Monday, October 2, 2006

Route 60 Commercial Development

A long time reader Graham Little emailed me and asked about what's going on at 60 and Arden. So since I needed a post, I thought this was an excellent topic for the blog.

When the Lakewood homes development was on the drawing board, we were faced with a few choices. The major choice was the boards insistence that there be a significant investment in 60 and the new Cedar Lake Road. The second choice was our insistence on 30 acres in commercial set asides. At that time the village had a grand total of 43 acres (Fairfield and 134, Madrona, Bright Meadows and Wilson Road) of available commercial acreage so this was a substantial gain.

We could have demanded more commercial, but at a trade off for the Route 60 and Cedar Lake road project. In addition we originally wanted 40 acres together, but logistically this was not possible, so we settled for the the split site that currently exists, with 11 acres at the corner of 60 and Cedar Lake called Cedar Commons and the 20 acres on the South side of 60.

The project called Cedar Commons had a checkered history with the original developer being sued in every county in the area for all sorts of things it seemed like, and of course us having nothing happening until Lakewood could extricate themselves from the contract to market what is today Cedar Commons.

In the last few months we have made some excellent progress on the 26 acres and in fact are very close to getting final approvals for 26 acres of some very attractive stores and offices! This proposal has 192,000 sq ft of retail and office, along with a new signalized interesection. I am very excited by this project. The graphic above is of one of the proposed buildings as of a few weeks ago.

If anyone wants me to email the two PDF files of the development plans please email me and I will send you a copy.

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