By Mike Sunnucks | Rose Law Group Reporter
The City of Glendale will look at the future of a remnant parcel at the Glen Lakes Golf Course redevelopment at Northern Avenue near 55th Avenue at its Oct. 12 meeting.
The golf course property has been sold and is being redeveloped with a residential development called Trevino.
The city needs to figure out what to do with a remaining small parcel.
City staff recommends Glendale retain ownership of the 1.48-acre parcel which is currently zoned for agricultural use while the adjacent residential community is built and then look at rezoning and sale options.
The council also could opt to utilize a real estate broker now and solicit development proposals for the parcel. Those options could include some use restrictions approved by the council.
City staff said a “professional opinion” on the property from the real estate investment firm Nathan & Associates pegged the value of the parcel at $6.50 per square foot or $419,049, according to council documents.
City will also have to look at rezoning options for the parcel as part of its potential disposition.
