Description
The council approved a Property Conveyance Development Agreement combining site development and eventual transfer of the city-owned downtown block to the developer, with hard milestones over roughly 18 months and exit protections for the city.
Impact summary
This is the next formal step toward redeveloping a key downtown block, with developers on the hook for firm deliverables and the city keeping rights to all studies if it walks away.
Applicant
- Name
- GFNT-Seguin, LLC (Ground Floor Development / TBA Douglas)
At a glance
- Hearings
- 2
- Public comments
- 0
- Total mentions
- 2
Last vote · City Council
Discussed at 1 meeting in the last 60 days; most recently Oct 5, 2026.
Meeting timeline (2)
City Council — October 5, 2026
Downtown hotel and event venue project under a property conveyance development agreement; Milestone A passed, schematic design complete, construction targeted for 2027 and opening Q3 2029.
City Council — June 16, 2026
The council approved a Property Conveyance Development Agreement combining site development and eventual transfer of the city-owned downtown block to the developer, with hard milestones over roughly 18 months and exit protections for the city.
Related issues (1)
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