Zoning for Jefferson Street Growth Attracts Attention

JeffersonSt-2015

Jefferson Street continues to attract more interest with investors and developers after the planning of the Capitol View project. This summer the Metro Development and Housing Agency plans to build an apartment (pictured) on Jefferson Street and plans are also underway for Mt. Zion Baptist Church to become The Dream Center, a recreational facility for the community.

Plans for Jefferson Street growth continues as Metro Councilwoman Erica Gilmore seeks another zoning change in the area. The change would allow buildings up to seven stories along Rosa L. Parks and Jefferson Street. Businesses such as title loan, cash advance, and pawn shops would be banned from opening in the area.

“Zoning can be an asset or a hurdle,” said director of planning Joni Priest with Hastings Architecture who had a key hand in drafting the Downtown Code in her former role as a Metro planner. “We have five years of proof that the Downtown Code is an asset, so why not extend that to an area that can use additional guidance and additional entitlements. It’s good planning practice to have both sides of any street to have the same entitlements.”

There will be a public hearing March 26 for the extension Gilmore and the Metro’s planning department proposed. The zoning extension will be for a Downtown Code to cover in the east by Rosa L. Parks, to the south by Jefferson Street, to the west by 11th Avenue North and the interstates and the northeast by Scovel Street up to Monroe Street near the Kroger grocery store.

The property uses should allow for a mix of places to live, work and shop while existing property use will be grandfathered so that is can continue it’s current state.

Now is a better time than ever to invest in this area.  Call me anytime for real estate advice. 615-500-2748.