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Z-24-0114 — Mixed-use development including recreational lagoon (4+ acres), up to 1,200 multi-family units, 100,000+ square feet commercial/retail/office/restaurant, full-service 275-room hotel, and vertical mixed-use structures in Leander, TX

This is a major amendment to a 77.9-acre mixed-use PUD that was previously denied by City Council in August 2025 but approved by the Planning & Zoning Commission on May 28, 2026. The amendment removes phasing deadlines and reduces multi-family units to 1,200, with development including a signature recreational lagoon, 400,000+ square feet of commercial space, and an upscale hotel as anchors. This is a high-profile regional destination project that will significantly impact the transit-oriented development area at the intersection of 183A Toll Road and FM 2243.

Case number	Z-24-0114
Type	PD Amendment
Location	8871 183A Toll Frontage Road, Leander, TX 78641
County	Williamson County
Parcel / legal	R051592
Acreage	77.9
Current zoning	PUD (MF-2-A Multi-Family and GC-3-A General Commercial)
Proposed use	Mixed-use development including recreational lagoon (4+ acres), up to 1,200 multi-family units, 100,000+ square feet commercial/retail/office/restaurant, full-service 275-room hotel, and vertical mixed-use structures
Petitioner	iLand Development Group (Pete Conklin) on behalf of Stallion Texas Real Estate Fund, LLC., Stallion Texas Real Estate Fund II – REIT, LLC., Austerra Stable Income Fund, LP., and Austerra Stable Growth Fund, LP. (Vincent Balagia)
Owner	Leander Springs LLC / Stallion Texas Real Estate Fund LLC
Hearing	2026-06-25
Staff recommendation	approve
Status	continued

View the source agenda PDF →

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