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Council hears linked rezoning and development agreement for townhomes tied to Walmart project
Summary
Planning staff and developers outlined a rezoning and development agreement for 1870 S. 500 W. that would allow 150 rental townhomes as buffering housing contingent on Walmart proceeding; staff said permits for homes would be tied to Walmart milestones and the agreement runs with the land.
Planning supervisor Aaron Ardmore introduced a general-plan map amendment and zone-map change for 1870 South 500 West to permit low-density residential townhomes tied to the adjacent Walmart proposal.
Ardmore and developer representatives said the rezoning and a draft development agreement are contractually linked to Walmart's progress: foundation inspections or other benchmarks must be met on Walmart before permits can be issued for the townhome component, and the development agreement contains reversal provisions and successor-owner obligations should Walmart not proceed. Developers said 150 rental two-bedroom and three-bedroom townhomes are proposed with more than 2.5 acres of open space, private streets with public access easements, and a retail fronting Lakeview driven by parking and frontage constraints.
Councilors pressed developers on product mix and affordability, asking whether for-sale units or condominium options could be required to increase ownership opportunities. Developers said market conditions, financing, and proximity to Walmart docks make for-sale units less viable today and that the rental product targets family rental options not typical apartments.
City staff emphasized protections in the draft development agreement and said they would return with a term sheet and formal recommendation in January. The planning commission had already reviewed the applications at a prior meeting and recommended conditional approval.
Next procedural step: staff said the rezoning and related development agreement will return for a formal hearing on Jan. 13, 2026, along with the CRA materials and a draft development agreement.
