AUSTIN (KXAN) — Over the past week, developers have been sharing their visions for McKalla Place, a spot picked out as a possible site of a Major League Soccer Stadium in Austin.
The latest design for the space wouldn’t include a stadium. Instead, Whitfield/Chen Development are proposing a multi-use development, including building a new MetroRail station. The project, which has been given the name “McKalla District,” would cost $525 million and have 843 affordable housing units and a wellness center, plus retail space.
The developer has submitted a written offer to purchase McKalla Place fee-simple for $22.5 million or lease it for $2.5 million a year.
A total of four developers have expressed interest in developing the north Austin site. Other bids would also use McKalla Place as a mixed-use development.
One of Cappella Capital Partners’ options would use the space at McKalla Place for housing, build an MLS stadium near Circuit of the Americas and also build eight youth soccer fields on city-owned property.
Land Design Studio and Forge Craft Architecture + Design has a plan that wouldn’t have an MLS stadium, but would have a youth soccer field.
Private Developers represented by Husch Blackwell LLP would focus on local retailers and artisans.