Austin-based ATX Capital has received initial approval from the city of Kyle for its planned CityPoint development, a 99-acre mixed-use project. The approval, reported by the Austin Business Journal, covers annexation, rezoning, and a development agreement. The project, located at 1100 East FM 150, still requires a second reading and additional steps such as establishing a public improvement district and securing city utility certificates, which are scheduled for discussion at the city council’s October 21 meeting.
ATX Capital purchased the property earlier this year from Streamline Advisory Partners of San Antonio. The firm is known for converting undeveloped land into projects ready for construction or working with other developers. It is also responsible for Legacy Park, a 94-acre development in Hutto.
The CityPoint plan includes up to 630 multifamily units—both market-rate and affordable—as well as 330 single-family and townhome-style residences. The proposal allocates about 70,000 square feet for commercial space, divides 13 acres for retail, reserves 48 acres for single-family homes, and designates 28 acres for apartments. Additionally, three acres will be donated for municipal use, with nearly 18 acres set aside for open spaces, trails, and road improvements.
Construction is planned to occur in four phases through 2038. The first phase, expected between 2027 and 2031, will deliver 315 multifamily units, 150 homes, and approximately 15,000 square feet of commercial and civic space. ATX Capital has agreed that at least one-fifth of all housing will be townhomes. This condition was important to some council members who want to maintain the city’s goals of higher density and diverse “missing middle” housing options.
Some council members voiced concerns that early plans had promised more variety in housing types than what is now proposed. Bear Heiser was among those expressing frustration over changes from original concepts.
ATX managing principal Jorge Canavati said: “The market, not intent, drove the mix.”
Mayor Travis Mitchell responded: “Existing townhomes in Kyle all do extremely well.”
Lionheart Places of Austin is leading urban planning efforts on CityPoint. The development adds to several large projects underway in Kyle—a suburb about twenty miles south of Austin—that are transforming its downtown area with new residential communities and commercial spaces.
