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Center Street Affordable Housing Redevelopment

At a glance

  • What: A 198-unit all-affordable project at 2501 Center Street: demolition of two buildings, a new 180-unit apartment complex and 18 townhomes, leased to income-qualified households. ORD. 44833 approved the TIF redevelopment agreement with 2501CENTEROWNER LLC, using up to $3,613,528 (including capitalized interest) of excess ad valorem taxes.
  • Where it stands: TIF agreement passed October 20, 2026 on the consent ordinances, 5-0. Companion land use items had first reading October 20 and are set for third reading, hearing and vote November 3, 2026.
  • Next: November 3 vote on the rezonings, master plan change, plats and subdivision agreement.

TIF agreement (ORD. 44833)

At the October 6 public hearing Agarwal (applicant for 2501CENTEROWNER LLC) spoke in support, Storer spoke in opposition, and Hadley of the Planning Department spoke for the City. A communication in opposition was attached. On October 20 Festersen moved and Hug seconded the consent ordinances including this one; 5-0.

Land use items (first reading October 20, 2026)

  • ORD. 44850 rezones property west of 25th Avenue and Center Street from R7 and HI Heavy Industrial to R7.
  • ORD. 44851 rezones the same property to R8 High-Density Multiple-Family; Planning Board and Planning Department recommend approval.
  • ORD. 44852 creates a PUR Planned Unit Redevelopment overlay and approves the development plan.
  • ORD. 44853 amends the Future Land Use Element of the Master Plan from Industrial to High Density Residential.
  • RES. 2026-0810 (preliminary plat), 2026-0811 (final plat) and 2026-0812 (subdivision agreement, with the City paying 50 percent of certain street improvements, currently estimated at $479,750) were laid over to November 3 to coincide with the ordinances.

Sources

Log

2026-10-20 - City Council

TIF agreement approved 5-0 on consent. First reading of ORD. 44850 through 44853; plats and subdivision agreement laid over to November 3.

2026-10-06 - City Council

Public hearing on the TIF agreement: one proponent, one opponent, Hadley for the City.

2026-09-29 - City Council

Second reading and hearing set for October 6 (listed as first reading, non-action).

2026-10-06 - City Council

Public hearing on the TIF agreement: 198 affordable units (180 apartments and 18 townhomes), about $57 to 58 million total investment, 15-year affordability guarantee; one opponent spoke; vote expected the following week.