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Catalyst proposes 600-unit mixed-use Midtown development; council to hear draft agreement
Summary
Staff and Catalyst Community Development presented a proposed mixed-use Midtown project with a minimum of 600 residential units, retail including a grocery, a 140'160-key hotel and office space; staff said the draft development agreement will be posted for two required public hearings.
City Manager Loyne and the developer laid out a high-level plan for a mixed-use project on the city's Midtown/press site and told council members a draft development agreement will be published and scheduled for the mandatory two public hearings.
"The proposed project as you know is a mixed use development with a minimum of 600 residential units, up to 50,000 square feet of retail space, a grocery store, 140 to 160 key hotel, up to 150,000 square feet of office space and 2 parking garages," City Manager Loyne said, summarizing the developer's scope and the city's expected commitments on public infrastructure.
Joe Benora of Catalyst Community Development described the residential plan in slightly different terms: "Right now, as our plan's laid out, it's 580 units between 2 separate buildings," and said the team was still refining the design and financing.
Staff said the developer would be responsible for horizontal site work (demolition, grading, underground utilities, interior streets and sidewalks), must pursue rezoning from commercial-intensive to a planned unit development (PUD), and that statutory requirements call for two council hearings. City staff described the timeline as follows: a due-diligence period up to 180 days and a rezoning application to be filed within the drafter-listed window after that review.
Council members pressed for contract protections: one asked whether a deposit would be required while the city removed the site from the market. Staff clarified the legal difference between a purchase-and-sale agreement (which normally carries a deposit refundable through the due-diligence period) and the separate development agreement (which, as discussed, does not itself require a deposit under the city's stated interpretation).
No formal vote was taken; staff said the draft development agreement will be returned to council on the next agenda and that the city will advertise the two public hearings required by statute.
