150-unit apartment project proposed on Agua Fría St.

Four acres of land on Agua Fría Street may eventually be home to a new apartment complex anchored by a small commercial space if all approvals are given.

An undisclosed developer represented by the development management firm JenkinsGavin is proposing a three-story, 150-unit apartment complex, likely to feature a small cafe, at 2768 Agua Fría St. The announcement to develop the land, which now sits vacant, came at an early neighborhood notification meeting in late February.

Jennifer Jenkins, principal at JenkinsGavin, said the project still has a ways to go — including the submission of a master plan rezoning applications. These are likely to be sent to the city in the next two to three months, she said.

“Usually around two to three months after we submit that application, it goes through a very thorough city review process,” Jenkins said. “And then once that city review process is complete, then we would go to the Planning Commission … [which] would make a recommendation to the City Council.”

The architect on the project is Santa Fe-based Architectural Alliance. The property’s owner, according to a records search, is the Cold Water Development Fund.

Jenkins said the project will feature a pool and children’s play equipment amenities, as well as a dog park on the south end of the property. She said a traffic study in partnership with the city’s Public Works Department is being conducted at a few cross streets, including Siler Road and Agua Fría Street.

The traffic study aims to see if the roads are “going to function acceptably based upon what we’ve called the build condition,” Jenkins said.

The announcement to develop the land, which now sits vacant, came at an early neighborhood notification meeting in late February.