PHYSICAL CONDITIONS
CONCLUSION
In summary , very few physical constraints exist within the Study Area that will inhibit reinvestment activities . In fact , several factors make key sites within the New York Avenue Corridor ripe for reinvestment . Vacant parcels along key roadway corridors with great visibility and traffic counts , and key retail parcels that are underutilized , with local ownership and with positive owner tenure provide substantial capacity for infill development and redevelopment .
In some cases , zoning changes may be necessary to accommodate the envisioned development , but those changes can be targeted to key properties . Additionally , some infrastructure improvements will also be needed to improve the overall quality of streets in the area to ready the environment for private sector reinvestment .
Specifically , three areas were identified as “ Opportunity Sites ” with key indicators supporting reinvestment / redevelopment . The parcels on the Southeast corner of New York Avenue and E . Abram Street have local ownership and are significantly underutilized , with three of the parcels being vacant and others having a low improvement to land value ratio . The parcels on the Southeast corner of E . Park Row Drive and New York Avenue have local ownership , favorable tenure ( acquisition prior to 1992 ), and are underutilized with a 40 % -60 % improvement to land value ratio . Finally , the parcels on the north side of E . Arkansas Lane , west of New York Avenue have local ownership , favorable tenure ( acquisition prior to 2002 ) and are significantly underutilized , with the largest parcel being vacant . The vision for each of these sites and proformas are detailed in the Vision section of this document .
ARLINGTON , TEXAS
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