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D.  Criteria for Redevelopment Projects

 

USA (Georgia, Illinois, Tennessee, North Carolina, Florida, Texas, New Jersey, Massachusetts, New York,

          Pennsylvania, Virginia, Maryland, District of Columbia, Louisiana, California, Michigan and Colorado only)

 

Minimum Land Size

2 Acres

Maximum Size

200 Acres

Building Size

10,000 square feet or more

Occupancy

Not relevant

Age

25 years or less (flexible)

Potential Types

 

Office, Retail, Industrial or MF improvements in highly desirable retail areas. Must have at least one pin corner.

Future Use

Must have potential for retail development

Price

30% below market value or better

Traffic Count

40,000 per day (minimum)

Population within 3 mile radius

20,000 (minimum)



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