Park East Corridor
What will be built in the Park East?
That will depend on what the market demands, however, the City/County-approved Park East Master Plan does outline the following:
The forsees development that continues the strong pattern of residential which has flourished to the east, including higher density townhomes, apartments and neighborhood-supported retail on the ground floor. The development will create an extended downtown residential neighborhood, seamlessly connecting the Brady Street, Beerline "B" and original Park East (Ogden area) neighborhoods.
Two completed residential projects, The North End and The Flatiron
The includes mixed-activity development that compliments existing patterns of small-scal entertainment, promotes an increased level of pedestrian activity and maximizes use of the riverfront parcel to create an attractive location for high-tech office uses.
MSOE Soccer Stadium & Parking Structure ManpowerGroup Headquarters
Thecontains large continguous parcels suitable for large buildings such as corporate offices and entertainment venues. The intent of this district is to concentrate corporate offices to create a daytime population that would support existing entertainment and restaurant venues.
When will the Park East Corridor emerge as a fully-built extension of the downtown?
This will also depend on the demands of the private market, but based on an expert analysis of current real estate market demands, it will take 7 to 15 years for all sites in the Park East Corridor to be purchased and redeveloped by the private sector. This estimate follows the original projects included within the Park East Tax Increment District No. 48 Project Plan.