Yes. In 2012, the U.S. Department of Housing and Urban Development (HUD) awarded the City of Austin a Community Challenge Planning Grant through the Sustainable Communities Initiative to develop a plan for the 208-acre City-owned property at the heart of the Colony Park, Lakeside, and Parker Station neighborhoods.

This vision was outlined in a master plan for the Colony Park Sustainable Community, and after additional community input, the community is now known simply as Colony Park.