DEPARTMENT: EastPoint & Real Estate Services
DEPARTMENT HEAD: Mike Etienne
COUNCIL DISTRICTS IMPACTED: 5
SUBJECT: Disposition: Closure of an improved portion of Colima Street
SUMMARY:
An ordinance authorizing the closure, vacation, and abandonment of a 0.386 of an acre (16,810 square feet) improved portion of Colima Street Public Right of Way adjacent to NCBs 273 and 274, located between S. Frio and S. Medina Streets in Council District 5, as requested by Peanut Factory Lofts LTD.
BACKGROUND INFORMATION:
Peanut Factory Lofts LTD (Petitioner) is requesting to close, vacate and abandon an improved portion of Colima Street located between S. Frio and S. Medina Streets adjacent to New City Blocks 273 and 274, as shown on attached Exhibit "A" in City Council District No. 5. Petitioner has indicated that the permanent closure of Colima Street between S. Frio to S. Medina Streets is an important part of the Peanut Factory Lofts Project. Petitioner's primary concern of this proposed road closure is safety and security. The property is being constructed on both sides of Colima Street and the amenity package will be on the north side of Colima Street. Peanut Factory Lofts LTD's concern is that the development of the project will cause a significant increase in car and foot traffic between the two sites. In addition, Petitioner has stated that in order to securitize the entire site for the resident's safety, the closing of Colima Street would allow for a much more complete and secure site. Petitioner also has stated that his closure will help limit interactions between cars passing through and pedestrians to prevent unnecessary automotive risks or security risks.
If approved, Petitioner proposes to subdivide the entire property into a single mixed income residential development. The development includes three new buildings and a historical rehabilitation of the existing peanut factory building. The total project will include 102...
Click here for full text