The Port Authority will develop at least one business center along the route -- the proposed 25-acre Westminister Junction Business Center. The city is expected to build new housing in the area and renovate existing housing already there as part of the project.
The property also will be used for park and open space. Three tenants on the property north of the Union Pacific Mainline and south of Wells Street between Payne Avenue and Arcade Street will be relocated by summer.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
