Commercial Sites Ready for Redevelopment

New development has been the discussion infor the past month, but as the debate over the and move forward, other noticeable sites around town are beginning to makes their first steps to redeveloping old sites.

A positive outlook on office and retail demand in the city has left many developers looking to fill old spaces before the freeway is widened, which would drive traffic to the city. And while some sites, like the , have stalled in their development, other sites with lower profiles could be up and running by the end of next year.  Here’s an update on some sites around town:

Silk Mill

A stagnant economy and some zoning issues have stalled the historical silk mill site on Lakeville St., where a hotel and ground floor retail were being planned.  Developer BPR Properties and the city will need to rethink the next step on the project. 

“Market changes have stalled it,” said Ravi Anand, who represents the BPR Properties. “Right now, it’s really on the shelf. It’s still to be determined what the best use is and the right time to move forward.”

The site is still approved for hotel and retail use, although that could change. Anand has been approached by other companies to sell the site so that it could be developed into apartments or senior housing, but no deal has materialized. The project will likely be on hold until early 2012.

Parker & Gordon Feed & Grain Mill

Developers of the old Parker & Gordon Feed & Grain Mill site (368 Petaluma Blvd. North) have begun some internal demolition on the property, which is set to be a mixed-use development with apartments and retail or office space.

Demolition began in mid-August, and North River Landing has set a target date to begin redevelopment in March 2012, when all the tenants are expected to be out.

“Fall 2012 is the expected completion date for Phase One,” said Chris McCarthy, general partner for North River Landing, although that date is still a moving target.

Phase One, of four, will include 80 apartments. Once the redevelopment is complete, 194 apartments will take up the space with 20,224 square feet in ground floor retail or office.

1004 Lakeville St.
(former Watersavers Irrigation building)

Anyone who has grabbed a burger aton Lakeville in the past two weeks will notice a pile of rubble where the offices once stood.

Just as quickly as the company left, the building was torn down to make way for what will end up being a retail site, according to Cassidy Turley’s Brent Foster, the commercial broker for the site.

There are still some contingencies to clear up before the developer can be brought in, but all of those could be cleared up within 30 to 45 days.