Monday, September 29, 2014

Updates in Marion Development

Today's post is a hodgepodge of updates from the last month.

Casey's General Store at 2314 W. Main St. in Marion, will open for business Friday. It's the first new development on the east side of Exit 53 in years and takes the place of the old 1940s-era Marion Bowl.

The store helps cleanup the corner of Main and Seventh Streets which had been the site of two gas stations in addition to the bowling alley. Both stations have been demolished as well.

Farmers State Bank's new building in front of Walmart is well underway. It will be the bank's second location in Marion. It appears they will get a new neighbor as well.

Dennis and Lisa McDonald of Kevil, Ky., purchased the adjoining 1.06 acre tract from Walmart for $260,000 on Aug. 5, but the deed wasn't filed until 10 days ago. There's no word what they plan to build, but Dennis operates The Mattress Guys store in Cape Girardeau.

The purchase price comes to $5.63/sq. ft., a bit cheaper than the $15/sq. ft. which is the going rate for property nearby on Halfway Road. Deed restrictions require that any building be no more than 7,000 sq. ft. and must be used for an office, restaurant or retail.

In residential development the city approved the plat for Phase X of Morningside Subdivision on the northeast side of down. This 10-acre addition will extend Dew Drop Drive south from where it ends south to the first curve on Broeking Road.

Barnett bought the tract in June from Morningside developer Dave Thompson for $150,000. The city council annexed the acreage (along with a number of other parcels in that area) and approved the plat in August. The new addition will add 26 residential lots a little more than a quarter, and less than a third of an acre.

No comments: