Austin-based ATX Capital has received initial approval from the city of Kyle for its proposed 99-acre CityPoint development. The approval, reported by the Austin Business Journal, covers annexation, rezoning, and a development agreement for the project. The site, located at 1100 East FM 150 and previously referred to as Project Sahara, still requires a second reading by the city council and further steps such as establishing a public improvement district and a utility certificate exchange. These items are scheduled for consideration at the council’s October 21 meeting.
ATX Capital acquired the land earlier this year from Streamline Advisory Partners of San Antonio. The firm focuses on preparing undeveloped land for construction or working in partnership with other developers. It is also responsible for the Legacy Park project in Hutto.
Plans for CityPoint include up to 630 multifamily units—offering both market-rate and affordable housing—and 330 single-family and townhome-style residences. There will be about 70,000 square feet of commercial space, with specific allocations: 13 acres for retail use, 48 acres for single-family homes, and 28 acres for apartments. Additionally, three acres will be donated for a municipal facility, while nearly 18 acres are designated for open space, trails, and road improvements.
Construction is set to proceed in four phases through 2038. The first phase, expected between 2027 and 2031, includes building 315 multifamily units, 150 homes, and approximately 15,000 square feet dedicated to commercial and civic uses. ATX Capital has agreed that at least one-fifth of all housing will be townhomes. This was an important requirement from city council members aiming to support higher-density “missing middle” housing as outlined in Kyle’s comprehensive plan.
Some members of the city council voiced concern that original plans featuring diverse housing options had been reduced. Bear Heiser was among those expressing frustration over these changes.
ATX managing principal Jorge Canavati responded by saying: “The market, not intent, drove the mix.”
Mayor Travis Mitchell stated: “Existing townhomes in Kyle all do extremely well.”
Urban planning for CityPoint is being led by Lionheart Places of Austin. The project adds to several large-scale developments underway in Kyle—located about twenty miles south of Austin—including projects by Ari Rastegar and others that are expanding downtown offerings and mixed-use spaces.
