Austin City Council recently approved two key advancements for the development of the Colony Park Sustainable Community in Northeast Austin.
Council approved zoning updates as well as the terms for an agreement for Catellus Development Corp. to develop the property.
According to the city, the 208-acre community is projected to have up to 3,000 residential units, about 230,000 square feet of office and institutional space, 130,000 square feet of retail space, and 42 acres of parks, trails and open…