DEPARTMENT: Center City Development and Operations
DEPARTMENT HEAD: John Jacks
COUNCIL DISTRICTS IMPACTED: 1
SUBJECT:
Sale and disposition of the City-owned property at 307 Dwyer
SUMMARY:
This ordinance authorizes the sale and disposition of City-owned property, located at 307 Dwyer, in City Council District 1 to Landbridge Partners.
BACKGROUND INFORMATION:
The city-owned property located at 307 Dwyer, formerly known as the Dwyer Avenue Center for Transitional Housing, includes a three-story building of approximately 48,239 square feet. The lot, described as NCB 173, Block Lot 1-2, South IRR 39 feet of 3 & 14, is approximately 0.41 acre (or 17,933 square feet). The building was originally built around 1955 with an extensive renovation in 1992. The property is currently zoned D (Downtown District) and located within the Central Business District and the Houston Street TIRZ with easy access to Highway 281 and Interstate Highway 35; the property is also located near the Historic Civic Center, San Pedro Creek and the River Walk.
In 2010, the services provided at the Dwyer Avenue Center for Transitional Housing were relocated to Haven for Hope. Since then, the building has been vacant. Prior to its closure, City Council created the Haven for Hope Fund in order to establish an endowment for the campus operations. Any proceeds from the sale of the property would benefit the endowment.
In June of 2014, City Council approved a Public-Private Partnership (P3) for the property, however, subsequent due diligence of the site revealed development challenges that proved cost-prohibitive for the project as a P3. As a result, the City instead pursued a direct sale of the property which allows the City to select a purchaser based on terms most advantageous to the City.
ISSUE:
City staff is seeking approval of the direct sale of 307 Dwyer Ave to Landbridge Partners. Landbridge represents the most advantageous option to the...
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