Zoning Commission grants one‑year PUD time extension for 801 Main Avenue amid financing concerns
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Summary
The commission approved a one‑year extension for the consolidated PUD at 801 Main Avenue (Z.C. Case No. 22‑06B), extending the permit deadline to March 5, 2027, after the applicant cited difficulties securing financing due to high interest rates and construction costs.
The Zoning Commission approved a one‑year time extension for the consolidated PUD at 801 Main Avenue, extending the deadline to obtain a building permit to March 5, 2027 and the start of construction to March 5, 2028.
Office of Planning (Michelle) told the Commission the applicant has faced difficulty securing financing and possibly an equity partner because of high interest rates and elevated construction costs. Commissioners said the reasons provided constituted good cause for a short extension; Vice Chair Miller specifically noted the project includes nearly 500 residential units with 75 inclusionary zoning units. Commissioner Stidham moved approval of the one‑year extension; the Commission approved by roll call 4‑0‑1, the minus‑one being Commissioner Imamura not present and not voting.
The extension preserves the applicant's development timetable for the near term and keeps the case active while the applicant continues to secure financing and addresses court appeals referenced in the record.