Extension of Commencement Date for Parcel A: Uptown Landing Office of Economic Development September 3, 2019
Development Agreement Approved - May 9, 2017 Developer agreed to: • Purchase 4.6 acres for $300,000 • Invest a minimum $25,000,000 • Minimum 176 apartment units • Minimum 15,000 s.f. commercial space • Agree to maintenance agreement for public space
Project Milestones • Developer agreed to: Close on property by July 31, 2017 Begin construction on Douglas parcel (B) by September, 2017 • Begin construction on 1 st Street parcel (A) no later than May 1, 2019 • Complete project by May 1, 2020
Parcels Parcel A Parcel B
Site Plan
Parcel B - Completed Complete to Date: • Parcel B: • 19,000+ s.f. commercial • 51 high-end apartment units
Parcel B - Completed
Parcel A Developer working to expand and enhance second phase on Parcel A Requirements: • Minimum additional 125 high-end apartment units • Proposed new completion date by July 31, 2021
Parcel A – Design Concept
Recommended Action It is recommended that the City Council extend the Parcel A commencement deadline date to July 31, 2020 for the Uptown Landing project .
Extension of Commencement Date for Parcel A - Uptown Landing Office of Economic Development
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