The Clarksville Redevelopment Commission has approved an agreement with Louisville-based Hogan Real Estate to purchase and redevelop a five-acre property. The News and Tribune reports the developer will buy the property for $4.9 million and must meet certain requirements in its redevelopment.
The agreement stipulates the property must remain a "multi-tenant retail/services/restaurant" project and businesses such as auto-related companies or bars will not be permitted, according to the publication. The town is also requiring Hogan to try and secure a coffeehouse with a drive-thru and a restaurant with fewer than eight national locations.
The News and Tribune adds the developer must buy the property with 30 days of approving all conditions, including permits and zoning, and will be required to build a stoplight at Sam Gwin Drive and Veterans Parkway. A developer told the publication in August that construction is expected to start in the second quarter of 2017.
You can view the article from the News and Tribune by clicking here.