Measures furthering development of lots at Big Bend Crossing approved by Crestwood board

The Crestwood Board of Aldermen last week adopted ordinances furthering the development of two vacant lots at Big Bend Crossing.

Aldermen approved a conditional-use permit for a medical-office building on Lot 1 of the property by a 5-1 vote.

Board President Jerry Miguel of Ward 3 was opposed because of his concern that Lot 1 could be better used for sales-tax-generating retail.

The board also approved a conditional-use permit for development of retail shopping on Lot 3 of Big Bend Crossing. That permit was adopted with a 6-0 vote.

Ward 2 Alderman Jim Kelleher and Ward 4 Alderman Steve Nieder were absent from the Feb. 27 meeting.

The medical building on Lot 1 will be built to include 25,000 square feet and have two floors of medical tenants. Retail shopping on Lot 3 will include 15,000 square feet of space.

Both lots are owned by Metropolitan Urological Specialists Inc., which recently purchased Lot 3 from the Novus Development Co. Last fall, aldermen unanimously amended the city’s original contract with Novus to ensure that Lot 1 could have medical use added to its original designation of retail stores, restaurants or a hotel.

But the cost of purchasing and developing retail on Lot 3 in addition to developing the medical facility on Lot 1 is actually “about $10 million cheaper” than it would have cost to construct the mixed medical/retail center on Lot 1, according to Metropolitan Urological attorney Brad Cytron.

Patrick Hensley of Hensley Construction said this is due to his company no longer being required to construct a two-floor, concrete parking garage on Lot 1 that would have been necessary for both medical and retail use.

Miguel has said he voted “no” because he is concerned that changing the use on Lot 1 from medical/retail to strictly medical will deny the city roughly $100,000 per year in sales-tax revenue that he estimates could be collected on Lot 1.