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The developer of Heirloom Georgetown, a planned 3,600-unit development near Williams Drive and Ronald Reagan Boulevard, requested adjustments to its public infrastructure financing at a July 28 City Council workshop.
The 620-acre mixed-use development will feature residential and commercial components as well as a future Georgetown ISD school site.
The request: Logan Kimble, vice president of land operations at developer Columnar Investments, outlined the requested changes to the development plan, which include expanding the upfront funding from $11.6 million to $16.5 million.
This funding would help Heirloom fund the construction of:
- The original 2-mile collector road
- Water and wastewater lines
- Public trails in a future city-owned park
- Two stormwater quality ponds
The outcome: Council members agreed to increase the upfront infrastructure funding and settled on a $15.3 million amount to construct the road, wastewater lines and park trails. However, officials rejected the request to take ownership of the stormwater ponds.
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