The first plan, with the real estate investment and management company Jones Lang LaSalle, has not yet been defined. The company was granted a 180-day window to exclusively negotiate an agreement with the city.
Jones Lang will use some of the time to study Concord's downtown area and decide what kind of project would be best suited for the area. The firm will be looking at eight acres bounded by Galindo Street, Willow Pass Road, Mira Vista Terrace and Clayton Road.
Legacy Partners Residential Inc., the other development company working with the city, has proposed a 259-unit luxury apartment complex on 4.6 acres near Amador Avenue and Galindo Street. The project includes a five-level 459-spot parking garage to be built adjacent to the apartment complex.
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