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Council authorizes negotiations with two CRA developers: boutique hotel concept and Chipotle-led retail plan
Summary
Council directed the city manager and attorney to negotiate sale/contract terms with two vetted bidders for Community Redevelopment Area (CRA) parcels: a boutique hotel and mixed retail proposal for one parcel and a Chipotle-led retail/drive-pickup proposal for another; both bidders presented concepts and confirmed site interest.
Council members on Sept. 20 authorized the city manager and city attorney to proceed to negotiate sale or development agreements with two vetted proposers for separate parcels in the Community Redevelopment Area.
Colonel Worthman and the city's brokerage team presented two finalists following a public solicitation. The first proposal, advanced by local investor Suhail Rafay and a development team led by architect Brad Smith, would convert an L-shaped parcel near River Hills Drive into a boutique hotel of about 72 rooms with limited retail/food-and-beverage frontage and a rooftop…
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