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DOWNTOWN’S SIX DISTRICTS

CHAPTER 5

Catalyst The opportunity for a catalyst project in Downtown Northeast is immense; a new, quality project could truly transform a whole part of the downtown from a commercial strip to a vibrant, walkable place—one that is critical for retaining a young, talented workforce. Development challenges for a quality developer are equally great. Uses such as gas stations and fast food restaurants are very costly to acquire, requiring density to create economic viability. The density, in turn, requires costly structured parking. Any new development should provide thoughtful transitions to adjacent single family and historic structures on Progress Street, as well as to community aspirations for an enhanced alleyway. This translates into a need for the assembly of multiple parcels, some of which may need to be nearby, but not contiguous, in order to accommodate parking needs. The potential upside is great; however, a catalyst project would meet multiple town objectives, creating the strategic rationale for a public- private partnership.

POTENT I AL CATALYST

preservation

new construction & redevelopment

open space & streetscape

DISTRICT DEVELOPMENT SUMMARY

113 Downtown Blacksburg Strategic Plan

65 units

15k square feet

Mid-Career Apartments

Ground-Floor Retail