The City of Claremont has rescinded approvals for the Village Lofts, a mixed-use development across from the Claremont Packing House. The project was originally approved in 2012 and the existing building was demoed in 2015.
After that, the property remains dormant and the developer has not responded to the City’s inquiries about the status of the development. The City believes the developers aren’t proceeding because they don’t see a favorable market for the rental apartments they plan to build. Meadow Lakes, a 95 town home development, has also been delayed due to market conditions.
“We would prefer to have the site developed, but at this point, they haven’t demonstrated the capacity to develop it,” Community Development Director Brian Desatnik said. “We tried working with them for over four years. Everybody has a time line to build something once they get it approved.”
Meanwhile, other developers have expressed interest in development the property, but no agreements have been reached.