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Council approves sale and redevelopment plan for Manchester Hotel and Sunshine Building with $4 million incentive
Summary
Council approved an emergency first reading to authorize a development agreement selling the Manchester Hotel and Sunshine Building to Manchester Apartments LLC; staff said the proposal includes at least 100 residential units, up to 15,000 sq ft of commercial space, and an initial $4 million grant alongside a proposed 30‑year TIF.
Council approved an ordinance on April 7 authorizing a development agreement to sell the Manchester Hotel and Sunshine Building to Manchester Apartments LLC for redevelopment into a mixed‑use project.
Staff reported CMC Properties LLC (identified in the staff report as the proposal respondent) put forward a plan for at least 100 residential units, up to 15,000 square feet of commercial space and approximately 250 parking…
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