Laserfiche WebLink
4 <br /> <br />Progress Reporting [5.1.2(B)] <br /> <br />Below is a table outlining the progress of the development in relation to the approved entitlements. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Reporting Period: 2025 - 6th Report <br />Use Approved <br />SF/Units/Rooms <br />Total Completed In <br />Period <br />Cumulative Total <br />Completed <br />Remaining to Be <br />Completed <br />Status & Look Ahead <br />Residential 1,900 0 309 1,591 Demolition of the parking structure is complete, <br />making way for construction of phase II of the <br />residential component to start construction with <br />an anticipated completion date in early 2028 <br />Hotel 400 0 0 400 Hotel development effectively stopped nation <br />wide during COVID-19 pandemic. Ownership is <br />continually monitoring market conditions <br />Commercial Existing <br />954,125 (as of <br />07/2024) <br />215,478 0 0 215,478 Ownership is currently finalizing plans for <br />existing property renovation; including but not <br />limited to the former Nordstrom area (appx 150k <br />SF - not included in current GLA) along with <br />the development of a central retail and dining <br />attraction which will include public <br />greenspaces. Design is being refined <br />Commercial New 250,000 0 0 250,000 Ownership is currently in negotiations with <br />multiple new-to-market tenants <br />New Office 750,000 0 0 750,000 Ownership is assessing the potential for more <br />traditional and creative office space throughout <br />the property. <br />