By Steve Lackmeyer
Construction is set to start this summer on a $60 million, mixed-use development in Film Row pending final approval of tax increment financing that won support Friday from a review panel.
The unnamed development by Mark Beffort, Andy Burnett and Zach Martin will be built to the south, east and north of the 21c Museum Hotel at 900 W Main that is set to open this summer. The project includes 346 residences, 14,000 square feet of commercial space and 805 structured parking spaces.
A panel consisting of representatives of local schools, libraries, the county and city voted Friday to recommend city council approval for the $4 million assistance request.
“This project won't happen without TIF,” Beffort said. “We're building four parking structures and over 800 spaces. We're also extending Project 180 streetscapes all the way to Classen on both Sheridan and Main and up Fred Jones Ave. We will spend over $18 million on public utilities, streetscapes and parking structures. This is a much larger project than just housing."