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After nearly 16 years of planning, development plans for a 270-acre swath of land at the intersection of Butler Avenue and Fourth Street are nearing fruition, and new homes could be under construction as soon as 2020.
Investors who own the property are asking the city for a rezoning of 26 acres before the project moves forward, said Brian Rhoton, one of the owners of Capstone Homes, which is managing the property on behalf of investors.
Rhoton said many of the single-family houses built on the site could be on the lower end of the price range and the site could make significant additions to the city’s stock of available apartments.
