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Council unanimously approves Paragon residential development agreement and related rezoning
Summary
The council approved a development agreement with Kehoe Capital for the Paragon residential project, including affordability commitments (20% at 80% CMI, 5% at 60% CMI) and infrastructure to accommodate an overpass; the related rezoning for the site also passed.
The Eau Claire City Council unanimously approved a residential development agreement with Kehoe Capital (the Paragon project) and a companion rezoning ordinance for property on Old Town Hall Road, clearing the way for a multi-phase housing project that includes affordable units and provisions for infrastructure to support a future overpass.
City Attorney Nick described the project as a $60 million-minimum residential component of a larger set of proposals including adjacent commercial development ("the Sevens") with a…
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