- The "Jones Valley" portion: 10 outparcels lining 72 East and Old Gurley Road, for restaurants (seemed to mention Outback Steakhouse a lot, a clue?), a pharmacy, banks. This part could be completed in about a year, and construction could be seen in a couple of months if all goes well and it is approved by the city.
- The "Westside Center" portion: 60 acres for "big box" retail; current plans call for two large anchors (one looked a lot like a SuperTarget), 4-5 "junior" anchors (stores such as Goody's and Dick's Sporting Goods), and smaller stores. This phase would be completed in at LEAST 3 years, according to Walker.
- 200 acres of multi family residential, mostly condos/apartments, but some townhomes. The residences will be priced in "the $200-400,000 range." This phase should be built at the same time or a little later than the retail portion.
- The "Providence" portion: A 40 acre town center, with retail space on the bottom and lofts/condos on the top floors. Walker said that this will probably be the last thing to be built, when (or if) the development is successful.
- A hotel, which wasn't talked about but was still on the plans.
- The rest of the 600-acre development will be preserved as parkland/greenspace, with walking trails, bike paths, etc.
Note: any tenants I mentioned here are completely theoretical, I am throwing them out there to show what COULD go in there. Walker said that retailers are taking a cautious "wait and see" strategy right now, with the failing economy and upcoming presidential elections, and more locally, waiting to see how many people come with BRAC. Overall buildout could take around seven years, which is common for a project of this magnitude.
One thing I would like to point out about the meeting: the surrounding neighborhood, which has a history of being very vocal about nearby development (a couple of years ago, a developer wanted to build cheap apartments next to the neighborhood, which brought on a lawsuit by some of the homeowners), seemed very enthusiastic about the project for the most part. There were some concerns about traffic, which was forseen, but I think the largely positive attitude shown by the neighborhood will bring this project closer to fruition.