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Developer offers to buy Spotswood Drive lot, proposes 12-unit condominium project
Summary
Developer Peter Sills presented a concept to redevelop a city-owned parcel on Spotswood Drive into 12 condominium units valued at about $5 million and said he would offer the appraised value (~$120,000) for the property pending approvals; council asked for follow-up from city staff. (Provenance: SEG 1110–SEG 1393)
Peter Sills told council he has studied a little-over-two-acre city-owned parcel on Spotswood Drive near the hospital and proposed a responsible, low-rise condominium development totaling 12 units and roughly $5,000,000 in project value. He said the scheme consists of two larger buildings and two smaller structures (twelve units in total) and that he would be willing to pay the tax-appraised value for the property — “somewhere around a $120,000” — subject to…
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