3506 Tom Green St
Austin, TX 78705 North University

Redevelopment opportunity in the North University/Hyde Park neighborhood near UT.   City allows single-stair five-story multifamily.   The total lot is 6.048 SF, and air rights are 51% of the total area of Unit 1 and Unit 2 per condo documents.  Density Bonus allowing up to 70 feet in height, factoring compatibility and NCCD. Rare infill opportunity with no FAR, more forgiving compatibility setbacks, generous building coverage, and fewer setback requirements under the DB-ETOD zoning overlay recently approved. All information to be confirmed through the City of Austin. NCCD elements will apply, including one parking space per bedroom, based on recent consultation with the City of Austin. 
Listing includes Unit 1 only, totaling 6,048 SF.