Margate is soliciting offers to build a municipal mixed-use development that would include a new city hall and serve as the city’s “downtown” area.
The development, called Margate City Center, would unfold on 51.4 acres on the east and west sides of U.S. 441 between Royal Palm Boulevard and Atlantic Boulevard. The developer would lease the largely vacant land, which was acquired and assembled by the city of Margate and the Margate Community Redevelopment Agency.
“We’re talking to developers now, and we are going to call for bids in August,” said Ken Krasnow, vice chairman of institutional investor services for the Florida region of Colliers, which is working with the city to find a developer for the mixed-use project.
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