The fate of 33 acres at Cornhusker and Fort Crook Roads in Bellevue is still uncertain, though city officials have high hopes for the property.
Lockwood Development, which has an option to buy the land for $2.65 million, has asked for a second extension on its contract. The Bellevue City Council granted that extension Monday night, pushing the final deadline to March 1.
The company previously asked the City Council to extend its final closing deadline from July 31 to Oct. 15.
Jim Ristow, president of the Bellevue Chamber of Commerce, said the developer is seeking a retailer to anchor what will become a strip mall. But he said he is confident a deal will happen.
In council documents, Lockwood said that before it buys the property it also wants to ensure that the city rezones it for its intended development and that tax incentives are available.
The city has been trying for some time to develop the site, formerly occupied by concrete block company Coreslab Structures.
Bellevue signed a purchase agreement with Lockwood almost a year ago. That agreement said Lockwood could buy the property, but it didn't penalize the company for declining to do so.
This is the second deadline extension request for Lockwood, which has overseen shopping mall development around the metro area.