CRA approves the sale of two downtown properties
March 23, 2017
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.
The City said, “according to the proposed timeline, people could be living in the development within three years.”
Plans for the redevelopment can be found at
.
January 26, 2017
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.
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.
Plans for the redevelopment can be found at
.
