Chestnut Crossing

Liberty Bank and KFC are the first tenants signed on for Chestnut Crossing, a 37-acre development at West Bypass and Chestnut Expressway. Developer Paul Larino and real estate broker Todd Chambers announced the signed tenants at a Sept. 13 groundbreaking. The development is divided into 16 lots, and Larino said five of the lots are spoken for, but he declined to disclose the other tenants.

“Our goal is to provide needed services for that area, like restaurants,” Larino said, adding that he’s seeking a grocery store tenant. “There’ll also be other services, like barber shops.”

He added that two lots have been sold to “someone in the restaurant business,” though the purchaser has not announced what he will be doing with the land. Initial infrastructure improvements, including new streets, should be finished in November, with all land ready for development by next spring. The development was approved as a community improvement district at the June 27 City Council meeting, allowing tenants to charge additional sales tax for infrastructure improvements.