A major redevelopment project is underway. The plans include construction of apartments and a public park. A total of 336 apartments are set to be built.

A significant investment is being made, with the project's cost estimated to be between $150-200 million. The city will take ownership of a new park once the site is redeveloped.

Further details about the project are available, including information about the incentive package approved to support the redevelopment.