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Developers revise 1 East College plan to improve financeability; parking and TIF remain central issues
Summary
The 1 East College redevelopment team described a revised mixed‑use wrap design that reduces high‑rise elements, increases office space to enable separate financing legs and leans on HUD 221(d) and TIF support for a structured parking garage. Commissioners pressed on parking management, public parking, and the condition and reuse of the historic church.
The development team presented revisions to the 1 East College mixed‑use project centered on making the previously proposed parking‑wrapped condos and retail more financeable in the current market.
"1 East College is a mixed use class a development," architect Bart Klein said, describing a wrap design in which apartments, condos and office/retail would conceal a central parking structure. The team said it had reworked the program to reduce exposed high‑rise elements, move to 6–8 story…
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