Next Step In Major Apartment Project

The Cassgram reports final votes on zoning changes, a special use permit, and a still-being-tweaked redevelopment contract for an apartment complex are expected in the weeks ahead.

Keeler Properties LLC wants to build as many as 225 apartments on a 14-acre site in the 2200 block of First Avenue (the current location of Hidden Treasures and the Keeler & Associates call center). The first phase would include two new 22-unit apartment complexes, a new clubhouse/corporate call center building and the conversion of the Hidden Treasures building into a 12-unit apartment complex. (For previous Cassgram reports on the project visit the Archives 7/31/12 and 8/8/12.)

The developers are seeking tax increment financing and have obtained a bank commitment of $3.1 million for the TIF bonds. There are also plans to request $200,000 in city housing reuse funds.

The city council has already designated the property as blighted and substandard, a prerequisite for TIF.

At this week’s Plattsmouth City Council meeting, the council approved a resolution that says the plan conforms with city planning objectives and would not be economically feasible without TIF.

There were some additional questions and concerns from council members this week that mainly centered on traffic flows and sidewalks to schools.

In response, the developers indicated that a traffic study was likely to be part of the coming phases but not something that engineers thought necessary for phase 1. Sidewalk installation outside their development was not in their plans and would likely be something the city would need to address.

City Administrator Erv Portis said a traffic study is something that can be specified in the redevelopment contract for the later phases.

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