3rd and Broadway Mixed-Use Development

Elevations, Renderings, Plans & Photos:

Project Description:

On September 16, 2014, the City Council directed the Planning and Building Agency to release a Request for Qualifications (RFQ) for the Third and Broadway Development Project. The RFQ outlined several project components desired by the City Council. Among the components of the new projects was a desire to include a hotel/hospitality component. Five proposals were received and only the Caribou Industries, Inc. proposal included a hotel. The City has entered into an Exclusive Negotiation Agreement with Caribou Industries, Inc.

The applicant, Caribou Industries, Inc., is proposing to construct a mixed-use development project including two buildings 171-unit residential building with 14,816 square feet of retail (Building A) and a 75-room hotel (Building B). Building A will include the construction of public parking spaces (211 spaces) to replace the existing public parking and on-site inclusionary housing units. Sycamore Street is proposed to be reconnected to 3rd & 4th Streets. The project will require environmental review, Site Plan Review, a Tentative Parcel Map, Density Bonus Agreement and Development Agreement.