The final piece of the Paper District project is on paper.
But someone other than Mid-States is developing the property.
Stephen Schill, president of Watertower Development Corp., in Westlake, Ohio, had an option to buy the Deep Water Marina property last year. The option was valued at $2.7 million.
Schill wants to build four-story luxury condominium units on at least 3,000 square feet with attached garages and adjacent private dockage facilities, according to the development agreement.
The Erie County Auditor's office on Friday still lists the William and Marie Thomas Trust as the owners of Deep Water marina.
Schill could not be reached at home or in the office Friday night.
Sandusky City Commission will vote on the development agreement at its Monday meeting.
Commissioners in February voted to apply for a grant with the Clean Ohio Revitalization Fund to clean up the property. Deep Water Marina is environmentally contaminated property.
Meanwhile, Mid-States President Bob Davis continues to develop other parts of the Paper District along Water Street and Shoreline Drive.
Originally, the Dublin-based developer had talked of turning Deep Water Marina -- the final piece of the 40-acre Paper District project -- into condos and/or a park.
Friday, his son and business partner Charles Davis, said Mid-States supports Schill developing Deep Water. Mid-States already has its hands full, he said.
In the next 30 days, 30-40 of the Chesapeake Lofts are slated to be ready for residents. The condos are in a former paper factory.
Mid-States is also developing the neighboring Tricor property into a marina.
"It is a wonderful piece and if that works out best for the city, we are fine with that," Davis said of Deep Water.