The new Sam’s Club is on the northeast corner.
“Obviously, it’s a very-well located property,” says Slawson commercial broker Jerry Jones.
The company acquired the property, including the approximately 10-acre Cadillac Lake, from the Pracht family.
Jones says the family owned it for almost 100 years and cultivated the habitat for water fowl and also farmed on the land the last 40 or 50 years.
He says the property has a number of potential uses.
“That’s what we’re doing right now. We’re evaluating its potential.”
Jones says the Maize Road frontage is excellent for retail and restaurant development.
He says there’s additional potential for around the lake, which could be used for offices, bird watching, hiking or fishing.
Jones says it’s too early to give a time frame for development.
“We’ve got a lot of planning and entitlements to work through.”
Company founder Don Slawson died earlier this month at the age of 80.
“We want to carry out Don’s legacy of quality development,” Jones says, “so we’ll be very deliberate in our planning and make sure we execute it accordingly.”