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Otter Crossing <br />Speculative Retail Development <br />Main St (Co. Rd. 14) at Otter Lake Road <br />July 17, 2020 <br />Overview: A new multi -tenant, single story retail building on undeveloped property. <br />Development Team: <br />Developer/Owner: <br />Architect: <br />Civil / Landscape: <br />Tyme Properties <br />Edward Farr Architects <br />Pioneer Engineering <br />Retail Project At -A -Glance: <br />Site Area, for Lot 1: 62,181 sq ft / 1.42 acres <br />Zoning: GB —General Business <br />Proposed Development: New 7,800 sq ft single story retail building, approx. 24 ft high. <br />Proposed Parking: 71 Stalls. <br />Land Development Overview: Tyme Properties owns approximately 30 acres of undeveloped <br />land at the northeast quadrant of 1-35E and C.S.A.H. 14 (Main Street). The property is being subdivided <br />into a series of Outlots, one Lot, and road R.O.W. per the proposed Preliminary Plat and as follows: <br />- Lot 1 is being proposed as a new retail building development, called Otter Crossing. <br />- 'Street A' will be built in Outlot D for access into Lot 1. <br />- A regional storm water basin is proposed in the southwest corner of Outlot A, protected by a <br />new Drainage and Utility Easement. <br />- Right -Of -Ways are being dedicated for public purpose for Otter Lake Rd. and C.S.A.H. No. 14. <br />Vehicular Access: The property is accessed from Otter Lake Road. A new road is proposed within <br />Outlot D to provide direct access to Lot 1 and other future development sites. The intersection of <br />Otter Lake Rd and Main Street has already been improved with traffic signals and turn lanes in <br />anticipation of future development in this area. <br />Retail Development Proposal: A new 7,800 square foot, single story retail building is proposed <br />on Lot 1. This will be a multi -tenant building leased to typical small retail shops. The east end cap <br />suite is proposed to have a drive-thru lane for a coffee shop or fast food restaurant user. <br />Parking and Circulation: 71 parking stalls are proposed, more than the 45 minimum stalls required <br />for general retail and fast food uses. A generous queueing lane and circular route is provided for the <br />drive-thru lane without blocking parking stalls. Further, a couple of stalls can be dedicated in the <br />northeast corner for drive-thru order waiting to keep the drive-thru lane moving quickly. A bike rack <br />will be provided to encourage ridership. <br />1 <br />