Rio Nuevo (RN) meeting Jan. 27, 2026.
I listened to part of this meeting and summarized some information:
RN District is currently experiencing lower sales revenues within the last several months (at least). They have been contemplating adding a CEO to the district and hiring one will help with executing the Rio Nuevo masterplan and addressing issues like the sales revenue.
75 E Broadway agenda item:
The developers mentioned a break ground around 2028. Honestly, so much time has passed already, and they mentioned they would continue to refine designs and architecture. (WTF) That is good, but the current design isn't that great, and there is no indication of a housing component. Furthermore, they were waiting for a lease agreement approval from the city (which was recently approved) and now they are waiting on a GPLET lease agreement with RN for them to really move forward. So, more waiting...
(Side note: This one has been frustrating especially with the design and timeline. When RN originally sent out an RFP, they specifically put a development of at least 8-20 floors. The current design only shows 5-6 stories.)
Bubbe's Bagels:
They are looking to expand next to Bisbee Breakfast Club on Broadway:
Welcome Diner:
Sold to another investor and Fletcher mentioned they were still wanting to reopen the Welcome Diner restaurant. Also, since it was sold, the whole project is going back to the drawing board which is good because they should add more housing vertically.