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The square will be developed in two phases. Phase One, a $2.4 million endeavor, will begin construction in mid-2010 and will deliver 17,760 s.f. Phase Two will be coordinated with the redevelopment of the Fillmore Shopping Center site and will cost an additional $2 million. There is no set completion date.
The parcel was dedicated to the county by Carbon Thompson Development, which is planning a mixed-use Penrose Square development that will include a 57,000 Giant supermarket with 325 residential units above it that will be completed in 2011. The project, which was approved in 2006, will also deliver structured parking (325 retail and 400 residential spaces) and 40,000 s.f. of retail space.
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