A redevelopment proposal for Ivy Terrace, a well-known historical home on Capitol Avenue, has been accepted by the Jefferson City Housing Authority, after the original January deadline passed without any proposals.
Housing Authority Executive Director Cynthia Quetsch said they received several proposals and the housing authority board has accepted one. They were surprised when they didn’t receive any originally for the red-sided Queen Anne home at 500 E. Capitol Ave.
Ivy Terrace is one of six homes included in the Capitol Avenue Urban Renewal Plan, approved by the Jefferson City Council in 2016. The housing authority, acting as the Land Clearance for Redevelopment Authority, hopes to redevelop the historic neighborhood to fight blight in the area.
The homes at 500, 501, 507, 511 and 513 E. Capitol Ave. and 101 Jackson St. were open for proposals starting in November, when residents were invited to openly tour five of the six homes — 511 E. Capitol Ave. was too dangerous to enter.
Hundreds of visitors turned up to see the homes, the oldest of which was built in 1875. The newest, 513 E. Capitol Ave., is 100 years old.
In January, the housing authority announced redevelopment proposals had been accepted for four of the properties — 501, 507, 511 and 513 E. Capitol Ave. Redevelopers for all five properties will be announced once contracts have been signed.
However, no proposals had been received for Ivy Terrace or the three-story, multi-family home at 101 Jackson St., so the board agreed to extend the deadline until a proposal had been accepted for each.
With Ivy Terrace off the market, that leaves 101 Jackson St. as the last house to find a redeveloper. The building was once a duplex but has previously been used as a four-apartment complex and includes two covered porches, four bedrooms and four bathrooms, according to county records.
Proposals will be reviewed by the Land Clearance for Redevelopment Authority at closed meetings, typically held at 7:30 a.m. the third Tuesday of each month. To be considered, proposals must be received by 10 a.m. the Tuesday before the meeting.
Proposals for redevelopment should include goals for the redevelopment of the property in compliance with the overlay district requirements, city code and zoning restrictions; use of the existing building or buildings as residential or commercial; start of the renovation within four months of the award and completion within 18 months; and occupancy within three months of completion of construction.
According to the Housing Authority, proposals will be evaluated based on proposed use, impact on the removal of blight in the area, the historical relevance of the use, the impact of the proposal on future renovations in the areas, financial stability of the developer, the developer’s experience and reputation, and price.
The property at 101 Jackson St. is available by appointment with the Housing Authority.