Council will consider restarting negotiations to develop the city owned property at 4th and Arizona following a delay caused by questions over the land’s status.
Staff are asking the council to provide direction on the property at their June 23 meeting. Their options include restarting negotiations as they were earlier this year, abandoning current plans for the site or restarting talks with an altered set of priorities.
According to the staff report, the current project is up to 11 stories (129 feet in height) with up to 240 hotel rooms, no more than 106,800 square feet (SF) of creative workspace, 42,000 SF of ground-floor retail space, and 820 parking spaces within a three-level subterranean garage.
Read More: https://www.smdp.com/council-to-consider-restarting-plaza-negotiations/193318