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Posts Tagged ‘property disposal’

Ft. Monmouth Sparks Heightened Interest from Residential, Retail Developers

  • September 23, 2014
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Competition among residential and retail developers for space at the former Fort Monmouth has been growing recently as central New Jersey’s real estate market heats up. “As every day goes by, the market is getting stronger in those areas,” Les Smith, senior director at Cushman & Wakefield, told the New York Times. “If you come up with a good development site, they want it,” said Smith, whose firm is the real estate broker for the Fort Monmouth Economic Revitalization Authority …

Air Force to Transfer Last Parcels at Chanute AFB to Community

  • September 23, 2014
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The Air Force has approved transferring 394 acres at the former Chanute AFB, Ill., to the village of Rantoul via an economic development conveyance in a move that will complete the property’s transfer and allow the community to advance its development plans. The village can now approach developers interested in the site “so we can [realize] the economic growth in Rantoul that’s been on hold for such a long time,” Mayor Chuck Smith told the News-Gazette. Smith said there are three firms looking at properties at Chanute, which was shuttered in September 1993 after being recommended for closure in the 1988 BRAC round …

Residents Show up at LRA Meeting to Oppose Ft. McPherson Sale

  • September 17, 2014
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More than 100 residents showed up Tuesday at a regular meeting of the Fort McPherson LRA to air their concerns about the authority’s agreement to sell two-thirds of the post to filmmaker Tyler Perry. Many community members turned out after receiving calls from state Sen. Vincent Fort and a local nonprofit upset that Atlanta Mayor Kasim Reed had abandoned the mixed-use plan for the site that the LRA had spent years crafting, according to the Saporta Report. Fort told the McPherson Implementing Local Redevelopment Authority that he was concerned about the lack of community engagement regarding the decision to sell 330 acres of the 488-acre site to Perry …

D.C. Hospital Looks to Obtain Piece of Walter Reed

  • September 10, 2014
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A Washington, D.C.–based pediatric hospital is hoping to obtain a parcel on the campus of the former Walter Reed Army Medical Center for an institute devoted to biomedical research. A deal, however, has not yet been reached between the Children’s National Health System and the federal government. Language in the House version of the fiscal 2015 defense authorization bill authorizes — but does not require — the Army to convey 13.2 acres to the Children’s system at no cost …

Master Developer Competition for Willow Grove Narrows to Four Teams

  • September 2, 2014
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One of five teams vying vie to become the master developer for the former Naval Air Station Joint Reserve Base Willow Grove withdrew its bid and, instead, has joined forces with one of the four remaining competitors. Toll Brothers, which is headquartered in the same town as the installation — Horsham, Pa. — now is part of the team led by Miami-based Lennar Corp., reported the Philadelphia Business Journal. The teams submitted their proposals to spearhead redevelopment of the 862-acre site located north of Philadelphia to the Horsham Land Redevelopment Authority last month …

Kroger Groundbreaking Marks Start of New Life for Ft. Gillem

  • September 1, 2014
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State and local officials are pointing to last month’s groundbreaking ceremony at the former Fort Gillem for a 1 million-square-foot distribution center for Kroger as the first step in converting the Atlanta-area post into a major logistics hub for the region. “It is good to see this property being able to be used for other purposes, and I know that many of you have waited for this first breakthrough event, and I believe it is just that,” Georgia Gov. Nathan Deal (R) said at the Aug. 19 event, reported WABE. “It is the beginning of what hopefully are many other opportunities for development will follow …

State Senator Urges Army to Scrutinize Ft. McPherson Sale to Tyler Perry

  • August 26, 2014
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State Sen. Vincent Fort (D), whose district includes the former Fort McPherson, is asking the Army to consider the repercussions of allowing the LRA to sell two-thirds of the post to filmmaker Tyler Perry, given the many years spent by community members crafting a mixed-use plan for the site. The proposed sale is “an abandonment of the approved … plan and is a betrayal of the citizens of East Point and Atlanta,” Fort said in an Aug. 7 letter to Army Secretary John McHugh. “There was a master plan in process that went on for several years,” he told Army Times last week …

Ft. McPherson Sale to Filmmaker Still Has Federal Hurdles to Overcome

  • August 14, 2014
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The LRA for the former Fort McPherson will need to satisfy several concerns from the Army and the Department of Housing and Urban Development before its sale of about two-thirds of the post to filmmaker Tyler Perry for a movie and television production campus can be realized. Before the Army approves the sale of 330 acres of the site located on the southwest edge of Atlanta, the McPherson Implementing Local Redevelopment Authority will need to demonstrate in its application for an economic development conveyance how Perry’s studio satisfies requirements that the installation will be converted to a use that creates jobs …

State Approves Measure to Overhaul Redevelopment of NAS South Weymouth

  • August 11, 2014
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Eleven days after the Massachusetts Legislature closed its formal session without approving legislation intended to jump start the redevelopment of the former Naval Air Station South Weymouth, a vote Monday by the state senate during its informal session cleared the measure to go to Gov. Deval Patrick (D). The House passed the bill last week during its informal session, during which any lawmaker can block legislation. “A lot of time, effort, and resources were dedicated to getting this legislation enacted today,” said state Sen. Robert Hedlund (R) of Weymouth …

Ft. McPherson LRA Approves Sale to Filmmaker Tyler Perry

  • August 10, 2014
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The LRA for the former Fort McPherson on Friday approved a memorandum of understanding with filmmaker Tyler Perry for the purchase of 330 acres, about two-thirds of the former post located on the southwest edge of Atlanta, for a movie and television production complex. Under the agreement, Perry, best known as the creator of the “Madea” film franchise, would purchase the property for $30 million to build up to 16 sound stages. “I am confident that this kind of development will bring hundreds of permanent jobs into the area, and attract robust additional investment into the Southside of our city,” said Atlanta Mayor Kasim Reed …

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