Westlake Town Council approved a development plan and preliminary plat for Westlake Entrada, a European-style village at Texas 114 and FM 1938/Davis Boulevard.“Entrada will be a unique, destination type development that will increase our tax base while its demand for services can be met with our current resources,” Town Manager Tom Brymer said.Brymer said the development will provide residents with additional high-end housing and increase retail, service and dining, options. Council approved a partial site plan for a sales office to be included in the $350 million mixed-use development that will include a 3,000-seat amphitheater, a large water feature/lake, hotels, retail shops, restaurants and up to 322 residences made up of single-family detached homes, villas or town homes.Public hearings were held at the Oct. 28 council meeting and at an Oct. 14 Planning and Zoning Commission meeting. No one chose to speak at either meeting.Council previously approved an economic development agreement with the Carrollton-based developers, Mehrdad Moayedi of Centurion American and Jeff Blackard, for them to pay the town $10,000 per residential unit as they are final platted.Westlake Entrada originally included apartments in the proposal but after resistance from residents, the idea was eliminated. Developers withdrew the original proposal and held charrettes with residents to get input and explore ideas.The project value was reduced from the original projection of $500 million after the apartments were removed, which allowed for more acreage dedicated to single family residential lots and reduced the costs previously planned for multilevel apartments with retail.Eddie Edwards, Westlake's planning and zoning director, said the development plan and preliminary plat will allow the developer to submit construction plans and start work on the infrastructure while detailed site plans are prepared and submitted for approval.Edwards said the developer also submitted a petition for the creation of a Public Improvement District that would allow bonds to be sold to fund the public infrastructure. “If the PID is approved, the town of Westlake will not be responsible for repayment of the bonds but will have oversight of the distribution of funds,” he said.
Susan McFarland, 817-431-2231 Twitter: @susanmcfarland1