With very little discussion, Farmington Public Schools board members on Tuesday accepted a $1.2 million offer for the Maxfield Training Center, a long-vacant building on Thomas Street in Farmington.
Officials earlier this month reviewed four proposals for redevelopment of the 3-acre site. Administrators recommended AC Acquisitions’ plan for 155 luxury apartments, which they felt would have the best chance of successfully navigating the City of Farmington’s approvals process. The plan calls for studio and 1-3 bedroom floor plans, 238 parking spaces, and includes demolition of the 58,675-square-foot building. The company has built similar projects in Detroit, Romeo, Southfield, and other cities.
Only trustee Terry Johnson asked a question Tuesday; he wanted to know how soon the district will receive funds. Director of Facilities Management Jon Riebe said he didn’t have a definite answer, because getting through the city’s planning process would take some time.
According to the purchase agreement, the company must submit a $25,000 deposit within 24 hours, and another $25,000 after a 90-day inspection period. The balance will come due after the city approves the development.
“I’m sure everybody will try to expedite this project, because it’s a big project for the community and downtown Farmington,” Riebe said.
Farmington Mayor Bill Galvin said late Tuesday that he is “pleased and excited” about the sale.
“This redevelopment has tremendous economic development opportunity for the entire community, but most especially the Downtown Development Authority,” he said. “I look forward to meeting the proponent in the coming weeks and learning about how the project will complement the recent growth in downtown Farmington.”