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HomeMy WebLinkAboutCircle T Update presentation C Schwab and roadway 06-19-17CIRCLE T MIXED-USE DEVELOPMENT UPDATE June 19, 2017 Circle T Ranch AerialJune 19, 2017 HOWARD HUGHES CORPORATION Limited Partner •Develop, own and manage premier commercial, residential and mixed use projects across the U.S. •Signature projects include The Woodlands in Houston, Summerlin in Las Vegas, the Seaport District in Lower Manhattan and Ward Village in Honolulu HILLWOOD PROPERTIES General Partner •Privately owned and founded in 1988 by Ross Perot, Jr. •Operations worldwide; headquartered in North Texas •Long and active relationship with the Town of Westlake Project Team CONSULTANT TEAMCHARLES SCHWAB •Founded in 1971 by Charles Schwab •Operates in four main division: investing, wealth management, banking, and trading •“Campus” June 19, 2017 Circle T Mixed-Use Massing Plan June 19, 2017 MASSING PLAN FEBRUARY 22, 2016 Circle T Mixed-Use Massing Plan June 19, 2017 MASSING PLAN May 15, 2017 Circle T Mixed-Use Civil PlanJune 19, 2017 SCHWAB WAY CIVIL PLAN June 19, 2017 SCHWAB WAY CIVIL SECTIONS June 19, 2017 Circle T Mixed-Use Civil SectionsJune 19, 2017 STREET SECTION June 19, 2017 Circle T Mixed-Use Street SectionJune 19, 2017 MIXED-USE DEVELOPMENT CHARLES SCHWAB CAMPUS BB 100’ ROW SCHWAB WAY WITH 2 LEFT TURN LANESB CIRCLE T CONCEPT STATEMENT June 19, 2017 •The footfall and traffic in the lifestyle core is important to ensuring the long-term success of the community. The walking distances for Schwab employees into the lifestyle core are critical. •While Schwab Way must carry hundreds of cars, the 100’ ROW width must be a comfortable balance for the pedestrians crossing the Way. •Wider ROWs discourage pedestrian crossings. The narrower 100’ ROW will slow traffic along Schwab Way and better facilitate pedestrian connectivity. •The narrower ROW is safer for turning cars and pedestrian crossings; and will as a result produce less car trips from the campus to the Lifestyle Core. •A wider ROW is counter-productive to the theme of an urban walkable scale THUS discouraging pedestrian crossings. Charles Schwab Campus ImagesJune 19, 2017 June 19, 2017 Charles Schwab Campus Images June 19, 2017 Charles Schwab Campus Images Aspirational ImageryJune 19, 2017 Note: Informational Only. MAIN STREET Aspirational ImageryJune 19, 2017 Note: Informational Only. MAIN STREET Note: Informational Only. Aspirational ImageryJune 19, 2017 MAIN STREET Note: Informational Only. Aspirational ImageryJune 19, 2017 Note: Informational Only. •Pushes more intense development to the north, abutting State Highways 114 and 170 •Development will be in an area identified for Regional Commercial •Development is moved to a Vista Shade Zone north of the hill and away from the residential core of Westlake •Because of the transfer of “density” the overall “density” across PD 3 remains constant •Offers a mix of uses including retail, commercial, office, hotel and potential entertainment •Due to location allows more verticality, which is needed to meet the Town’s desire for additional commercial development •Includes expanded residential opportunities •Recruiting another major Financial Cluster resident to the Town CompatibilityJune 19, 2017 Compatibility with the Town of Westlake’s adopted Comprehensive Plan Compatibility February 22, 2016 Note: Informational Only. Not Part of PD Ordinance. Thank you