Severance explores downtown overhaul, potential full‑building lease with Pivot Structures
Town staff presented a Severance Square concept and proposed terms to extend and expand Pivot Structures’ lease, asking council for guidance on a public‑private partnership, parking layout and funding for capital work. Council signaled support to study costs and return with firm terms.
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Town Manager Mr. Wood told the council Tuesday night the town has been studying downtown ideas for two years and brought a three‑part proposal: set policy for downtown redevelopment, decide whether to renew and expand the lease with current tenant Pivot Structures, and outline a management concept for a multi‑use Severance Square. He said Pivot currently holds a month‑to‑month lease for roughly 5,000 square feet (Unit B) with base rent of about $3,272 and that discussions with owner Jeff Hansworth indicate the company “would like to make Severance their permanent home.”
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