COLUMBIA — The City Council unanimously approved the $150,000 sale of land to North Light LLC for the development of a six-story building adjacent to Short Street Garage.
Assistant City Manager Tony St. Romaine said during the meeting the mixed-use building — consisting of retail, office and residential space — is expected to be completed next summer, around the same time as the $9 million parking garage and the new DoubleTree hotel.
North Light will acquire 0.68 acres of land from the city. The city will cover the cost of the foundation for the North Light building, as it will connect with the Short Street Garage foundation. It will also share a stairway, an elevator, utility lines and stormwater facilities with the garage.
St. Romaine said there are uncertainties that might delay the completion of the project. For instance, North Light can't start building until the city builds the foundation and the side of the garage that will be attached to the North Light building.
The city's agreement with North Light requires the company to "substantially complete" the project by Nov. 30, 2013.
North Light proposed the development in August after the city decided it would not fund retail spaces in the garage.
Boone County Family Resources also proposed building office space in the garage but now plans to rent offices from the North Light building when it is completed.
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