CBRE, Inc. imageThe plans for Towne Harbour near the Grand Glaize Bridge calls for two hotels and a broadwalk shopping area.
The annual Re/Max Real Estate Symposium last Thursday
generated a little more excitement than usual when developer
Kent Nixon announced plans for a major hotel and retail
center in Osage Beach.
Nixon said he plans to build Towne Harbor on the former
Kalfran Resort property off Jeffries Road at about the
19.5 miler marker of the Main Channel. The major stumbling
block, he said, was the success of a Tax Increment Financing
(TIF) application he has yet to file with the city of Osage Beach.
Nixon said his vision is for an “entertainment district” that
would include two hotels, a boardwalk of retail shops, restaurants
and bars and other facilities. It would be built in two phases,
with the first getting underway by next summer.
“It all depends on the success of the TIF application,” he said.
“There won’t be anything quite like this at the lake.”
Nixon plans to have the letters of intent ready by the end of the
year and begin the TIF application process at the beginning of 2014.
The project would be the first major hotel resort/entertainment center
at the lake since Tan-Tar-A and the Lodge of Four Seasons were built.
A similar hotel resort planned by John Q Hammons near the Grand Glaize
Bridge failed to materialize several years ago after its TIF application
was delayed by a lawsuit, followed by Hammons’ poor health and eventual
death.
Nixon said the entire project would take about four years to complete,
with the first phase finished about two years after a TIF application
is approved by the city of Osage Beach. One of the hotels would be
located on the water, while the other would be closer to the Osage Beach
Expressway.
Nixon said he decided to unveil the plan here because the entertainment
and hotel segment of the market is beginning to show some age.
“The public expects a lot, and we seen an opportunity to create a game
changer, to swing the lake’s pendulum in the proper direction,” he explained.
“The lake needs to work on increasing its static population so it doesn’t
have to rely on only seven or eight months of income,” he said.
“It needs to be more of a year-round retail center.
While the city of Osage Beach is aware of the development, there has not
been an application for a TIF filed.
City Planner Cary Patterson said Nixon has visited with the city but so
far, there has not been any development plans filed with Osage Beach.
Zoning is not an issue for the proposed development. The current zoning
would allow for a development of this type, he said.
More to read on this at original source:
http://www.lakenewsonline.com/article/20131021/NEWS/131029887#ixzz2jDZUpzbJ
Thursday, October 31, 2013
RE/MAX Real Estate Symposium last Thursday generated a little more excitement than usual
Tuesday, October 29, 2013
Dick's Sporting Goods.... Bed Bath & Beyond slated to join Dierbergs in Osage Beach
OSAGE BEACH, Mo. — As Dierbergs Markets opens its doors next week, two national retailers new to the development will be getting their construction plans underway.
Dierbergs confirmed today that DICK’S Sporting Goods and Bed Bath & Beyond will open in the Dierbergs Lakeview Pointe Shopping Center within 11 months.
Dierbergs' new store in the center, 4655 Osage Beach Parkway, is set to open its doors at 9 a.m. Wednesday.
DICK’S Sporting Goods, a full-line sporting goods equipment, apparel and footwear company, plans to open its 34,000-square-foot store in November.
The housewares giant Bed Bath & Beyond, known for excellent customer service, everyday low prices and an extensive breadth and depth of product assortment, will open a 20,000-square-foot store in March 2014.
Two tenants attached to the supermarket, Eyes on Missouri (an optical store) and Great Clips Salon, are scheduled to open in May. The UPS Store and JJ Twigs Pizza both occupy space within the supermarket and will open for business when Dierbergs cuts its ribbon Wednesday. Dierbergs is still in discussions with a variety of national and local businesses interested in the center’s remaining retail space.
Tracing its roots to a country store founded in Creve Coeur, Mo., in 1854, Dierbergs Markets is a fourth-generation, family-owned chain of 24 supermarkets with more than 4,000 Associates. The company’s 25th store opens April 24 in Missouri’s Lake of the Ozarks; it is Dierbergs’ first store outside the metropolitan St. Louis market.
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