TALLAHASSEE, Fla. (WCTV) — The CRA board approved the sale of two downtown properties adjacent to Cascades Park, Thursday.
Those properties include the Firestone and Bloxham Annex buildings, both of which sit on Gaines Street. North American Properties purchased the sites for $4.28 million.
NAP plans to build a mixed-use community on the land, including multi-generational housing, retail, space, dining, a hotel, festival street and more. The CRA has also requested the developer incorporate historical value into the space. In total, the project is expected to create a value of about $158 million.
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.
NAP also redeveloped the College Town area. However, McIntyre said to expect a different look for the downtown area. He described it as potentially having a more industrial and civic architecture.Read the full story at wctv.tv