After a long meeting in the City Council Conference Room this evening, the council voted five to one to give a one year extension to the Preferred Developer agreement between the city and Hakim Fakhoury's Dearborn Village Partners (DVP). George Darany was the only holdout and Doug Thomas was not present for the meeting.
The extension will allow DVP to further pursue a major project near Military and Howard that is expected to include retail shops, a bowling alley, a movie theater and entertainment complex. Student housing is also being proposed for the site.
With the Preferred Developer agreement in place, the city gives DVP first rights to market and develop the property and lots.