Part of old Obici site sold

Published 9:30 pm Wednesday, December 10, 2014

The city’s Economic Development Authority on Wednesday voted to sell part of the old Obici Hospital site to Waverton Associates, which plans to build an apartment complex on the site.

The company will build 224 apartments on about 14 acres at the back portion of the site, Economic Development Director Kevin Hughes said. The development will be identical to the company’s Meridian development in Harbour View, Hughes said.

The Meridian development features one-, two- and three-bedroom, garden-style apartments spread across seven buildings with a community center and other amenities.

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The EDA voted 5-0 to transfer the property. Member Robert Barclay abstained.

The exact purchase price is still being finalized, Hughes said.

The site is located at 1900 N. Main St. Set to include about 27.5 acres of re-developed land, it has sat vacant for more than a decade after the hospital moved its operations to the current site on Godwin Boulevard and razed the old building.

Several attempts to sell and develop the property have fallen through, including one by Robinson Development, which bought it in 2006. After failing to get a theater operator to anchor the mixed-use site, the group sold the site back to the city in 2008.

Last month, the EDA approved an agreement with Kimley-Horn to provide a variety of services for the property, including a proposed site layout, public facilities report, water quality impact assessment, analysis of fiscal impacts to public services, a traffic impact study, soils report, environmental site assessment, wetlands mapping, development of design guidelines and more.

According to the agreement with Kimley-Horn, the city intends to create a mixed use development on the site by selling the property to multiple users, including a mix of commercial, retail and multi-family residential.