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.