Phasing; Project Schedule; Market and Feasibility Study. a. In an effort to mitigate and minimize both the construction time and the disruptions associated with a large construction project—such as noise, traffic and general community disruptions—the Project consists of two overall phases, referred to as Xxxxx 0 xxx Xxxxx 0. Xxxxx 2 consists of the renovation of the existing retail space within the portion of the Property bounded by Church, Cherry, Bank and St. Xxxx Streets, the renovation of the Church Street entrance to the Property, and the construction of ±76,000 sq. ft. on such portion of the Property, contemplated to be of Class A commercial office space. Phase 1 consists of the balance of the Project, including all housing, parking, and Public Improvements. Owner desires to commence construction of the Project on or before January 1, 2017. Nothing herein shall preclude Owner from revising Phase 1 or 2 to add or modify uses of the Property in a manner consistent with the applicable zoning ordinance then in effect.
Appears in 4 contracts
Samples: Predevelopment Agreement, Predevelopment Agreement, Predevelopment Agreement
