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Developer seeks $2.75M in incentives for mixed-use project at former Delwood Tire site
Summary
Staff presented a proposal for a three-story, mixed-use development at 711 S. State St. (former Delwood Tire) by Ford Development; the developer estimates a roughly $9.8 million project with 31 apartments and commercial space and seeks $275,000 per year for 10 years in incentives, contingent on planning approvals.
City staff presented CA2 (Resolution 26-018) proposing a real estate purchase agreement for 711 South State Street (the former Delwood Tire property) with 4 Real Estate Holdings LLC (Ford Development). The proposal envisions a three-story mixed-use building—staff said approximately 36,000 square feet, with 31 apartments, commercial retail space, and about 39 parking spaces—at an estimated cost of…
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