Mixed Use Project: 226 Residential Units Considered For The Dover Waterfront

Mixed Use Project: 226 Residential Units Considered For The Dover Waterfront

Below is courtesy of the City of Dover
“At our Dec. 20 meeting, Union Studio presented a preliminary concept plan for a mixed-use development on the 20-plus acre private sector parcel on the waterfront.  See image below.  While the concept plan appeared rather complete, Jeremy Lake, of Union Studio indicated, “This is just a preliminary concept plan, not a final plan.  There still needs to be much discussion before a final concept is completed.”

Dana Lynch, member of CWDAC, indicated that while the plan is a good first start, “We need to be sure that the final plan represents the full vision that the city has had for this site for a number of years.  We will continue to work with Union Studio to be sure the final plan matches this vision.”
The preliminary plan calls for a total of 226 residential units, 15,000 square feet of commercial space and a 4,000-square-foot restaurant on the waterfront property.  Of the 226 residential units, 145 would be part of multi-family buildings, 69 would be townhouses and 12 would be single-family residences.
Lake and committee members have indicated that this plan is a starting point and that any developer selected by the committee to develop the property may play a significant role in determining the final development program.
Barry Abramson, of Abramson & Associates, who is working with Union Studio, noted that the preliminary plan would cost the city approximately $12.8 million in upgrades to the waterfront.  These upgrades and improvements would include funds for the waterfront park development including docking facilities as well as infrastructure costs for roads, water and sewer to get the site ready for development.  The city would pay for these improvements through the Tax Increment Finance District that has been established in the waterfront area.  He also indicated that proposed development mix would provide a positive financial return.
If all goes according to plan, the city could issue a Request for Proposals for waterfront development later this spring with the intent to have a developer on board later in 2017.
A development agreement could be in place in 2018 and work could begin in 2019 after all necessary plans and permits are in place.  Part of the preparation for the site could begin this spring with the excavation of the bluff along River Street.”