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Cloverleaf Mall Area Redevelopment Presentation by Edward B. Barber,Supervisor Chesterfield County, VA October 2003 Cloverleaf Mall Area Redevelopment Two research efforts undertaken for the County: The Chesapeake Group Urban Land Institute Tech Assistance Panel
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Cloverleaf Mall Area Redevelopment • Presentation by Edward B. Barber,Supervisor Chesterfield County, VA October 2003
Cloverleaf Mall Area Redevelopment • Two research efforts undertaken for the County: • The Chesapeake Group • Urban Land Institute Tech Assistance Panel
Cloverleaf Mall Area Redevelopment • Major Conclusions • Demand forecast indicated potential for a number of uses • Use as a regional retail center not feasible • County needs to be flexible in reuse • County needs to play an active role in transition of the area • Need to find a Master Developer with financial capacity and experience
Cloverleaf Mall Area Redevelopment • Next Steps • County is now undertaking a national recruitment process to secure a developer with the financial capacity and experience to plan, program and reinvest in the site and area
Cloverleaf Mall Area • Study area
Cloverleaf Mall Area • Eastern Midlothian
Cloverleaf Mall • Assessed valuation vs. taxes 1995-2003