Just over a year after an agreement for a proposed townhome development in Mound’s downtown Harbor District fell through, the city is once again at the edge of finalizing a new proposal, this for a 52-unit cooperative living development that is expected to generate more than $192,000 annually in tax revenue.
The city took a deliberate step forward June 23 when city council members agreed 4-1 to have a purchase agreement drafted for selling roughly 2.4 acres of now empty land to developer Lifestyle Communities. Council is expected to review the agreement later this month or early in August.
The proposal differs from the original reviewed by council in February. Scaled down from 55 units to 52, the proposal still shows a building four stories high but now with a T-shaped footprint that Ben Landhauser, vice president of development for Lifestyle Communities, said would mitigate its visual impact, which has been a contention point throughout the discussion.