Sentinel Project
Mount Vernon
Description
A proposed 188-unit residential development involving four city parcels and five IDA parcels on South 4th Avenue structured via a 99-year ground lease.
Impact summary
Roughly 188 units of affordable housing could replace a block of vacant and problem properties near South Fourth and South Third Streets.
Applicant
- Name
- Industrial Development Agency and Urban Renewal Agency
- Address
- 203, 207, 209, and 211 South 4th Avenue
At a glance
- Hearings
- 3
- Public comments
- 1
- Total mentions
- 2
Recorded in the meeting · Real Estate Committee
Discussed at 1 meeting in the last 60 days; most recently Sep 25, 2026.
Meeting timeline (2)
Real Estate Committee - Sep 25, 2026
A 99-year ground lease would give a developer site control of five IDA-owned and four city-owned parcels to build about 188 affordable housing units with state and county help. The committee approved joining a joint public hearing; the city council makes the final call.
Industrial Development Agency - Jun 11, 2026
A Fourth Street development project that is transitioning to a new developer after previous partner Penrose withdrew.
Related issues (1)
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