A new mixed-use development may be coming to Margate.
During the September 17 meeting, Matthew Scott, a lawyer for White Oak Development Group, LLC, made a presentation to the commission on a development agreement for the Cocogate project.
The property is situated on approximately eight acres, located from 1308 to 1350 State Road 7 in the Margate Community Redevelopment Agency (CRA) area. It is identified as a site where redevelopment and reinvestment are encouraged by the city.
An eight-story building with 287 residential units is planned, along with a community pool and other amenities. There would also be additional buildings for retail use.
Forty-one of the residential units would be designated as moderate-income affordable housing units, with 21 of those units to be offered for rent to tenants who qualify as “hometown heroes,” individuals or families where at least one person works as a police officer, first responder, or teacher, according to the representative.
