Submitted by: Laura Reams
Submitting Department: Administration
Agenda Section: Discussion
Item Title:
title
Acquisition of Property from Werrlein WSSC, LLC: Lower Lot, Suffrage Point
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Suggested Action:
recommendation
Council Discussion
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Summary Background:
In 2024, Werrlein Properties submitted a letter requesting the City to consider acquiring the lower lot property of the Suffrage Point development for a purchase price of $10,750,000.00. Currently this land is slated for development and is located in the Traditional Residential Neighborhood (TRN) Character Area of the Gateway Arts District Sector Plan and SMA. The lot was previously zone O-S (Open Space). It was rezoned R-55 through the approval of CSP-18002.
Staff have conducted a preliminary assessment of the site, including zoning, maintenance, environmental constraints, and alignment with the Driskell Park Master Plan and City strategic priorities. Relevant city departments including planning, public works, and finance have been consulted for input on suitability and constraints. Staff held preliminary conversations with Werrlein to confirm their interest in selling, negotiate price, and outline the high-level acquisition terms. The anticipated purchase price is up to $7.5M.
Acquiring this property is aligned with the City's strategic goals to protect and preserve green, open space. This acquisition will also preserve land within a critical floodplain, offering long-term environmental and flood protection benefits. Additionally, the acquisition of this property represents the only opportunity to expand Driskell Park to meet growing community needs for recreational, green, space.
The agreement of sale includes two parcels.
- Outparcel 1 (Lower Lot): 4.66 acres
- Parcel A2 (The tip): 11,061 sf
An additional parcel, Parcel A1 is also under consideration for inclusion in the sales agreement. Parcel A1 is 17,671 sf. This area includes a pavilion, patio, and gas grills. Werrlein Properties, ...
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