Leander Springs project to return to City Council over next few months
AUSTIN (ABJ) — Developers behind the Leander Springs project near Austin reaffirmed their commitment to build the billion-dollar, 78-acre lagoon-centered mixed-use project despite numerous challenges — including owing millions to contractors and losing their incentives agreement.
Austin-based iLand Development Group on June 18 said it “is moving forward with confidence” despite the setbacks and has submitted amendments to its development agreement and planned unit development.
“We recognize there’s been frustration around the timeline, but it’s important the public understand the full picture,” iLand CEO Andrey Derevianko said in a statement.
“We have worked diligently and in good faith to move this project forward, while facing numerous delays in the permit approval process with multiple regulatory bodies,” Derevianko said. “Despite public statements to the contrary, we have never stopped working toward making Leander Springs a reality. If there are no further delays with permitting, we hope to break ground on the project by the end of the year.”
Read the full story at the Austin Business Journal.
