On Jan. 18, the Partnering for Parker’s Progress Board, called P3, approved an exclusive negotiation agreement with Confluence Companies for the potential development of the My Mainstreet parcels, according to a news release from the town. 

The agreement was reached in hopes of evaluating the feasibility of development and guiding discussions for master planning of five under-utilized and vacant properties located on Mainstreet in Parker’s core downtown area, according to the release. 

Four of the properties are owned by the Town of Parker, with the fifth owned by P3. The agreement grants Confluence Companies a 90-day exclusivity period to conduct site due diligence, study development feasibility and develop concept plans.

“During this exclusivity period, the My Mainstreet parcels will not be listed for sale nor will the Town of Parker or P3 have discussions with any firm regarding the development of the properties,” according to the release.

In 2018, P3 took the lead on helping develop the four different properties owned by the Town of Parker and P3 downtown. The My Mainstreet project culminated with the release of the Strategic Framework: A Blueprint to Community Supported Development, a guide for the future of these sites, according to the release.