EL PASO, Texas ( KTSM ) — El Paso City Council representatives unanimously voted on Tuesday, Nov. 19 in favor of a development agreement that will result in the revitalization of one of El Paso’s most historic buildings — “The Popular” department store building in Downtown.
Representatives voted in favor of a Chapter 380 agreement that they say will spur the development of 99 multifamily residential units.
According to the City’s Economic Development Department, 15% of those units will be priced as moderately affordable, meaning applicants will need to make at least 80% of the area’s average income. The proposed development plan also entails a 65-space parking garage and has the ground floor reserved for retail space…