In 2017-2018, the City held a design competition for the development of the 11,506 square
foot Downtown Park Remnant Property on the west side of 161st Ave. NE, betweenRedmond Way and Cleveland St.
The City’s goal for the remnant property is to encourage development that: 1. Provides a significant architectural contribution and gateway for Downtown, 2. Is compatible with the design and use of the Downtown Park, and 3. Activates and enlivens the Downtown Park and the surrounding neighborhood.
After reviewing proposals submitted by several developers, the City selected Main Street Property
Group (MSPG) to develop the property because their design most closely met the City’s development goals.
On August 21, 2018, the City Council approved selling the property to MSPG and on November 27, 2018 the Mayor signed a Purchase and Sale Agreement (PSA) to sell the property for $2,056,956.
In addition to purchasing the remnant property from the City, MSPG is buying two adjacent parcels from William Johnson, with the intention to build a multi-story mixed-use project with approximately 80 residential units, 7,000 square feet of retail space and over 80 parking spaces on a site totaling 30,106 square feet.
Under the terms of the PSA, MSPG will reserve no less than 30 parking spaces for public use under a shared-use agreement. The parking spaces will be available for those using the Downtown Park. Combining the City remnant with the Johnson parcels provides significant benefits for the City, including, more efficient use of the land, an architecturally unified building design in a highly visible area of Downtown, public parking for the Downtown Park and a higher return from the sale of the properties.
Councilmember David Carson praised the project saying that people had complained there was a parking shortage.next to the park.
-- Reported by Yoder
Source 5/19 Regular Meeting Memo
The City’s goal for the remnant property is to encourage development that: 1. Provides a significant architectural contribution and gateway for Downtown, 2. Is compatible with the design and use of the Downtown Park, and 3. Activates and enlivens the Downtown Park and the surrounding neighborhood.
After reviewing proposals submitted by several developers, the City selected Main Street Property
Group (MSPG) to develop the property because their design most closely met the City’s development goals.
On August 21, 2018, the City Council approved selling the property to MSPG and on November 27, 2018 the Mayor signed a Purchase and Sale Agreement (PSA) to sell the property for $2,056,956.
In addition to purchasing the remnant property from the City, MSPG is buying two adjacent parcels from William Johnson, with the intention to build a multi-story mixed-use project with approximately 80 residential units, 7,000 square feet of retail space and over 80 parking spaces on a site totaling 30,106 square feet.
Under the terms of the PSA, MSPG will reserve no less than 30 parking spaces for public use under a shared-use agreement. The parking spaces will be available for those using the Downtown Park. Combining the City remnant with the Johnson parcels provides significant benefits for the City, including, more efficient use of the land, an architecturally unified building design in a highly visible area of Downtown, public parking for the Downtown Park and a higher return from the sale of the properties.
Councilmember David Carson praised the project saying that people had complained there was a parking shortage.next to the park.
-- Reported by Yoder
Source 5/19 Regular Meeting Memo
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