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Corinth City Council
3/21/24
Welcome to Ultraground. We give you a 360° view of 380 agreements.
March 21, 2024
District:
300-Unit Mixed-use | SWC of N Corinth St & Walton Dr | Approved
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Corinth City Center SWC of N Corinth St & Walton Dr
Downtown Corinth | 4.6 Acres | 300 Units | Approved
The City of Corinth has entered into a public-private partnership with Wolverine Interests for a 300-unit mixed-use product on a 4.6-acre site. On January 5, 2022, the City of Corinth and Wolverine Interests signed a Chapter 380 Agreement that requires multiple commitments from the developer. In return, Wolverine receives Grant Payments from the City/CEDC.
Developer Commitment | Grant Payments from City/CEDC |
|---|---|
Min. $30M investment | 100% sales & use tax revenue (36 mo.), ≤$450K |
300 Multifamily units | Reimburse building permit fees ≤$550K |
30,000 SF commercial | Total Grant Payments capped at $1,000,000 |
150-space garage (75 public) | |
Construction start in 180 days | |
Construction complete in 36 mo. | |
Lease 15,000 sq ft at COO + rest by 2027 | |
Min. 15 full-time jobs by 2027 |
The Corinth City Center project is part of the City's plan to develop a downtown area along with the Commons at Agora Public Park and other multifamily developments near City Hall. The project aligns with the Transit Oriented Development (TOD) District and Trail Oriented Development (TrOD) concepts from the City's 2040 Comprehensive Plan.
During the City Council meeting, concerns were raised about the parking ratio of 1.4 spaces per unit, with Tina Henderson questioning if it would be sufficient for residents with two cars. Kelly Pickens expressed worries about the potential difficulty of finding parking and its impact on attracting visitors.
‟In the real world, most homes are going to have two cars. So that's 600 cars, and we're only going to have 420 spaces.
‟Personally, if I'm invited to something and if I know it's going to be hard to park, I just don't go. I don't want that to happen to us. I don't want people to not come because they don't want to deal with parking.
The project's design focuses on walkability, with wide sidewalks, street trees, and unique signage. The council discussed allowing flexibility in sign design to create an attractive, cohesive look. Pickens also inquired about the sign design process and who would dictate it.
‟How will they be hung? Are they going to be flat, or are they going to have flange signs?
The development will feature a linear green promenade along a preserved stream corridor. The architect for the project, Eric from HEDK Architects, presented elevations showcasing the use of masonry materials and articulated facades. He emphasized that "everything's our front door," and described the design as having "a Revival style to it instead of a modern style” with no banding or detail.
During the public hearing, only one resident spoke in opposition to the project, and another expressed concerns about traffic without directly opposing or supporting the development. The city received no letters of support or opposition.
The unanimous approval of the rezoning request and the amendment to remove the 4.6 acres from the existing PD-21 (The Parks of Corinth) demonstrates strong support for the City Center project and its alignment with Corinth's downtown redevelopment goals, as outlined in the comprehensive plan.
Developer: Wolverine Interests LLC Phone: (214) 240-5622
Staff Report: ZAPD22-0009
Chapter 380 Agreement: Corinth City Center 380 Agreement
Project Plans: ZAPD22-0009 Plan
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