What is the status of the Property’s Zoning, Future Land-use and Entitlements?
The Local Redevelopment Authority & Department of Economic Development and Commerce for the Commonwealth of Puerto Rico commissioned a reuse plan for the former NSRR soon after its closure. The “Naval Station Roosevelt Roads Reuse Plan – December, 2004″, is made available to prospective bidders at in the Virtual Due Diligence Library. The plan outlines various mixed use development opportunities at Roosevelt Roads, some of which include: • Residential, single and multifamily • Golf and Recreation • Boat Marina • Resort Hotel, Casino and Gaming • Moderate Lodging • Light Industrial • Retail and Food Service • Science Park / R&D • Waterfront-oriented Commercial • Ecotourism Activities • Adjacent to future airport • Waterfront Cargo and Passenger Ferry Operations Given the immense scale and incredible Caribbean oceanfront location, Roosevelt Roads is indeed an opportunity of a lifetime. By working closely with the local government, the future property owner/developer(s) will be able to br
