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Fitchburg updates on development projects: TIF agreement approved, Bowman Plaza revision and senior housing starts
Summary
Staff briefed the committee on recent housing and economic development activity: council approved a $9.8M pay‑as‑you‑go TIF developer agreement for a clean‑fill site expected to yield ~104M valuation, Bowman Plaza redevelopment costs rose to $77M with proposed TIF support, and Oakridge senior housing and a dementia village project were reported as moving forward.
City staff provided a series of housing and economic development updates to the committee, reporting on TIF developments, upcoming project timelines and recent groundbreakings.
Joyce and Mike told the committee the council approved a $9.8 million pay‑as‑you‑go TIF developer agreement for the clean‑fill site between Highway 14 and McKee Road (developer Mark Fairchild). At full buildout the project was described as potentially generating about $104 million in valuation and would include two multifamily buildings (about 325 units), a 119‑unit continuum‑of‑care facility by Trilogy Health, approximately 40 single‑family lots and roughly 40 townhome ownership units.
Staff also said the Bowman Plaza redevelopment project on North Fish Hatchery Road has seen a cost increase from $70 million to $77 million; staff proposed TIF support up to approximately $7 million subject to council approval, with demolition expected in July and phased occupancy in early 2028 if the project proceeds.
The Jamestown Quarry TID amendment and project plan amendment advanced to the joint review board to allow a retail center and an additional apartment building (about 270 units). Oakridge senior housing (80 affordable units) was reported to be breaking ground, and staff pointed to May’s dementia‑village groundbreaking as another active housing project to watch.
Committee business concluded with reappointments to the committee (Olivia Perry and Brian Shimming), a reminder of the June 25 joint meeting with CEDA and a note that the next committee meeting is scheduled for August 10. Because the committee did not have quorum at this meeting, these items were informational updates rather than formal actions taken by the committee.
