Several small infill sites on Second Street provide opportunities to develop new townhouses.
Attracting new residential development represents one of the most important strategies for securing downtown revitalization because it does so many things at the same time:
First Street – Opportunities along First Street include vacant warehouses on both sides of the street, and large vacant parcels on the south side of the street closest to the high school
Second Street – Numerous surface parking lots on 2nd Street can be in-filled with housing
Riverfront – Many parcels along the banks of the Chadakoin River are well suited for redevelopment for housing
The market analysis identified potential demand for as many as 150 units over 5-7 years, divided this way:
• 50-60 new small houses (1,000-1500 sf) in neighborhood setting;
(FIRST & SECOND STREETS)
The new Riverwalk has already created an attractive setting for potential future housing development.
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