On Monday the Prescott Planning and Zoning Commission unanimously approved to allow commercial and high-density development on a 58-acre parcel on the east side of Highway 69 north and south of Kachina Place.  Developers Rod Spray and Ron Jones have planned multi-family housing on the north side of the property and commercial/retail on the south side.  The plans were routinely approved by the commissioners, but a few were concerned about the proposed 70 foot maximum building heights. 

Commissioners also endorsed two amendments on a 23 acre parcel near Bradshaw Mountain High School West.  A minor change to the general plan was approved changing the designation from a combination of low-density residential and public/quasi public to community commercial.  Approval was also given to rezone all 23 acres to commercial - the developer plans to entice businesses such as shops, restaurants and banks.

Traffic may pose an issue, but developers in both cases are excited about potential community benefits.  Studies on both parcels will continue.

Please contact Tim Anderson for more information about commercial opportunities in Prescott

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Terry Clayton, a Prescott Valley real estate investor, hopes that the concept of condominium warehouse development will take flight in Prescott AZ.  Clayton recently proposed a new project to the Planning and Zoning Commission - it was voted 7-0 to forward the preliminary plat to the Prescott Town Council.  The Lake Valley Business Park would be located on a five acre parcel just west of Lake Valley Road and South of Highway 69. 

The project will target local small business owners that want to own commercial space rather than rent.  Available spaces may be as small as 600 sqft.  Common space will be maintained by a condo association. While the association would maintain the building, owners would own from the interior walls in.  Town planners would like to see three stipulations met before the project is considered:

• Water supply verification
• Approval on fire code regulations
• Provision for a traffic study

Look for available space in this business park as soon as August of 2008!

Please contact Tim Anderson about available opportunities for your small business.

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