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Conceptual Economic Development Plan Chapter 100 Incentive Request for the Daxon Farms Project
City Council received a presentation on a conceptual economic development incentive request from the applicant for the proposed Daxon Farms development. Council was asked to provide preliminary direction, not to approve or deny the incentives; no formal action was taken.
The proposed Daxon Farms project is a revamp of a 2021 Stag’s Field project proposal at the same site. The site is a 34-acre project located near I-470 and Bowlin Road. The surrounding area includes a mix of commercial businesses and an established single-family residential neighborhood.
The original project proposed a four-story apartment complex with approximately 350 units. Although the development plan has since expired, the zoning remains in place. City Council previously approved a Chapter 100 plan that provided sales tax exemptions on construction materials to help offset the costs of public infrastructure improvement. However, due to changing economic conditions, the developer was unable to move forward with the project.
The revised concept would provide a residential development with two-story, townhome-style housing, focused on green space, pedestrian connectivity, and a cohesive transition between the surrounding commercial corridor and residential neighborhood.
Proposed Development Information:
- 306 build-to-rent townhome units across approximately 34 acres.
- Density of approximately 9 units per acre.
- Attached garages.
- Community amenities: clubhouse, leasing office, fitness center, swimming pool, outdoor grilling area, and walking trails.
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