Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Real Estate Disposition topic
No spam. Unsubscribe anytime.
City agrees to sell 0.41-acre parcel at 1150 West Owens for community-focused redevelopment
Summary
The City Council approved a disposition and development agreement to sell a vacant 0.41-acre city parcel at the northeast corner of J Street and West Owens Avenue to a local developer, with plans for a small commercial/community training building and a developer performance schedule calling for groundbreaking this fall and completion in 2026.
The City Council voted May 21 to approve a disposition and development agreement to sell 0.41 acres at the northeast corner of J Street and West Owens Avenue to a developer who plans a two-tenant, community-oriented building and a neighborhood-focused tenant mix.
The council’s economic development director presented the item and said the site is vacant and has been unsuccessfully offered for auction twice. Zena Babsky, director of Economic and Urban Development, said the city will sell the parcel for $114,000 once the developer completes predevelopment steps and pulls building permits, and that the performance schedule calls for groundbreaking this fall with completion in 2026.
Developer Myisha Boyce told the council her firm focuses on community programming and called the project “incredibly important to reinvest in communities in which we come from.” Architect Melvin Green described the building as about 4,198 square feet with two tenant spaces: a roughly 1,600-square-foot community training/flex space and a second space intended for office, production and conference functions.
Council members described the corner as long-vacant and welcomed the proposed mix of training, jobs and small-business space. Councilwoman Summers Armstrong moved approval of the related disposition and development agreement item on the agenda and the council voted to pass the motion.
The development agreement requires the developer to complete standard predevelopment work and building permits before the city transfers title; the council did not set more-detailed incentive terms beyond the sale price and the performance schedule stated at the hearing.
The project proponents and city staff said they expect the sale to advance local commercial activity and provide a neighborhood training resource. No litigation, appeals, or competing proposals were raised during the public hearing.
The sale and associated development agreement were approved in a single council vote. Staff will monitor whether the developer meets the predevelopment milestones that trigger closing and conveyance.
