The largest undeveloped land on Veterans Blvd. may finally be ready for redevelopment.
Rumor has it that the land’s owners have finally reached a tentative agreement to develop the land after more than half a century of dispute.
The agreement called for five lots on the north and east side of the property to be zoned R-1A, which allows for single family residential homes. This would act to buffer the existing homes from future commercial development near Vets.
The rest of the property that faces Veterans Boulevard will be zoned as C-1, which allows for commercial uses.
“We would most likely see some type of retail tenant as they can pay the most rent,” says commercial broker Casey Burka of Corporate Realty, who specializes in retail leasing. “The most likely scenario is a single tenant big box store.”