CONTRACTONGOING

Gladstone District Continues Hotel Project Lease Arrangement

City of Gladstone logoCity of Gladstone
Disclosed value
Lease Payments shall not exceed $864,000
From resolution
Document date
Jun 8, 2026

The 30-second brief

What it covers

Gladstone’s Downtown Linden Community Improvement District continues its amended lease arrangement with SREH MAG GLADSTONE PARTNERS, LLC for the hotel project and related site improvements. Lease payments are capped at $864,000 and support the District’s financing and operations.

Who holds it

Sreh Mag Gladstone Partners LLC holds this facilities contract with City of Gladstone.

What happens next

Term as filed: Lease Agreement dated November 1, 2019, as amended; District term is 20 years beginning in 2019 or until all Lease Payments have been paid, whichever is longer.

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Contract details

Contract type
Facilities
Amount
Lease Payments shall not exceed $864,000
Document date
June 8, 2026
Term
Lease Agreement dated November 1, 2019, as amended; District term is 20 years beginning in 2019 or until all Lease Payments have been paid, whichever is longer
Source document
City of Gladstone Resolution R-26-30 Amendment of the Downtown Linden Community Improvement District 2026-06-08 (Resolution)

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Questions about this contract

Who was awarded the facilities contract by City of Gladstone?

Sreh Mag Gladstone Partners LLC was awarded this facilities contract by City of Gladstone, as recorded on June 8, 2026. The contract value is Lease Payments shall not exceed $864,000.

How much is the Sreh Mag Gladstone Partners LLC contract with City of Gladstone worth?

The Sreh Mag Gladstone Partners LLC contract with City of Gladstone is valued at Lease Payments shall not exceed $864,000, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a resolution record.

Where was this contract approved?

This contract appears in City of Gladstone Resolution R-26-30 Amendment of the Downtown Linden Community Improvement District 2026-06-08 (Resolution), dated June 8, 2026 from City of Gladstone. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Sreh Mag Gladstone Partners LLC hold?

Sreh Mag Gladstone Partners LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Gladstone currently buying?

Explore City of Gladstone's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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