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JD USA Shopping Center, dba The Whitehaven Landing
Project Number: 20180502
Pilot Type: Community Builder
Status: Approved
Parcel ID: 07906000003
County Commission District: 9 | City Council District: 3
Pilot Type: Community Builder
Status: Approved
Parcel ID: 07906000003
County Commission District: 9 | City Council District: 3
Summary
JD USA Shopping Center was awarded a 15-year Community Builder PILOT. The Whitehaven Landing, developed by JD USA Shopping Center, is located at 1232 East Shelby Drive and is designed to be a family entertainment-anchored retail shopping center located in the heart of Whitehaven.The development will be comprised of anchor tenant, Altitude Trampoline Park, along with 16,529 square feet of retail space, and 17,432 square feet of flex space positioned for office or retail use. JDUSA Shopping Center, Inc. will invest $4,458,009 into the facility and create 30 part-time trampoline park positions, 30 part-time positions with other retailers, 40 full-time positions with businesses occupying the flex-space, and four management positions.
Financial assistance is needed to remove blight, complete redevelopment of the building and improve the overall neighborhood quality of life consistent with the Community Builder PILOT policies. The project is located in a Census Tract that is designated severely distressed based on poverty, unemployment, and income. Forty-six percent of the area’s 38116 zip code households have incomes of less than $35,000 annually.
The Greater Whitehaven Economic Redevelopment Corporation supports the project. EDGE staff projects $433,205 in local total tax revenues to be received during the PILOT term and a $1,073,229 benefit to JD USA Shopping Center.
PILOT Term:
15
Projected New Jobs:
89
Projected Retained Jobs:
Not applicable
Total Jobs:
89
Projected Average Payroll of New Jobs:
$22,804
Projected Average Payroll of Retained Jobs:
Not applicable
Annual New Direct Payroll:
$2,029,556
Annual Retained Direct Payroll:
Not applicable
Total Capital Investment:
$4,578,224
Real Property Investment:
$2,405,228
Personal Property Investment:
$723,081
Community Reinvestment Credit (CRC):
$1,329,700
Capital Investment not in PILOT:
$120,215
Projected Tax Revenue:
$433,205
Projected Taxes Abated:
$1,073,229
City:
$469,001
(75%)
County:
$604,228
(75%)
Benefit/Cost Ratio:
Not applicable
Projected MWBE/LOSB Spending:
$762,291
Incentive Provided:
$1,073,229
Compliance Information
Not applicable
Approved
5/16/2018
Ramp up Period
1
Closing
Not applicable
Effective
Not applicable
Lease Begins
Not applicable
Lease Expires
Not applicable
Amended
Not applicable
Property Details
Lease Began
Not applicable
Lease Expires
Not applicable