Nearly 23 acres of farmland located near Pleasant Valley Road will be developed into a number of professional businesses in the near future. The development plans follow the approval of the City’s real estate and purchase agreement to sell a surplus of land to Professional Properties and Construction, LLC, who confirmed Wednesday that a large project for that property is already underway.
As part of the Fairview Drive extension project, a municipal order approved last week authorized the purchase of a portion of Pleasant Valley Road totaling nearly 25 acres that will be used to enter and exit the new Daviess County Middle School property.
City Manager Nate Pagan said only about 1.36 acres of the land — which was annexed after it was purchased — will be utilized by the City. The remaining 22.874 acres was sold to Professional Properties and Construction, LLC for the same price it was paid for by the City.
According to Gary Cecil, president of the local development and construction company, his staff is currently in the planning stages of turning the land they purchased into something unique and attractive for the residents of Owensboro. He also said it would be the largest development project his company had ever taken on.
Cecil said there were some businesses — which he declined to name at this point — that had already signed on to be developed. Still, he said, there were some agreements that needed to be finalized before going into further detail.
“These are good businesses. They aren’t retail,” Cecil said. “These will be professional businesses.”
Cecil said the businesses would reflect the “same medical communities we serve already.” He also said he expected the development to be a good economic driver for the community.
Cecil also said the development and layout of these businesses would be very attractive, describing the project as something the community had not seen before.
“We will use the layout of the land instead of shaving it all flat,” he said. “We will follow the contours [of the dips and hills]. Everything is going to be very cohesive. We’re being purposeful about the entire development.”
The land was previously owned by James, Ernest, Jane, Ann and Mary Lou Pantle.
