Is this a done deal?

The development contract for Project 1, the Town Green commercial development, was signed in January of 2023 with the development team of Fabric Developers, LLC and Healey Weatherholtz Properties. Construction is on track to begin in the last quarter of 2023 or early 2024.

Concept plans for Project 2, the Town Homes, are developed. Since the construction of these units is dependent upon and would follow the construction of a parking deck, a development contract has not been written or signed. 

In July of 2023, the DDA entered a memorandum of understanding with developer Apsilon Hotels for Project 3, the hotel.

The city and the DDA are working with the development teams to determine the most cost-effective way to design, finance and stage the development of the parking deck.

These development proposals are still undergoing due diligence. We are unified in our excitement about these projects and remain cautiously optimistic.

Show All Answers

1. What are the proposed projects?
2. Why are these projects good for the City? As a resident, what’s in it for me?
3. Is there a hotel group associated with the boutique hotel and what size will it be?
4. Is this a done deal?
5. Who is approving the design of these buildings?
6. What are the financial implications?
7. How are you going to fund a parking deck that is reserved for the public?
8. Are the live-work units going to require a public investment?
9. Does the hotel need additional public investment?
10. What is the proposed structure for these public-private partnerships?
11. What is the timeline and current status of the projects?