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Redevelopment agency adopts intent to sell 14 East Henderson parcels to Crystal Bay Advisors
Summary
The Henderson Redevelopment Agency adopted a resolution declaring its intent to sell 14 parcels (about 2.46 acres) in the East Henderson redevelopment area to Crystal Bay Advisors/CB Bay LLC; the proposed project is a $13.3 million, roughly 45-unit townhome development contingent on entitlements and permits.
Chair Romero called the Henderson Redevelopment Agency to order and the board adopted a resolution declaring the agency’s intent to sell 14 parcels totaling approximately 2.46 acres in the East Henderson redevelopment area to Crystal Bay Advisors and CB Bay LLC.
Anthony Malloy, Director of Redevelopment, told the board the agency acquired the parcels in 2007–2008 to address physical blight and demolished older fourplexes on the sites. “Crystal Bay Advisors is proposing the investment of $13,300,000 in a townhome development that will consist of approximately 45 residential units on the entire 2.46 acre site,” Malloy said. He described the product as two‑ and three‑bedroom, for‑sale townhomes ranging from about 806 to 1,625 square feet with anticipated…
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