Barnstable Considers Future of Capetown Plaza Property

HYANNIS – The Town of Barnstable continues to weigh the future of the town-owned Capetown Plaza in Hyannis.

The Barnstable Town Council met last week, agreeing unanimously to include the shopping center on the town’s Regulatory Agreement Districts Map.

Elizabeth Jenkins is the town’s Director of Planning and Development,

“One of the things that we’re doing is to make some regulatory changes there that would allow for a broader scope of development to encourage the highest and best use of that property for the town and the community going forward,” she said.

The move allows the town to look into long term lease options for the 26-acre parcel currently housing K-Mart and nearly a dozen other retailers.

The property is owned by the town and is currently managed by the Barnstable Municipal Airport, which is paid $70,000 a year in fees for use of the space.

“I think that we all can see that the existing development there is becoming a little bit obsolete in terms of what customers expect from their retail experience,” said Jenkins “So, certainly I think the vision would be a redevelopment of the property,” said Jenkins.

Airport officials are hoping to increase rental income after the current 60-year lease expires in 2024. The lease is currently held by a Chestnut Hill development company.

The re-designation will likely lead to will likely lead to a new development on the site by eliminating a number or zoning and regulatory hurdles. Town officials have been anxious to replace the aging plaza with a new retail structure for the valuable Route 132 location.

By DAVID BEATTY, CapeCod.com NewsCenter

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