The Hillsboro City Council convened on December 3, 2024, to discuss significant developments regarding the Block 67 redevelopment project. The meeting featured presentations from Economic and Community Development Director Dan Diaz and representatives from Coase Development, who provided updates on the progress and future plans for the site.

Diaz opened the discussion by highlighting the city's proactive approach to redeveloping Block 67, following the termination of negotiations with a previous development group. He emphasized the importance of aligning the project with various city policies aimed at enhancing downtown vibrancy, increasing housing options, and supporting local businesses. The site is located within the downtown urban renewal district, which allows for public financing through tax increment financing.

The community's input has been a crucial factor in shaping the redevelopment plans. Over the years, residents have expressed a strong desire for a grocery store, diverse housing options, and adequate parking. Diaz noted that the city has conducted market analyses to better understand the demand for grocery stores and housing in the area.

Coase Development's representatives, Kathy Raines and Josh Scott, outlined their vision for the project, which includes two buildings: one designated for age-restricted living and the other for workforce housing. The workforce housing component will feature 224 units aimed at individuals earning between 60% to 80% of the area median income. The project also plans to incorporate commercial spaces, including a grocery store, to meet community needs.

Scott emphasized the importance of affordable housing and the company's commitment to maintaining rents within the specified income range. He highlighted the project's focus on transit-oriented development, ensuring accessibility for residents who may not own vehicles.

The proposed development will include approximately 333 rental units, with a mix of studio, one-bedroom, and two-bedroom apartments. The design aims to balance open space and parking, with plans for around 114 parking spaces to accommodate both residents and visitors.

The city plans to support the project financially by reducing the land purchase price to $1 and offering a 10-year property tax abatement. This financial assistance is intended to enhance the project's feasibility and ensure it meets community needs.

Looking ahead, the city will host a public open house to provide further details about the project and engage with the community. The development and disposition agreement is expected to be finalized soon, paving the way for the necessary land use processes and permitting.

In summary, the Hillsboro City Council's meeting underscored the city's commitment to revitalizing Block 67 through community-driven development, with a focus on affordable housing and local amenities. The collaboration with Coase Development marks a significant step toward fulfilling the community's housing and commercial needs.