What is the timeline and current status of the projects?

Here is the development timetable with steps taken by the BOMC and DDA: 

  • May 2022: the BOMC and DDA entered into an Intergovernmental Agreement
  • January 2023: DDA entered into a development agreement with Fabric Developers, LLC and Healey Weatherholtz Properties for the Project 1 commercial development. Construction is scheduled to start in the fourth quarter of 2023 or early in 2024.
  • July 2023: DDA entered into a memorandum of understanding with Apsilon Hotels for Project 3: the hotel. 
  • The DDA will continue to discuss, develop and consider MOUs and contracts with the development teams in subsequent DDA meetings.

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?