northgate redevelopment implementation plan - City of College Station

NORTHGATE REDEVELOPMENT IMPLEMENTATION PLAN
ON-GOING TACTICS
The on-going steps which should be taken
toward fulfilling this vision include:
1. Block Infill with One Major Land Owner.
This represents the least complex opportunities
to reinvent the residential density and quality in
the district
1. Block Infill with One Major Land Owner
2. Block Infill with Multiple Land Owners
3. Block Infill with City Sponsorship
2. Block Infill with Multiple Land Owners.
When multiple landowners are involved in one
block the syndication of properties is called for.
This method would roll up the individual owners
into a limited partnership that would then
pursue common redevelopment and property
management.
3. Block Infill with City Sponsorship. Where the
City already owns land, it could become the
sponsor of redevelopment in the area through a
redevelopment authority.
4. Organize an Entity to Facilitate 1031
Exchanges & Land Swaps. This could become a
function of the district management entity.
4. Organize an Entity to Facilitate 1031 Exchanges & Land Swaps
5. Continue Church Street Enhancements
6. Develop Anchor Tenant Action Plan
5. Continue Church Street Enhancements. The
realignment of the east end of Church Street
should be pursued along with construction of
the streetscape improvements.
Neighborhood Park
Channelization
6. Develop Anchor Tenant Action Plan. The city
should engage the owners of Albertson's to
retrofit the building as a District anchor by
offering low interest loans and infrastructure
upgrades such as the realignment of Church
Street.
Neighborhood Park
7. Channelize the creek between Boyette and
the Bryan city limits. Purchase adjacent vacant
lots and develop the reclaimed land as a neighborhood
park.
7. Channelization of Creek and Creation of Neighborhood Park
44