New Jonesboro Medical Center Drawing Retail Development Boom

by George Waldon  on Monday, Oct. 21, 2013 12:00 am  

Even before those potential customers have arrived, nearby businesses are thriving.

A Dairy Queen at the northeast corner of Pleasant Grove Road and East Johnson Avenue was projected to do $880,000 in sales in its first year. The 1,880-SF restaurant at 4100 E. Johnson Ave. did $1.5 million in sales during 2012, in less than a full year of operation.

With that kind of market reception, it’s no wonder the 3.2-acre Prospect Missionary Baptist Church property at 4200 E. Johnson Ave. is under contract with a full-price offer of $1.5 million.

The location is slated for redevelopment with upscale retail space on the front portion of the site with a possible small office building on the back.

Groundwork

The 2006 opening of Bruce Burrow’s Mall at Turtle Creek project established a huge retailing anchor for commercial development at the northeast corner of Stadium Boulevard and Highland Drive.

Roughly halfway between the 731,000-SF retail hub and new NEA Baptist campus, a dormant development could be awakening.

The 200-acre tract, owned by the Snellgrove Family Partnership, is positioned to become another commercial hub on the edge of the ASU campus at Stadium Boulevard and Johnson Avenue.

“We anticipate that thing going to market during the next 12 to 18 months for a major mixed-use development,” said Gary Harpole, president and chief operating officer of Jonesboro’s Halsey Real Estate Inc.

“We think this could be the single biggest commercial development in Jonesboro. The city has never had a mixed-use development of this scope.”

Harpole said retail will be a major component of plans along with student housing.

 

 

Please read our comments policy before commenting.