DATE: November 2, 2020
TO: Council Economic Development Committee
FROM: Deputy City Manager
SUBJECT
Title
Discussion of Mission Crossings Project Commercial Frontage
End
RECOMMENDATION
Recommendation
That the Council Economic Development Committee reviews the report and provides feedback on the proposal from the applicant.
End
SUMMARY
The Mission Crossings project was approved in May 2017 and shortly thereafter, the applicant and ownership began moving toward obtaining construction permits to realize the project. While the entire site has been graded and prepped for construction, the only vertical construction that has moved forward to date is construction of the residential units and the common open space/garden area. Per a condition of approval related to construction phasing, the residential component is tied to eventual construction of the hotel and commercial component. The disruption to the hotel development and financing markets due to the COVID-19 pandemic has resulted in the infeasibility of moving forward with the construction of the hotel and associated retail components of the project at this time. This leaves many partially constructed residential units and a potentially unsafe active construction site. At the November 2 CEDC meeting, the applicant will be proposing options for consideration in exchange for relief from the phasing condition and seeking CEDC feedback.
ATTACHMENTS
Attachment I Staff Report