 |
Southwest
Corner Project #7 on Map
In
April of 1994, the Agency approved a Design for
Development and issued Owner Participation Notices
to the property owners and tenants of the 2.27
acre site that would become the Southwest Corner
Project. As with the Main Street Project, the
Agency assembled the project site by acquiring
the property, relocated tenants, demolished existing
improvements and prepared the site for development.
As the Agency pursued this phase of the project
several developers made proposals, however, none
fit the objective of the Master Design Plan and
the long-term goal for revitalization of the downtown.
In fiscal year 2000-01, the Agency completed its
efforts and entered into an Exclusive Right to
Negotiate with Priest Development Corporation
for development of a mixed-use project consisting
of 28 single family townhomes and 12,000 square
feet of commercial/retail space including a family-style
restaurant. In October of 2001, the Agency executed
a Disposition and Development Agreement with Priest
Development Corporation with construction due
to begin in June 2002.
In addition to those activities conducted by the
Agency discussed above, additional funding was
provided for On-Site and Off-Site improvements.
On-Site
Allowances:
|
|
Phase
1: Residential Design and Amenity Upgrade
Phase 2: Retail Design Upgrade
|
$344,176.000
82,500.00
$426,676.00
|
Off-Site
Allowances:
|
|
Sidewalk/Curb
and Gutter/Construction Fencing
Landscaping/Geo-technical Studies
Total Allowances For Enhancements:
|
$200,000.00
$626,676.00
|
The Southwest Corner Project will be developed in
two phases as outlined below:
Phase 1: Twenty-eight (28)
single-family residential town house units, each
unit with three (3) bedrooms, 2 _ bathrooms and
garage for two (2) automobiles.
Phase 2: A mixed-use development
consisting of three commercial/retail buildings
and a family-style restaurant.
Development Summary
Site
Area:
|
96,064
net square footage
Parcel 1: 44,601
Parcel 2: 51,463 |
|
Building
Area:
Commercial Retail-Parcel 1:
Residential-Parcel 2:
|
Building 1: 5,000 sq. ft.
Building 2: 2,500 sq. ft.
Building 3: 4,500 sq. ft.
28 Town Houses (3 bedroom, 2 _ bath; 20 units
with 1,845 sq. ft.; 8 units with 1,925 sq.
ft. |
|
Parking:
|
Commercial
Retail
On-Site 66 spaces (5.50/1000)
On-Street 24 spaces (Magnolia and Orange Streets)
|
|
| Residential: |
Town
Homes 56 spaces 2/unit
|
Project Activity Expenditures
The following is a summary of Agency expenditures
associated with the Southwest Corner Project activities:
 |
Southwest
Corner Project
July 1st, 2003 |
Task
|
Expense |
|
| Property
Acquisition |
$3,874,902 |
|
| Relocation |
$661,939 |
|
| Asbestos
Abatement/Demolition |
$319,245 |
|
| Environmental
Cleanup |
$337,410 |
|
| On-Site
Improvement Enhancement |
$426,676 |
|
| Off-Site
Improvement Enhancement |
$200,000 |
|
| Interest
Expense Loans/Bonds |
$363,264 |
|
| TOTAL |
$6,183,436
|
The Southwest Corner Project was undertaken by the
Agency to eliminate abandoned buildings, the under
utilization of land at the primary intersection
of downtown, reduce demand for public services,
i.e., police and fire calls-for-service, and address
a demand in market conditions denoting retail/commercial
and residential opportunities. The Project is an
effort by the Agency to eliminate blight in the
downtown and create an environment that will be
safe and inviting to the community when attending
special events. The inclusion of twenty-eight (28)
owner occupied town homes within the mixed-use formula
of the Southwest Corner adds a unique element to
downtown El Cajon.
Back to map
|
