Downtown Developments

1221 Broadway - The 1221 Broadway is a $46 million mixed use development located in River North in District 2. The project consists of 307 market rate apartments, 12,161 square feet of retail, and 64,296 square feet of office space and includes approximately $2 million in public improvements. The project commenced construction in spring 2010 and will be open in late summer 2011.

On June 24, 2010 City Council authorized the following:

Fee waivers in the amount of $562,759; and

Economic Development Grant in the amount of $2,900,450.

Can Plant Apartments - The Can Plant Apartments is a $27 million development located in the Pearl Brewery and District 1. The project consists of 211 market rate housing units and includes $624,078 in public improvements. The project commenced construction in November 2010 and will be open in spring 2012.

On September 2, 2010 City Council authorized the following:

Fee waivers in the amount of $372,316; and

Economic Development Grant in the amount of $2,268,951.

ButterKrust Redevelopment - The ButterKrust Redevelopment is a $23 million redevelopment of the ButterKrust Bakery located in District 2. The project is expected to office 250 employees of which 125 are a result of the relocation of the C.H. Guenther Headquarters. The project includes approximately $1,511,150 in public improvements. Construction commenced on the project in January 2011 and is set to open in January 2012.

On December 9, 2010 City Council authorized the following:

Fee waivers in the amount of $220,000; and

Economic Development Grant in the amount of $2,468,150.

1111 Austin Highway - The Austin Highway project is a $35 million housing development located on Austin Highway near Fort Sam Houston in District 10. The project consists of 278 market rate apartment units and 431 parking spaces and includes approximately $950,000 in public improvements. The project will commence construction in fall 2011.

On April 7, 2011 City Council authorized the following:

Fee waivers in the amount of $353,573.60; and

Economic Development Grant in the amount of $2,717,976.40.

The Mosaic - The Mosaic is a $21 million multi family housing development consisting of 108 market rate apartment units and 12 1-bedroom affordable units located in District 2. The project includes 11,700 square feet of commercial space and approximately $294,262 in public improvements. The project will commence construction in fall 2011 and will open in early 2013.

On April 7, 2011 City Council authorized the following:

Fee waivers in the amount of $319,946; and

Economic Development Grant in the amount of $1,557,602.

Pearl Parkway North and South - The Pearl Parkway North and South is a $35 million mixed-use development consisting of residential and retail space in the Pearl Brewery located in District 2. The project consists of 82 market rate housing units, 42,581 square feet of ground floor retail space, and 44,245 square feet of office space on the two floors above. The project will add 221 office jobs and 229 restaurant and retail jobs. Construction will commence on the project in fall 2011 and will open in spring 2013.

On April 7, 2011 City Council authorized the following:

Fee waivers in the amount of $461,890; and

Economic Development Grant in the amount of $3,107,289.

1800 Broadway - The 1800 Broadway project is a $28 million multi family housing development located on Broadway in District 2. The project consists of 221 market rate housing units and 4800-6800 square feet of retail/commercial space and includes $855,891 in public improvements. Construction will commence in late summer 2011 and open in late 2012.

On April 7, 2011 City Council authorized the following:

Fee waivers in the amount of $354,897; and

Economic Development Grant in the amount of $2,901,669.10.

Steel House Lofts - The Steel House Lofts is a $10.9 million mixed-use development that consists of 67 market rate apartments, 2500 square feet of commercial office space and includes $719,962 in public improvements. The project will commence construction in summer 2011 and open in December 2012.

On May 19, 2011 City Council authorized the following:

City fee waivers in the amount of $247,432; and

Economic Development Grant in the amount of $828,962.

Camden Medical Center - The Camden Medical Center is a $5.7 million investment with 22,000 square feet of medical office space located in District 1. The medical office will provide outpatient diagnostic and treatment services as well as a state of the art research facility. The medical center will retain 45 jobs and create 40 new jobs in the center city.

On June 9, 2011 City Council authorized the following:

Fee waivers in the amount of $28,406.36;

Economic Development Grant in the amount of $433,973.46; and

10-year 100% Tax Abatement valued at $309,802 planned investment.