Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves Alexander Company—s plan for 734 South Elm: 128 apartments and retail potential cleared to move forward
Summary
The Greensboro City Council approved a sales development agreement with the Alexander Company for 734 South Elm, authorizing a 90‑day inspection period and directing next steps for financing and design review. The proposal includes 128 apartments, future retail (grocery‑sized floor plates) and parking; financing depends on LIHTC outcomes.
The Greensboro City Council unanimously approved a sales development agreement on Dec. 16 that allows the Alexander Company to pursue redevelopment of 734 South Elm into a mixed-income project that includes 128 apartment units and space sized for future retail, including a potential grocery anchor.
Russ Clay of the city—s long-range planning division summarized the agreement—s structure: a sales price slightly above $2.5 million based on recent appraisal, a $30,000 deposit (becomes nonrefundable after the inspection period), a 90‑day due-diligence and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
