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Council clears multiple development agreements to finalize property sales across city
Summary
Council approved several development agreements allowing closings on previously authorized property sales, including projects at 101 West Washington, 110 Spruce Street, 126 Kentucky Avenue, 704 & 706 Wesley Street, and 3.21 Witten Street (Pocahontas Island).
Petersburg City Council voted on a package of development agreements on April 28, finalizing previously authorized sales so developers may close and proceed with planned projects across downtown and Pocahontas Island.
Jeff Stokes, deputy city manager, told council these agreements follow earlier public hearings and purchase‑and‑sale approvals; the development agreements being considered are the final step to allow closings. The projects include a three‑story medical office at 101 West Washington (ECI Med 1 LLC), redevelopment at 110 Spruce Street (K & K Beginnings LLC), work at 126 Kentucky Avenue (Entrusted Visions LLC and FATCO Properties LLC), paired lots at 704 and 706 Wesley Street, and a parcel on Pocahontas Island (3.21 Witten Street, Newtown Station LLC).
Council members asked for and received clarification that the packages before them had already completed the initial public‑hearing steps required by state law; the council approved the development agreements on motion. Staff said the city is working to streamline the process so future buyers complete a more consolidated approval sequence rather than waiting months between sale approval and development agreement execution.
Council member comments praised the work as continuing neighborhood revitalization, especially in Ward 5 where multiple projects were cited. The approvals clear the way for developers to close on properties and move toward site work and construction.
