Overview

The Yorktown Redevelopment Commission (YRC) set forth in 2016 to create a Downtown Redevelopment Plan with clear goals, build-able design direction, realistic budgets, and implementation strategies. To complete the next phase of redevelopment, the Town is working to assemble the half-square block located between Vine, Market, and adjacent to Canal. Currently, the Town owns five of the six parcels that make up the half-square block. READI funds will be used to purchase the remaining 0.10 acre parcel located at 9315 W. Canal Street. The property was formerly a residential lot with a 2,450 SF duplex structure. The proposed $250,000 in READI funds will cover the purchase price for the site. Following the transfer of property ownership, the Town will solicit an RFP with the intent of selecting a partner to develop a mixed-use residential and retail space. Per the 2016 Plan, the property will be used for the development of a mixed-use building, allowing new retail and residential opportunities within the heart of Yorktown’s downtown. According to the economic impact analysis, the redevelopment is expected to generate nearly 200 jobs and, over the course of 10 years, contribute approximately $150 million in economic activity. Information on plans, concepts, impacts, and progress can be found at https://www.growyorktown.com/.