Published on August 31, 2026
At its August 25 meeting, the City Council approved two items supporting the development of 29 new for-sale townhomes at 4850 Airport Parkway, near Quorum Drive. The 1.57-acre property is currently vacant.
Council approved rezoning the property to allow the townhomes, as well as an economic development agreement with Cobalt Homes. The project represents approximately $14.7 million in private investment and is expected to increase the property’s taxable value from approximately $770,000 to $17.4 million.
You can watch the Council’s Cobalt Homes discussion here, read the economic development agreement presentation here, and read the rezoning presentation here.