When Thinking Of Globanl Investment, Portugal Changes, So Does The Taxes That We Encounter.

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City Council approved a rezoning that would allow Peter Franklin Jewelers to build there. It has some people worried about what this would mean for the other properties for sale in that area. Most of West Jefferson has been zoned for residential or limited commercial use, like doctor’s offices or law firms. Councilman Tom Freistroffer (R-at-large) is concerned more retailers will want to rezone other portions of West Jefferson in an effort to build there. He said that would create traffic congestion in an already heavily traveled area. “What is that going to look like in 5 or 10 years?” said Freistroffer. “It’s more than just a plot of land where Franklin was coming in. It had to do with an entire corridor.” Peter Franklin Jewelers would build in the 4900 and 5000 blocks between Jefferson Pointe and Time Corners on the south side of the road. There are a number of other properties for sale there, too. David Nugent, a Partner at BND Commercial, has a property for sale just west of the lot that Peter Franklin Jewelers plans to buy. Nugent has worked in commercial real estate for 20 years.

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