The borough’s target date is 2024 for the sale of the first 22 residential lots in the proposed subdivision of the former Wrangell Institute property upland from Shoemaker Bay.

The assembly last month approved $2.2 million for installing utilities and putting in streets across a portion of the 134-acre property, which the borough acquired in 1996.

“Our goal is to start construction this fall,” Borough Manager Jeff Good said last week. “That’s our target right now.”

The borough is moving closer to receiving its U.S. Army Corps of Engineers permit to fill a small area of tidelands at the propert...