City of Tallahassee Press Release
With a focus on continuing to foster revitalization in the Greater Frenchtown/Southside and Downtown districts, today’s Community Redevelopment Agency (CRA) meeting included discussion and decisions on a number of items.
The CRA Board, which is comprised of the Tallahassee City Commission and four Leon County Commissioners, approved the purchase and sale agreement with North American Properties (NAP) for the Firestone and Bloxham Annex properties. NAP’s concept for the properties on the eastern end of Gaines Street, adjacent to Cascades Park, is to create a thriving, mixed-use community. Included are spaces for retail, dining, entertainment and multi-generational housing with an estimated taxable value of $158 million. The sale price for the parcels is $4.28 million.
The CRA requested that the project include a balance of creating a downtown vibe with the creation of ample green space and pedestrian access while incorporating elements of historic value. NAP has included these architectural and historical details in their proposal and conceptual renderings, which show wide pedestrian paths, a street that can be closed off for festivals and multiple outdoor spaces. According to the proposed timeline, people could be living in the development within three years. For more information about this project, visit CascadesProject.com.