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Johnston council approves development agreement and 5-year TIF rebate for new 20,000 sq. ft. industrial/office building
Summary
Council approved resolution 25-47 for a development agreement with Homes by Advantage LLC to construct a roughly 20,000 sq. ft., 6–8-bay building at 5950 NW Beaver Drive with a 5-year, 50% TIF rebate not to exceed $200,000; developer agreed to higher-quality materials and finished office buildouts in bays and a minimum of 16 jobs.
The Johnston City Council on Feb. 18 approved resolution 25-47, authorizing a development agreement with Homes by Advantage LLC for a new project at 5950 Northwest Beaver Drive in the East Central Urban Renewal Area.
Staff said the agreement covers a roughly 20,000-square-foot building with six to eight individual bays that will be deeded as condo units and offered to separate buyers or tenants. The developer, identified in staff remarks as Mark Bradley (owner, Homes by Advantage…
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