Unlimited Potential

The availability of utilities and its excellent array of entitlements, coupled with its configuration, highway frontage, and topography, afford the property a multitude of potential uses.  Demand for retail, business properties and other commercial uses are growing rapidly as over 3,500 homes within the direct vicinity of the property are currently in various stages of development. Because only one other property in this area (Belterra) fronting 290 West currently has wastewater service available, and because development requirements are becoming more and more strict, this property is perfectly positioned in the market. 

Potential Uses

Potential uses include financial institutions, retail, restaurants, service centers, garden office parks, etc. In particular, Site 1 has characteristics very suitable for retail development because of its road frontage, dimensions, and relatively flat topography. On-premise (restaurant) sale and consumption of alcoholic beverages is allowed as well as retail (grocery store type) sales of wine and beer.

Multi-Family Development

As the area grows and the employment base expands, multi-family development potential on this site will continue to increase.  Currently, there are virtually no multi-family projects located in the area while more affordable lifestyle choices are certainly needed to serve the area.  Note: sales of multi-family sites may be restricted to an aggregate maximum number of units depending on total wastewater capacity needed to serve the remaining property.

Great Flexibility

The property also enjoys a great deal of flexibility in the planning and site development phases of the development process.  The site development ordinance under which the property is regulated is significantly less complex and onerous than those governing developments in adjoining municipalities.   This, coupled with the fact that there are no height restrictions, provides great adaptabililty in the design, configuration, and density of development plans.

Office Space

Both sites 1 and 2, as well as the platted sites, afford excellent opportunities for development of local office parks as well as much larger office facilities. Depending on the number of stories desired, the configuration of the buildings, parking ratios needed and whether structured parking is utilized, office facilities to accommodate anything from a small, single business user up to a large corporate campus could be developed on the property. Overall yields will depend on the type of user and the configuration desired. Because of the entitlements enjoyed and the availability of housing in top rated communities, the potential for various forms of office uses on major portions of the property is excellent.

Click here for the Ledge Stone Concepts pdf