Marcus Jones
speaker
6,437 appearances
64 recordings
3 series
first heard Sep 2023
last heard 14 Sep
Marcus Jones’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 18 in all, peaking in Nov 2025 with 3.
Appearances
Todd DeLong, Economic Development.
Absolutely.
The market has changed a little bit on both the residential and the commercial side.
And what this does, it allows us to maintain a competitive position to attract the type of tenants that we've really been trying to attract on that property, particularly from a commercial tenant perspective.
We talked about grocery stores.
We talked about other types of assets and amenities for the community.
This was the main driver for this.
This helps us maintain that position.
By not extending it, it puts us in a worse position trying to keep that momentum going of what's already occurring on the site right now.
Absolutely.
And I would say that when we started this project, we always anticipated the commercial elements to be last because they would be following the rooftops and following the sports campus.
Fortunately, the sports campus has lied a little bit from when we initiated the master development agreement with the developer.
And then the single family and the housing piece that is directly behind the multi or the mixed use development, that's also lagged down just because of softening of the market and interest rates.
Once those pick back up, we fully expect the additional retail interest to actually come back into the picture and it'd be a little bit more active in that front of actually, like I said, we've always thought once that actually happens, then you're starting to be able to attract those types of tenants a lot better and a lot easier.
Absolutely, and I would just add to that front.
I think with the master development agreement, we actually worked really well with the developer of understanding of kind of laying out what those uses are because we do have restrictions on square footages, types of uses, but we don't overly restrict on it has to be a box or it has to be this.
So I think given the experiences we've had with the developer to this point, I think we've all understood that flexibility is key here and understanding how to be dynamic to those changing and shifting retail demands.
and that we can work well to kind of make sure we are mitigating some of the challenges you might be talking about just to how retail evolves over time.
We did not vote.
I'm sorry.
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