City Council Meeting - Oct. 18 - approval of "Park Plaza" project

The City Council has approved an ordinance for the redevelopment of property where the old Chase Bank building sits.  The vote was 4 to 1.  The so-called Park Plaza project involves the demolition of the existing building on the corner of Hillcrest and Daniel, and the construction of a mixed-use development, featuring office space, retail shops and restaurants.  

The ordinance caps the development at 119,000 square feet, down from the previously proposed 127,880 square feet. The ordinance stipulates the office tower can not exceed 86 feet in height, a reduction from the recently proposed height of 95 feet. The building will feature six stories, reduced from a proposed seven stories.

The project will have 626 total parking spaces, with 136 spaces at or above-grade and 490 below-grade for tenants.  The ordinance calls for the development to have 150 parking spaces on the grade and above-grade levels that will be free-of-charge for the first hour. There will be a $3 charge for each hour or part of an hour after that.  The maximum height of the western elevated portion of the parking garage will be 31 feet on both Daniel and Haynie sides of the project.

When the Planning and Zoning Commission approved the project on July 12 the office tower had a maximum height of 114 feet, was seven stories and totaled 127,880 square feet..  

Council Meeting Video.  Discussion on the Park Plaza project begins at the 7-and-a-half minute mark.  

Park Plaza Ordinance - adopted Oct. 18

Source:  uptexas.org