914 Shady Lane is an incredible development opportunity in Austin's thriving 78702 district. This 4.138-acre property, nestled in an Opportunity Zone, boasts a prime location for redevelopment. This expansive lot offers unparalleled flexibility. The property's zoning allows for various uses, including Short Term Rentals, Townhomes, Residential, Retail, Restaurants, and more. Its unique SF-6 and LR-MU zoning mix suits the campus-style setting. A vibrant community surrounds the site at 914 Shady Lane and is within walking distance of popular spots like Justine’s Brasserie, Hi-Sign Brewery, and Central Machine Works. Additionally, the property is bordered by Boggy Creek and the Anita Ferrales Coy Facility, adding to its charm and appeal. This property also offers the potential for additional tax incentives through its designation as an Opportunity Zone, providing fantastic benefits for business owners. The City of Austin's code further provides a density bonus under Affordability Unlocked, creating even more value and potential for development. The initial conceptual plan indicates a potential for more than 60,000 to 75,000 SF with additional height. Don't miss out on this rare infill opportunity in the heart of Austin. JUNE 2023 UPDATE - Service Extension Request Approved - CITY WILL REMOVE FLOOD PLAIN ON FINAL SITE PLAN. - Tract 1 - 1.722 Acre (SF-6) & Tract 2A - 1.271 Acres (LR-Mixed Use) and Tract 2B - 1.145 Acres (SF-6). The City of Austin agrees the 100-year flood plain will be adjusted and moved back to the channel of Boggy Creek engineered waterway boundary (the conceptual site plan confirms there is no Zone "x" located in the developable area). The Critical Water Quality Setbacks shown on the City of Austin maps, the flood plain, and the Erosion Control Setbacks will match the channel of Boggy Creek.