Council approves sale and redevelopment agreements for East Capitol Avenue properties; small-unit residential projects proposed

The council approved real-estate sale and development agreements for properties acquired under the East Capitol Avenue redevelopment program and discussed design and parking for the proposed residential infill projects.

Staff presented the background on the city’s East Capitol Avenue acquisitions and said most lots acquired along the corridor have been awarded to new owners for redevelopment. The council approved a sale and development agreement for 212 Jackson Street with Jackson Street QOZ LLC for a purchase price listed at $8,400; staff said the buyer proposes at least two residential units on the lot. Separately, the council approved a sale and development agreement for 528 East Capitol Avenue to an entity identified as 526 Octo Plugs LLC for $24,000; staff said the redevelopment plan would allow up to three residential units on that property and that the developer believes three units may be feasible.

Council members asked about on-site parking and whether proposed projects could use on-street parking allowances; staff said the designs were intended to meet the city’s current parking requirements and noted a recent change in the planning code that reduced parking requirements to 1.5 spaces per unit in some cases. The approved agreements include standard transfer and development provisions; staff said redevelopment agreements generally transfer with the property if subsequent sales occur but that any proposed changes to approved development plans would require council review.