Brewer's Green Street Properties Inc. is developing Glenwood Park on the site of a former concrete recycling plant near Interstate 20 and the Glenwood-Memorial Connector. The first homes and shops are tentatively scheduled to open in first quarter 2004.

Brewer couldn't be reached at GlobeSt.com's publication deadline. But area brokers familiar with the former Internet entrepreneur tell GlobeSt.com Brewer envisions Glenwood Park as a new category of city neighborhoods, one in which residents, office workers, cyclists and shoppers will be able to navigate on narrower streets with slower vehicular traffic. Brewer is investing an undisclosed amount of his own money, reportedly in the millions, into the project.

Initial asking prices for the single-family detached homes are expected to range from $265,000 to $500,000. The townhomes may be marketed from $150,000 to the $400,000-plus level. Condominiums will be in the $120,000 to $200,000-plus range. Much of the housing will be developed over retail and office properties.