CRA approves the sale of two downtown properties
from WCTV Tallahassee
Mariel Carbone
TALLAHASSEE, Fla. (WCTV) — The joint Leon County-City of Tallahassee Community Redevelopment Agency voted to move forward with plans for redevelopment of Cascades Park and the Downtown area.
Staff will now begin negotiating the purchase and sale of the Bloxham Annex and Firestone properties with North American Properties (NAP). NAP was the only firm to propose plans for the land, offering the CRA more than $4 million to redevelop the properties as an urban mixed-use development.
Plans include apartments with views of Cascades Park, a hotel, restaurant, retail space, a Civil Rights Memorial, public parking, a cultural space and more. NAP expects to invest about $158 million in the project.
Once complete, NAP hopes to create an “18-hour downtown,” which captures the spirit, pride and culture of Tallahassee.
“That’ll happen by putting residences down there, it’ll happen by putting businesses down there, public spaces, retail and restaurants. So we’re looking to create a destination downtown, not just an apartment complex on the park,” said Shawn McIntyre, Managing Partner with Florida North American Properties.
Read the full story at wctv.tv