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Home/Site Plans/Pearl and MLK
✅ Approved and ReleasedDistrict 9

Pearl and MLK

The applicant is proposing to construct a Multi-Family residence with associated improvements.

📍 706 W MARTIN LUTHER KING JR BLVD, AUSTIN, TX, 78705📄 Site Plan🏛️ AUSTIN FULL PURPOSE
Entitled100%
Site area
1.40 acres
City: AUSTIN
Timeline
Applied: Aug 24, 2012
Updated: Feb 13, 2013

📊Site Plan Metrics

#10817872
1.40 acres
Site Area
✅

Approved and Released

Step 5 of 5: Released ✓

Site plan fully approved and released. All conditions cleared. Ready for construction permitting.

Next:Pull building permits to begin construction.

📋Scope of Work

The applicant is proposing to construct a Multi-Family residence with associated improvements.

📅Entitlement Timeline

Application Filed
+30d
August 24, 2012
In Review
+143d
September 23, 2012
Approved
February 13, 2013

📍Location & Views

Open in MapsGet Directions|30.28330, -97.74619

💰Property Tax Assessment

View on TCAD
$50.00M
Property Value
Market, Appraised & Assessed values are equal
Land: $14.64M (29%)Improvements: $35.36M (71%)
📍
Property Address (TCAD)
706 W MARTIN LUTHER KING JR BLVD 78701
👤
Property Owner (TCAD)
ACC OP (PEARL STREET) LLC
Year Built:2014
Acres:1.12
Tax Year:2026
Type:MULTIFAMILY

📈Property Value History

Year-over-year assessed values from HCAD/TCAD records

Tax YearLand ValueImprovementMarket ValueAppraisedTrend
2025$14,636,100$35,363,900—$50,000,000
2024$14,636,100$35,319,562—$49,955,662
2023$14,636,100$34,763,900—$49,400,000
2022$12,684,620$34,815,380—$47,500,000
2021$8,781,660$37,518,340—$46,300,000

📜Deed History

Ownership transfer records for this property

Jun 16, 2015SW
LMI PEARL APARTMENT HOMES LLC→ACC OP (PEARL STREET) LLC

SPECIAL WARRANTY DEED

Jun 15, 2015QD
LMI PEARL APARTMENT HOMES LLC→ACC OP (PEARL STREET) LLC

QUIT CLAIM DEED

Dec 4, 2012SW
CITYVILLE AT PEARL L P→LMI PEARL APARTMENT HOMES LLC

SPECIAL WARRANTY DEED

Dec 4, 2012QD
CITYVILLE AT PEARL L P→LMI PEARL APARTMENT HOMES LLC

QUIT CLAIM DEED

Dec 6, 2005SW
BAUSTIN MLK LTD→CITYVILLE AT PEARL L P

SPECIAL WARRANTY DEED

🤝 Project Team

🏠 Owner Contact
T
Terrance M. Tobin
Principal Enterprise Capital, LLC
(515) 248-2998
📝 Applicant Contact
D
Donald B Cecil, P.E.
Bury, Inc.
(512) 328-0011

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Key Stakeholders

🏠
Owner
Principal Enterprise Capital, LLC
View full profile →

Quick Links

City of Austin ABC PortalView Location (Satellite)Property Tax Records
Case #10817872

Zoning & Land Use

Current Zoning
GO-NP
Existing Use
Vacant
Proposed Use
Commercial Multi Family

Case Manager

👤
Michael Simmons-Smith
City of Austin Development Services

Explore Area

🏙️
AUSTIN
Directory by city
📮
ZIP 78705
Projects in this ZIP
🏛️
Council District 9
From site plan record

📌 Case Details

Case Number10817872
Case TypeSite Plan
Sub TypeSite Plan Administrative
Permit NumberSP-2012-0280C.SH
JurisdictionAUSTIN FULL PURPOSE
TCAD ID0212011415
Property RSN474776

🔗 Related Cases

Case #C14-2007-0262Case #C8I-05-0295Case #SP-06-0316C

Legal Description

1.120 AC OF OLT 24 DIVISION D

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