Developers aim to build new Elkton shopping center
— The town board took the first step Wednesday night in the process of annexing a property on Pulaski Highway that a commercial real estate firm hopes to develop into a shopping center.
The 10,600-square-foot property, located at 722 E. Pulaski Highway, is currently owned by Acorn Investment Company II, LLC, which leases space to Tim’s Used Tires. But Acorn is looking to sell the property to the Segall Group, a commercial real
estate firm that deals with developing shopping centers. The sale of the property is subject to annexation and plan approval, and its proponents introduced the petition for annexation on Wednesday.
Dwight Thomey, of Baker, Thomey & Emrey, gave a presentation to the board about the site on behalf of the Segall Group. The annexation would bring the property within town limits, and the business would use municipal water and sewer, as well as have access to local law enforcement.
“Both the proposed purchaser and current owner understand that once the property is annexed into town, whatever needs to be done to make sure that the property is compliant with your regulations would occur,” Thomey said. “And frankly, the plan is to have a relatively quick turnaround of ownership once the annexation is approved and start right in with the process to obtain site plan approval for the development of the site.”
If the tire business were to stay on the property for a time after the annexation, Thomey said the company would have to comply with town regulations such as moving tires near the road inside and relocating trailers. He said the owner of the tire business understands the tires and trailers would need to be in accordance with regulations.
During the presentation, the commissioners asked Thomey and Arik Jakob, of Segall, about the plan and annexation.
Commissioner Earl Piner asked the duo what businesses or tenants are anticipated for the property. Piner said he’s inquiring because the board has been “blindsided” by changing tenants before board votes through the years.
Jakob said there is a possibility of three tenants in the shopping center including a fast food restaurant, a coffee shop and a business geared toward medical use.
“I can’t disclose who they are yet, since we are negotiat- ing,” he said.
Jeanne Minner, town planning director, said she’s begun preparing a drafted plan and after it’s advertised in the newspaper, she will send it to the state for comment on the annexation. The plan will also go before the town’s planning board and will have to go back to the commissioners.
The next step in the process is to have a public hearing and the commissioners will make a decision on the annexation.
Commissioner Charles Givens led the meeting because Mayor Rob Alt was not in attendance.