09-23-19 Regular Meeting of the La Porte City Council

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We believe that Hawthorne at Fairmont is worthy of a variance for density, height and spacing because La Porte needs this type of housing to be competitive with surrounding communities. There is currently no Class A apartment community like the proposed development in the City of La Porte with this being a four-story elevator served community. The City of La Porte is most likely losing residents who choose to live in surrounding communities despite working in or near the City of La Porte because of the lack of new multifamily developments. The proposed density and number of units of this development allows for nicer amenities than the 14 units per acre and 180 units limitations would allow. With regard to spacing, the other development that is potentially within 1,000 feet depending upon how the distance is measured is serving a senior population which our proposed development would not be competing with from a leasing perspective. Additionally, strict compliance with the zoning ordinance is economically infeasible these days because of the cost of construction associated with Class A multifamily developments. Expected to exceed $40 million dollars in development costs at approximately $135,000 per unit, Hawthorne at Fairmont will benefit from the Brownstone Companies' experience and expertise in developing and constructing quality residential apartment communities. With successful existing developments in Pasadena, Pearland, and multiple other areas throughout Texas and the neighboring Gulf Coast States, the Brownstone Companies will deliver a quality product to the City of La Porte.