposal would
increase Town Square’s total
residential land use mix to
approximately 13%.
Why don’t you build per the existing C-3
general commercial zoning?
Town Square is a mixed-use
development whose retail has been
substantially complete since 2009.
Cooper & Stebbins does not
believe another retail/commercial
development similar to the West
Side District, Carroll Pointe
shopping center, or the surrounding
garden office developments would
help Town Square evolve in today’s
changing retail world.
West Side District
Carroll Pointe
What was the original vision for this land?
The original vision was for 500+
multi-family residences for rent.
What is Cooper & Stebbins’ goal with
residential?
Cooper & Stebbins’ goal is to
continue to enhance and support
Town Square with a mix of high
quality uses that will help our
Downtown to evolve and protect
itself from changing market
conditions and competition .
What is the City’s goal for Town Square?
“DT” Downtown District Purpose & Intent (Zoning Ord.
§37.1)
“The purpose of the Downtown District is to encourage
the creation of a pedestrian oriented, mixed -use urban
environment,providing shopping, employment,
housing, and business and personal services.
Downtown is intended to be the focal point of the
community. This is achieved by promoting an efficient,
compact land use pattern; encouraging pedestrian
activity; reducing the reliance on private automobiles
within the district; promoting a functional and
attractive community through the use of urban design
principles;and allowing developers flexibility in land
use and site design….”
Will the proposed development increase
traffic?
Yes.
Any development on the site will
increase traffic; however, the
Downtown Residences are
projected to increase traffic less
than (1) a retail / restaurant
development, or (2) a medical
office development.
Does Cooper & Stebbins need 350
Downtown Residences?
Yes.
350 Downtown Residences provide the
critical mass to support the quality and
amenities of the luxury lifestyle proposed.
Who would live in the Downtown Residences?
Empty
Nesters
Traveling
Executive
Family Situations
(Parents and in-laws,
separated or divorced
parents, etc.)
Traveling
Lifestyle
Does this set a precedent in Southlake?
No.
No other development in
Southlake has “DT”
Downtown District zoning,
which is specifically designed
for Town Square’s pedestrian
oriented, mixed-use urban
environment.
Does it negatively impact Carroll ISD?
No.
Cooper & Stebbins estimates a maximum
increase of 35-53 students.
The proposed development would increase total
property value by over $100 million
(approximately 20% of Town Square).
CISD maintenance and operations taxes are
projected to exceed $1 million per year, which is
protected from Robin Hood via Town Square’s
Tax Increment Reinvestment Zone.
End of Presentation