Target Delays Construction Of New Store
Cites national credit crisis for suspension
December 05, 2008
A delay in building the Target-anchored City Center at McKnight on the northwest corner of Manchester and McKnight Roads will give the city of Rock Hill some wiggle room in choosing a new city hall.
David Hutkin, principal with Hutkin Properties, told the Rock Hill Board of Aldermen at its Dec. 2 meeting that he had received news that Target, due to the extraordinary credit conditions currently crippling the country, would be delaying its store for nine months.
Hutkin said he received the news in a letter from Miller-Weingarten, a partner in the center project, and Target.
"This letter reconfirms Target's commitment to the development of RPA-2," he said. "We have a project that is going forward with its major anchor tenant in place.
"It is disappointing to the residents because the closing on their properties will be delayed for nine months," he said, adding that the anticipated closing would be December 2009. "We are reconfiguring our own construction schedule, and we will come back to the city and provide you with a full blown updated schedule about how the process will move along until we close on the property."
The previous closing date was set for March 2009.
Out of 110 residential properties, 88 properties are either under contract or price-agreed with the property owner, Hutkin said.
Hutkin said that while the "financial markets are a mess, our partners in project, Miller-Weingarten, have every confidence that we will finance the project.
"I think this is great news given the macroeconomic mess that has gripped the country," he said. "It would not have shocked me to have heard this project was shelved. One only has to turn on the news or read papers about projects being dropped by retailers and corporate tenants. I think out of this a lot of good will come."
Because of the delay, the city will have more time to find a place to move.
"This is like Christmas shopping," said City Administrator George Liyeos. "Do we have to buy a gift now? No. Can we look for a good deal? Yes."
Resident Mary Ann Musial asked the board to revisit the city's comprehensive plan which was revised in 2003.
"It was recommended that the plan be reviewed and updated every five years. The actions of the board recently are not in the comprehensive plan," she said, referring to the Arco development at 906, 914, 918, and 922 N. Rock Hill Rd.
"The development being done was never in the plan," she said. "I have also heard from neighbors on the road that homes will be torn down and redeveloped in the next few years. This needs to stop. Homes in neighborhoods need to be left alone and commercial left to areas zoned commercial."
Mayor Julie Morgan said she planned to address the plan in the second quarter of next year.
Liyeos said the plan was keeping "in good planning practices."
"The area is next to a commercial development in the form of Hollywood Video, and it's directly across the street from new development, and the street is designed for commercial activity," he said. "The intersection of Manchester and McKnight is the heart of the city and when it comes to good planning, that's how you focus your development. That is a main arterial road."
He stressed that he did not think much was going to happen for awhile in the way of development with the current economic climate.
Sept. 14 Flood Rescue Citations
At the Dec. 2 Rock Hill Board of Aldermen meeting, the board awarded medals of bravery to Rock Hill Fire Chief Kevin Halloran, Rock Hill firefighters Rob Judd, Nathan Kiehm, and Paul Kordick and Glendale firefighter Lt. Brad Kauffeld for rescuing Rock Hill resident Georgia Bazile from her car and bringing her in a boat to higher ground during the floods of Sept. 14.
It also awarded letters of commendation to Glendale firefighter Keith Schilling and Lt. Matt Cash, and Rock Hill firefighter Dan Dexter for their roles in the rescue.
Public Works Director Ron Meyer was awarded a proclamation for rescuing a family trapped in their vehicle during the Sept. 14 flooding.