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Council authorizes negotiations with Willow Capital for proposed 200,000+ sq ft southern-bypass retail project
Summary
The Enterprise City Council on July 15 authorized the mayor and city administrator to begin formal negotiations with Willow Capital Partners on a proposed retail development of at least 200,000 square feet along the city's southern bypass.
The Enterprise City Council on July 15 approved Resolution 071525a authorizing Mayor Mary Cooper and the city administrator to begin formal negotiations with Willow Capital Partners on incentives for a proposed commercial development along the city's southern bypass.
City staff described the proposal as a minimum 200,000-square-foot retail project designed to attract an anchor tenant and reduce retail "leakage" (sales and customer trips leaving the local trade area). The concept presented to the council envisions an anchor of roughly 120,000 square feet, a second large tenant of approximately 50,000 square feet and multiple 15,000-square-foot inline stores, with…
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