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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