The Community Redevelopment Agency Monday agreed to prepare an agreement to select Trammell Crow Co. as a leading contender to develop an 8.6-acre lot on Bandini Boulevard near Atlantic Avenue. Agency action on the item is scheduled for June 2.
Trammell Crow Co., based in Dallas, has proposed building a 37,000-square-foot office building and two manufacturing and distribution buildings on the site.
Three firms submitted proposals to the city, which is seeking a development that will generate $100,000 a year in revenue and which can be built within 18 months after a development and disposition agreement is approved.
City Administrator Byron Woosley said that once a memorandum is approved, the city will begin firming up details and drafting documents for development of the property. The city is asking $2.7 million for the property.