Grant exclusive negotiation rights for 13.8-acre Terminal One housing development
In Plain English
Terminal 1 LLC wants to develop housing on the 13.8-acre Terminal One property at 1500 Dornan Drive. The city completed community outreach to gather resident input on the design concept. If approved, the developer gets exclusive rights to negotiate a final development agreement with the city for a set period.
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Votes
Motion · Official minutes
Authorize the city manager to execute an Exclusive Right to Negotiate (ERN) with Terminal 1 LLC for the purchase and development of the 13.8 acre Terminal One property located at 1500 Dornan Drive with the understanding that the City Council was not endorsing a particular plan, but endorsing a team to get the City of Richmond to a plan
6 aye · 0 nay · 1 absent
Why This Vote Matters
The city unanimously approved giving Terminal 1 LLC exclusive rights to negotiate a housing development deal for the 13.8-acre Terminal One property on Dornan Drive. This means the developer can now work directly with the city to hammer out the details of their housing proposal without competing offers from other developers during the negotiation period. The council emphasized they weren't endorsing any specific development plan yet—just choosing Terminal 1 LLC as their preferred negotiating partner to eventually reach a final agreement. This follows community meetings where residents shared input on the design concept for the site.
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Related agenda records
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Terminal 1 Development Term Sheet
Land Disposition Agreement with Terminal One Development, LLC
PLN17-593 TERMINAL 1 RESIDENTIAL PROJECT
Presentation of a Potential Revised Project for the Terminal One Site.
Terminal One Project approval