Here are the details of the proposal by Ace and a land-owner to develop property immediately south of the Starbucks at NE 4th St. The plan involves a land-swap between the City and the property owner.

The key issue is that both parcels are highly constrained by wetlands, George Davis Creek, and buffers. The property owned by the developer is considered unbuildable due to wetlands. The City property has some buildable land but officials consider it too small for the Ace project. It’s also currently used for two storm water retention ponds.

The Ace proposal calls for swapping the ownership, with Ace rebuilding the ponds on the swapped property. The full, five page proposal is here: AcePlan120412.

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