Two apartment projects are on the Sherman Planning and Zoning Commission's agenda Tuesday, one new and much larger than the other.
The bigger request is a zoning plan called Villages on Loy Lake for 21.15 acres at 4258 and 4310 N. Loy Lake Road, north of Sherman Town Center. The land sits outside the city limits in Sherman's extraterritorial jurisdiction and is now zoned residential agricultural.
The owners are asking for a planned development with multifamily and retail base zoning that would take effect once the property is annexed, according to the staff report.
Up to 350 homes
The planned development standards in the meeting packet cap the project at 350 units. They would allow apartments, townhomes and senior living, including assisted living and independent care, in both the residential and retail sections. Other limits in the draft:
- Buildings could rise to 55 feet, with parapets and similar features allowed up to 60 feet.
- No four-bedroom units.
- At least 10% of the land kept as open space, either usable space or tree preservation.
- A site plan would still need commission approval before any building permit is issued.
A concept drawing in the packet lays out 140 one-bedroom, 175 two-bedroom and 35 three-bedroom units, along with an 11,550-square-foot retail building. City planning staff wrote that it has no objection to the request.
