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Three developers propose competing plans for Fisher Property, seek city incentives
Summary
At an Oct. 23 work session, three developer teams presented proposals to build roughly 22 single-family homes on the Fisher Property in Athens, asking for land, utilities, fee waivers, or matching buyer incentives; council asked questions but took no formal action.
Three development teams presented competing plans for the Fisher Property during an Athens City Council work session on Oct. 23, 2025, asking the city for land, utility connections and other incentives to bring roughly 22 single-family homes to the market.
City Manager Elizabeth Borstad opened the segment explaining staff had solicited requests for proposals. Edgar Bobadilla, a real estate professional, proposed entry-level 3-bedroom, 2-bath homes of about 1,100 square feet and said similar homes had sold for "$195,000-$200,000." He said his plan would target first-time buyers and estimated "monthly mortgage payments around $1,500-$1,600," asking the city for a donation of land, water and sewer taps, and land-preparation assistance to keep prices affordable.
Corey Toney of Established Investors Inc. and project developer Jazz Anderson pitched a design-build approach with larger homes (1,700–2,400 square feet), sustainable features such as solar panels and spray-foam insulation, and an overall development cost they estimated at about $5.8 million. Anderson requested roughly $363,000 for infrastructure (water, sewer, electrical and paving) and proposed a $6,000 home-buyer incentive per house, asking the city to match that amount to assist buyers in the 60–80% area median income band.
Herman Hill and Alvar Centers of Serra Real Estate Capital proposed a four-phase plan to deliver 22 attainable homes (1,400–1,700 square feet) for working families, with an initial model in which the city would fund the first three homes outright ("City funds 100% of first 3 homes (~$230K each)") and sale proceeds would finance later phases. Their list of requested incentives included utilities and roadwork completion, tap and permit fee waivers, and extensions for power and communications infrastructure.
Council members and members of the public asked questions about timelines, material quality, landscaping and the use of local subcontractors. Presenters said they would use local subcontractors where feasible and outlined phased construction schedules; no formal vote or contract award was recorded during the session.
The work session record does not reflect any decision or motion to accept a proposal; staff and council will retain the proposals as part of the project record for future consideration.
