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CDA reviews 102nd/National Avenue corridor prospects; National Avenue construction to continue about two years
Summary
Staff briefed the CDA on market interest at the 102nd and National Avenue corridor, noting mixed occupancy rates, developer inquiries for corner sites and a National Avenue reconstruction project with large stormwater work expected to take around two years.
Staff presented a preliminary real-estate review of the 102nd and National Avenue corridor, noting some office buildings are well-occupied while others have little or no occupancy, and that a national tenant recently inquired about a corner site. The presentation highlighted visibility at interstate on/off ramps and underused parking lots that could support redevelopment.
The board discussed the National Avenue construction timeline and stormwater installations. A committee member asked when the construction would finish; staff estimated it as a two-year effort and said state utilities and stormwater work are largely driving the schedule. "I think it's a two year effort," the staff member said when asked about project timing. Staff signaled that more detailed market and negotiation matters could be discussed in closed session.
