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City staff recommends negotiating sale of historic 30220 2nd Street site to developer for an 8‑story mixed‑use project
Summary
Deputy director Emily Archer presented a negotiated sale proposal for 30220 2nd Street (the old library) that would enable an 8‑story, ~131‑unit development with a 4‑story parking deck; the developer would be responsible for building remediation/demolition and must show financing and obtain site plan approval before demolition is allowed.
Deputy director of economic development Emily Archer briefed council on a negotiated proposal for 30220 2nd Street, the city‑owned former library building on Pacific Avenue. The developer identified in the proposal is 20 First Street Properties LLC, represented by Tony Schmidt. Archer said the building sits on a 0.17‑acre parcel and that a development proposal submitted in response to an RFP calls for an eight‑story, approximately 131‑unit mixed‑use building with ground‑floor restaurant/retail and a four‑story parking deck, with an estimated capital investment of about…
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