On Jan. 18, the Partnering for Parker's Progress (P3) Board approved an Exclusive Negotiation Agreement (ENA) with Confluence Companies for the potential development of the five parcels associated with the My Mainstreet project.
The preliminary goals of the ENA are to evaluate the feasibility of potential development and guide discussions for master planning of five under-utilized and vacant properties located on Mainstreet in Parker's core downtown area. Four of the properties are owned by the Town, with the fifth owned by P3. The ENA grants Confluence Companies a 90-day exclusivity period to conduct site due diligence, study development feasibility and develop concept plans. During this exclusivity period, the My Mainstreet parcels will not be listed for sale, nor will the Town of Parker or P3 have discussions with any firm regarding the development of the properties.
About My Mainstreet
Mainstreet is the gem of Parker, home to restaurants, artisan shops, culture, public parks and more. In 2018, P3 took the lead on engaging the community to provide feedback about how to best develop a collection of downtown properties owned by the Town of Parker and P3. The My Mainstreet project culminated with the release of the Strategic Framework: A Blueprint to Community Supported Development, which is a guide for the future of these sites.
To learn more about this project and view the Strategic Framework, visit www.LetsTalkParker.org/MyMainstreet.
Legally known as the Parker Authority for Reinvestment (PAR), the Town of Parker’s urban renewal authority has now evolved in both name and initiative. P3 is enhancing Parker through investment and collaboration. P3 is a true partner that is committed to defining and accomplishing public and private goals that improve the Parker community. For more information, visit www.P3Parker.com.