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Commission confirms Main & Fourth allocation area for Ardalan Plaza, approves project agreement terms
Summary
The commission approved the Main & Fourth Avenue confirmatory resolution for the Ardalan Plaza project and authorized a project agreement that includes CRC contribution of two parcels and an early-access provision for the developer.
The Carmel Redevelopment Commission approved the confirmatory resolution creating the Main & Fourth Avenue allocation area for the Ardalan Plaza project and approved a project agreement memorializing the developer’s obligations, site contributions and early access terms.
Mr. Lee described the allocation area as the four parcels in the project’s north portion, noting the project…
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