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Posts tagged land use.

As reported by the National Restaurant Association and other industry experts, there are over one million restaurants in the US, but the failure rate is very high (a majority close within three to five years). With online shopping and delivery becoming more and more prevalent, landlords of all types have faced increasing vacancies for traditional retail stores. As a landlord of an office, mixed use, shopping center or stand-alone retail pad seeking to fill a vacancy, there are five important factors to consider before marketing the property or executing a lease agreement with a restaurant.

On December 8, 2015, the Prince William County Board of County Supervisors unanimously approved Mini Price Storage's proffer amendment and special use permit applications to bring the company's first self-storage facility to the County.  Represented by Mark Viani and Matt Roberts, the applications removed a prohibition on self-storage uses at the property, allowing Mini Price to build over 151,000 square feet of self-storage use near Prince William Parkway and Telegraph Road.  The applications, which received the support of the Lake Ridge Occoquan Coles Civic Association’s Planning, Environment, Land-Use, and Transportation Committee and unanimous approval by the Planning Commission, also addressed the property's environmental features.  With these approvals, Mini Price will introduce a state of the art self-storage facility to serve the area.  For more information, you can review the project's staff report.