Verona hears two competing Range Trail proposals; council asks staff for comparative analysis
Developers Fiduciary Real Estate and Cascade Development made competing proposals for the city‑owned 20‑acre Range Trail site. Council did not select a developer and asked staff to return with comparative unit‑count scenarios, price‑per‑unit math, traffic‑impact guidance and other clarifications before a decision.
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Fiduciary Real Estate (Tony DeRosa) presented the Reserve at Range Trail, a 329‑unit mixed multifamily proposal the company described as a market‑rate community with a range of 2‑ and 3‑story buildings, 55% green space, a step‑down transition to adjacent single‑family homes and a purchase‑price approach of approximately $17,500 per unit.
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