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Berkley IV

 

APPROVED BY CITY COUNCIL-1994
 
BRIEF DESCRIPTION OF PLAN OBJECTIVES
·         Acquisition and demolition of all properties within the project area-approximately 85 parcels
·         Relocation of occupants
·         Redevelopment of the area in residential, commercial, and institutional uses
·         Provision of improved public facilities, including underground utilities; new and upgraded streets, curbs, gutters; parks; and other site improvements as required by the new development
 
BRIEF DESCRIPTON OF IMPLEMENTED ACTIVITIES
·         Developed Berkley Shopping Center, including infrastructure-only outlying parcels remain for development.  
·         Completed development of 15 housing units
·         Disposed 27 properties
·         Acquired 36 properties
·         Demolished 10 properties
·         Relocated 44 displaced residents and businesses
·         Provided 2 loans for home purchase through the HOME program
·         Construction  completed of 6 single-family homes at Irving and S. Main Streets
·         Currently assembling land for the proposed S. Main Street/ W. Liberty Street commercial corridor
·         The EDAW Southside Area Revitalization and Implementation Plan, which includes 
        the communities of Berkley ( III and IV), Campostella, and Campostella Heights has been
        reviewed by the City. A General Pan change is pending.
 
TOTAL AMOUNT OF INVESTMENTS THROUGH FISCAL YEAR 2008 BY FUNDING SOURCE

CDBG
$1,891,389
CIP
$5,549,744
HOME
$93,103
OTHER
$462.000
TOTAL
$7,996,236

  
PLAN STATUS/RECOMMENDATIONS AND ANTICIPATED EXIT DATE
 The length of time remaining to complete activities in Berkley IV depends on and is directly related to future revitalization and planning efforts in the EDAW study and future funding capacity. This could range from 5- 15 additional years.
 
Immediate planning and funding efforts, include the continued provision of rehabilitation funding and technical assistance, the build-out of the site adjacent to the Berkley Shopping Center, and the acquisition of the final parcel necessary to assemble the proposed S. Main Street- Liberty Street corridor.
 
Two additional parcels scheduled for future development are also located in Berkley IV. The northern-most tract is bounded by Berkley Avenue on the north, Liberty Street on the south, S. Main Street on the east, and State Street on the west. The second parcel lies two blocks south and is bound by the Berkley Multi- Purpose Center on the north, Bainbridge Boulevard on the south, South Main Street on the east, and Interstate 464 on the west. Based upon market demand, funding, etc., it is conceivable that either or both parcels could be developed within 3-7 years.
 
Should the general Plan be amended to reflect the EDAW study, the redevelopment plan will need to be amended. If this occurs, it is projected the project will remain active for an additional 10 years.
 

Overton’s Market to be demolished in first quarter of 2010.

Redevelopment Project
Active Project

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