As Altoona-Blair County Development Corp. searches for land to develop another industrial or business park, a large tract of land in Logan Township is now available.
About 193 acres known as Phase II 17th Street property is now for sale as a "prime industrial park site," according to Art Wilkin, an agent at Howard Hanna Johnston Realty.
The land is located behind Logan Town Centre.
When developer Greg Morris announced plans for Logan Town Centre in January 2000, he said a later phase of the project called for a modern business park behind the stores.
The parcel was included in Morris' recent bankruptcy proceedings, but as part of a bankruptcy court settlement, Morris was given sole ownership of this tract of land, said his attorney, John Lacher of Pittsburgh.
"He is the 100 percent owner," Lacher said.
The property is listed at $5 million, but the price is negotiable, Wilkin said. Since the property was listed in April, Wilkin said he has received a lot of calls with questions about the property but no serious interest.
"It is very early in the process," Wilkin said.
Wilkin said the land is the perfect site for an industrial park.
"There are utilities in place in Logan Town Centre that could be extended into the property above it. This tract is larger than Logan Town Centre," Wilkin said. "People thought that it would be cost prohibitive to develop the site because of the terrain. It was the same type of land that Logan Town Centre was built on. For an industrial park you don't need the land all on one level. ... Movement of the dirt would be significantly less for this phase than Logan Town Centre."
The site is a Keystone Opportunity Zone, which provides tax breaks for new eligible businesses.
Neither Morris not ABCD returned calls about the land.
Meanwhile, ABCD Corp. soon will make a final decision whether to proceed with construction of another business park in Greenfield Township.
ABCD Corp. has until June 1 to exercise its option to purchase an approximately 140-acre site, which includes 75 to 80 developable acres and would adjoin the existing Walter Business Park, home to the Sheetz Distribution Center and Sheetz Bros. Kitchen.
Mirror Staff Writer Walt Frank is at 946-7467.