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Commission approves first reading of 4th Street Village PD amendment with reduced commercial cap and developer commitment
Summary
Commission approved first reading of Ordinance 2026‑06 amending the 4th Street Village planned development: commercial square footage cut to 73,516 sq ft, multifamily consolidated to one 190‑unit building, tree mitigation of 1,224 inches required and the developer proposed a binding commitment to complete at least 30,000 sq ft of commercial/dark shell before issuing a CO for multifamily.
On Oct. 28 the Town Commission approved first reading of Ordinance 2026‑06, a major amendment to the 4th Street Village planned development that reconfigures commercial placement, reduces commercial square footage and consolidates multifamily units.
Town staff and the developer described the revisions as consistent with the project's 2024 approval but adjusted to market demand: commercial/office square footage was reduced from an earlier allowance of roughly 150,000 sq ft to a new maximum of 73,516 sq ft, while the multifamily component remains at 190…
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