Downtown Fargo $21 million mixed-use development planned
FARGO (KVRR/KFGO – update 8:40 pm 12/28/20) – Fargo city commissioners tonight voting unanimously to move ahead with a new development on the northeast corner of Main Avenue at Broadway.
**ORIGINAL STORY BELOW**
JLG Development and Duluth-based F.I. Salter have plans for a six-story mixed-use development on the property.
Strategic Planning Director Jim Gilmour says the first two floors will be offices. Two tenants are already committed to a lease. Floors 3 through 5 will have 55 apartments and 10 condominiums will be on the top floor.
Gilmour says the financing plan for the Mercantile Parking Garage now under construction on downtown Broadway included the eventual sale of the parking lot at 501 Main. Prior to the sale of the property, a development agreement must still be completed. Five-year Renaissance Zone tax breaks requested by the developers are contingent on proceeding with the project.
Construction could start in May and with project completion by the fall of 2022.