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Developer presents Signature 55 active‑adult project; council to refer TIF and land-transfer items to Land Use committee
Summary
Rebar Development introduced an $88 million, 200‑unit active‑adult project on Old Meridian; council moved the developer TIF bond authorization and a resolution to accept city land for a park to the Land Use committee for further review.
Developer representatives described the Signature 55 project and related park components during the Aug. 18 council meeting and the council voted to send the related ordinances and resolution to the Land Use committee for committee-level review.
Project basics
Tom Dicke, president and CEO of Rebar Development, presented a concept for a Signature 55 active‑adult rental community on the east side of Old Meridian, south of Main Street. The developer described a 200‑unit, age‑restricted building with about 12,000 square feet of amenity space, high-end finishes and programming aimed at both couples and single active adults. Dicke said the product is targeted to the “healthiest and…
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