Update on Old Town Redevelopment Site #2
On February 17, City Council unanimously approved an ordinance authorizing a Purchase and Sale Agreement with Denver Capital for 1.39 acres of City-owned property at Batavia and Warrenville roads.
This is an important milestone in the effort to transform a struggling, environmentally challenged site into a mixed-use destination for the community to enjoy.
The proposed development includes:
• A three-story mixed-use building
• First-floor commercial space
• Upper-level residential units
• Public open space and pedestrian-friendly design
What happens next?
Denver Capital will now prepare and submit formal development plans. Those plans will go through:
• Staff review
• Public hearing(s) before the Plan Commission
• An opportunity for public comment
• A recommendation to City Council
• Final City Council consideration with additional opportunity for public comment
Important to note:
This approval does not automatically transfer ownership of the property. Transfer can only occur after required approvals and milestones are met.
The developer has not requested TIF funds or additional financial incentives.
If approvals move forward, groundbreaking could occur by winter 2027.
Learn more at: OTRS Plans