Development scenarios from feasibility study
TOWN SQUARE
School and a central green square where the main hospital building stood. No industrial development. Largest preserved area.
Projected annual city tax revenue: $5.2 million
Estimated jobs created: 4,380 permanent; 5,600 construction
Residential units: 644 (139 single family, 18 duplex, 27 triplex, 45 townhouse, 415 apartments)
Senior living units: 141
Commercial space: office 206,400
SF; flex 160,000 SF; Industrial 0; Retail 92,800 SF
Preserved land: 90 acres
GRAND BOULEVARD
Largest development area, 120 acres. Most industrial space. Largest senior care facility. Transit station.
Projected city tax revenue: $6.15 million
Estimated jobs created: 6,637 permanent; 6,819 construction
Residential units: 524 (54 single family, 0 duplex, 24 triplex, 16 townhouse, 430 apartments)
Senior living units: 170
Commercial space: office 172,800 SF; flex 240,000 SF; industrial 330,000 SF; retail 140,000 SF
Preserved land: 69 acres
URBAN PLAZA
Large plaza along Hanover Avenue. Transit station. Smallest senior care facility. Largest park.
Projected tax revenue: $5.8 million Estimated jobs created: 5,300 permanent; 6,400 construction
Residential units: 598 (73 single family, 22 duplex, 45 triplex, 74 townhouse, 384 apartments)
Senior living units: 143
Commercial space: office 268,800 SF; flex 80,000 SF; industrial 210,000 SF; retail 125,000 SF
Preserved land: 83 acres