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DEVELOPMENT SUMMARY <br /> <br />The Legacy at La Porte Legacywill be a Class A residential apartment community that provides 294 new luxury <br />units to the City of La Porte. While offering a wide range of residential options including one, two, and three bedroom <br />floor plans, the interior features and exterior amenities will remain top-notch and exceed similar existing Class A <br />apartment communities in the surrounding cities. <br /> <br />The Legacy has been designed in a Texas Hill Country architectural style, while additionally blending the garden-style- <br />apartment model to accommodate the increasing multi-family market demand in La Porte. Situated on twenty acres of <br />land east of SH 146 between Fairmont Parkway and Wharton Weems Blvd., the Legacy development will serve residents <br />from the increasing petrochemical job growth and economic expansion that is impacting the nearby ship channel. <br />Moreover, this new community will provide luxury apartment options for nearby businesses and working residents in the <br />La Porte vicinity which is not currently available in La Porte. <br /> <br />Rental rates at the Legacy will range from approximately $1,150 for the smallest one bedroom units up to $1,700 for the <br />three bedroom units. Residents will be responsible for paying all their utilities and will have the option to rent garages <br />and covered parking for additional fees. Additionally, all residents will need to pass criminal background checks and <br />credit checks. <br /> <br />At Legacy, the interiors will feature luxury kitchens with designer cabinets, stainless steel appliances, luxury plank style <br />flooring, crown molding, granite countertops, full size washers and dryers, and open living areas. Other distinctive <br />features will include pantries, large walk in closets, garden size tubs with enclosed shower areas, desk alcoves in select <br />units, and spacious balconies and patios with convenient outside storage. <br /> <br />The exterior of Legacy will include a pleasurable design of stone, stucco, and cementitious siding construction on two and <br />three story buildings. These attractive Class-A buildings will provide a comfortable residential feel situated around an <br />internal water feature with a heavy use of pleasing landscaping and fencing around the perimeter. The clubhouse will <br />feature a furnished community room with custom home finishes and a fitness center, outdoor grilling areas, along with <br />the resort style swimming pool. Additionally, Legacy will be a gated access community and have attached and <br />detached garages and covered parking options. <br /> <br />the development will need to obtain a variance for <br />four items. First, the zoning ordinance only allows 14 units per acre. The Lega units per <br />acre. Second, the zoning ordinance limits multifamily developments to 180 units. The Legacy is proposing 294 units. <br />Third, the zoning ordinance states that buildings cannot be closer than one-half the sum of the building heights of the <br />two buildings. Fourth, the zoning ordinance prevents 3-story buildings adjacent to planned single family developments. <br /> <br />