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Developer Selected for Hamilton Commissary Parcel

Post Date:01/23/2019 2:52 PM

At their regular meeting on January 15, the City Council directed Staff to proceed with exclusive negotiations with City Ventures for the purchase of the Commissary parcel. City Ventures’ proposal to purchase and redevelop the Commissary site with approximately 81 townhomes and a 1 acre public park was selected over various other proposals received in response to the Request for Proposals the City issued for the site last year. The proposed purchase price for the land is $6.156M.

City Ventures’ proposal was selected after an extensive public process including a community workshop at the Hamilton Community Center, an online survey to receive public input and two City Council Meetings during which four proposals were presented and reviewed by the Council and members of the community. Those proposals included a senior housing facility from Avesta Development, another townhome proposal from Tim Lewis Communities, and a mix of rental and for-sale residential proposed by EAH Housing.

Staff will negotiate the details of the sale to City Ventures under an Exclusive Right to Negotiate over the next few months. The final Purchase and Sale Agreement will then be reviewed and considered by the Council in a future Council Meeting. If Council approves the negotiated terms of sale, the project would then move forward with the City’s standard entitlements process, which will involve at least six additional public meetings during which the community will have the opportunity to provide feedback on the developing project design.

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Conceptual Design by City Ventures

Image of City Ventures Conceptual Design