That’s up to the marketplace demands, but the City/County-approved Park East Master Plan does outline the following:
The Upper Water Street District foresees development that continues the strong pattern of residential that has flourished to the east, including higher density residential townhomes, apartments, and neighborhood 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.
The Lower Water Street District includes mixed-activity development that compliments existing patterns of small-scale entertainment, promotes an increased level of pedestrian activity, and maximizes use of the riverfront parcel to create an attractive location for office use.
The McKinley Avenue District contains large contiguous parcels suitable for large buildings such as corporate offices and entertainment venues. The intention of this district is to concentrate corporate offices to create new jobs, and to grow additional demand for downtown goods and services.
When will the Park East Corridor emerge as a fully-built extension of the downtown?
Again, this depends on the private marketplace but based on an expert analysis of current real estate market demands, it’ll 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 projections included in the Park East project plan.