KVUE – Upset Apartment Residents Demand Developer Honor Agreement

Jesse Pena has called the Shoreline Apartments along the Southeast Shore of Lady Bird Lake home for seven years. Now he feels he and his neighbors are being treated unfairly.

“They didn’t give us any reasonable time to look and find a place,” Pena said.

The apartment complex sits on prime real estate along Lady Bird Lake, east of I-35. In 2009, the Austin City Council approved a deal to allow Houston-based developer Grayco to build a $200 million high rise project on the land where the apartments now sit. In exchange, Grayco agreed to donate $2 million to the city’s affordable housing trust fund, rent 13 of the new apartments to lower income residents ,and spend $90,000 on relocation assistance for residents.

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