{"id":265546,"date":"2026-04-25T06:28:10","date_gmt":"2026-04-25T06:28:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/265546\/"},"modified":"2026-04-25T06:28:10","modified_gmt":"2026-04-25T06:28:10","slug":"round-rock-gives-developer-second-option-as-rental-prices-drop","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/265546\/","title":{"rendered":"Round Rock gives developer second option as rental prices drop"},"content":{"rendered":"<p>\t\t\t\t\t\t\tDevelopers of a new housing project in Round Rock now have more options after <a href=\"https:\/\/www.roundrocktexas.gov\/city-about-round-rock\/city-council\/\" rel=\"nofollow noopener\" target=\"_blank\">City Council<\/a> members approved an amendment to a Planned Unit Development April 23.<\/p>\n<p>The overview<\/p>\n<p>Plans are underway for a housing project on a 10-acre tract of land on East Old Settlers Boulevard in Round Rock, which was originally designated for commercial use on the city\u2019s 2030 Future Land Use Map.<\/p>\n<p>In 2023, the city amended the map to make way for high-density multifamily housing. However, developers now have a second option to bring medium-density multifamily housing after officials said rental prices have dropped in recent years.<\/p>\n<p>Brad Dushkin, Round Rock Planned and Development Services director, said in 2023 the high-density option \u201cmade sense economically,\u201d said at an April 21 packet briefing.<\/p>\n<p>\u201cBut since then, there\u2019s been a building boom in multifamily,\u201d Dushkin said. \u201cRents have come down drastically.\u201d<\/p>\n<p>The median rental price of a one-bedroom unit in Round Rock declined by 7.5% from March 2025 to March 2026, according to data by Zumper. For the same time period, the rent for two-bedroom units dropped by 4.2%.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2026\/04\/1777098490_578_thumbnail.jpeg\" width=\"100%\" alt=\"chart visualization\"\/>The request was submitted by law firm Armbrust &amp; Brown on behalf of the property owner, <a href=\"https:\/\/www.performanceservices.com\/texas\/\" rel=\"nofollow noopener\" target=\"_blank\">Performance Services Real Estate<\/a>.<\/p>\n<p>Diving deeper<\/p>\n<p>Dushkin said city staff are using the Planned Unit Development \u201cas a template\u201d as the department looks at other amendments to Round Rock\u2019s comprehensive plan, zoning and development code that staff will bring to council in the coming months.<\/p>\n<p>\u201cSo the PUD amendment will keep the original high-density option [and] is going to add a new medium density option,\u201d Dushkin said. \u201cThey\u2019re not going to be allowed to mix and match their standards between the two. You\u2019re going to have to pick A or B and ride that all the way through.\u201d<\/p>\n<p>If the developer chooses to go forward with the high-density housing option, it would allow up to 375 apartment units, with up to four- and five-story tall buildings. It also allows for up to 12 townhouse units per acre on the southern portion of the property.<\/p>\n<p>The medium-density option would instead allow up to 285 multifamily units, with three- and four-story tall buildings. Four-story buildings could not be built closer to the southern property line than any three-story buildings.<\/p>\n<p>Dushkin said the developer would be \u201clocking in\u201d the housing option once it submits its site plan application to the city.<\/p>\n<p>&#8220;&gt;<\/p>\n","protected":false},"excerpt":{"rendered":"Developers of a new housing project in Round Rock now have more options after City Council members approved&hellip;\n","protected":false},"author":2,"featured_media":265547,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[132,134,133,54701,6240,99319,64800,53992,56641,99320,99321,56646],"class_list":["post-265546","post","type-post","status-publish","format-standard","has-post-thumbnail","category-austin","tag-austin","tag-austin-headlines","tag-austin-news","tag-city-of-round-rock","tag-round-rock","tag-round-rock-apartments","tag-round-rock-city-council","tag-round-rock-development","tag-round-rock-housing","tag-round-rock-multifamily","tag-round-rock-project","tag-round-rock-real-estate"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/265546","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=265546"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/265546\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/265547"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=265546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=265546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=265546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}