10/29/2024 | Press release | Distributed by Public on 10/29/2024 15:22
CORPUS CHRISTI, TX - At today's regularly scheduled City Council meeting, Mayor Paulette Guajardo and the City Council approved a resolution to accept the petition for the Mirabella Public Improvement District (PID) No. 2 to fund capital costs for an amenity-based master-planned community with enhanced public infrastructure.
The 300-acre development planned in the London area will offer 1,154 single-family residential units at three distinct price points. It will also include 23.53 acres of parks with 13.4 miles of connected hike and bike trails. The development will offer amenities such as a community center, community resort-style pool, and recreation fields for residents to play baseball, pickleball, and basketball.
The development anticipates a 10-year buildout in six phases, with an estimated completion by 2036 and an anticipated value of approximately $467 million at full buildout. In addition to the PID, the City is considering creating a Tax Increment Reinvestment Zone (TIRZ) to support this and other future developments in this growing area.
"Today's approval of the Mirabella PID is an exciting step in building a vibrant, family-friendly community in the London area," said Mayor Paulette Guajardo. "This development will bring quality infrastructure, parks, and amenities, enhancing life for current and future residents of Corpus Christi."
This is the first step in creating a Public Improvement District. The City Council will hold a public hearing in December and consider the district's creation.
For more information, media representatives may contact Cassandra Hinojosa, Public Information Officer, at (361) 826-2944 or by email at [email protected].