On June 8, 2026 the City Council considered Ordinance 2026-36, approving the first amendment to a Redevelopment and Economic Incentive Agreement with Caliber Investments for 1408 N. Market Street under the Business District program. The original January 12, 2026 agreement awarded a Building Improvement Grant equal to 50 percent of the project cost of 86605, capped at 10000, and required completion of the improvements by June 30, 2025.Due to delays and changes in use plans, Caliber requested and received an extension, with the amendment moving the deadline for completing all improvements, obtaining a certificate of occupancy, and securing all approvals to November 30, 2026. For architects, contractors, and tenant-improvement vendors, this confirms an active, city-supported commercial renovation project with defined private investment and a known owner, creating opportunities for construction services, fit-out, and future adjacent work along N. Market Street.

Project is within the City’s designated Business District and subject to clawback if improvements are not completed by the new deadline; scope details are in the original 2026-07 agreement not fully reproduced here.