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Coral Springs Redevelopment Agency Approves Tax Rebate for Developer of Cornerstone That Could Be Worth Up To $17 Million

Coral Springs redevelopment officials approved this week a tax rebate for the developer of Cornerstone that could be worth as much as $17 million. The money that master development company, Predeso Property Investments, is set to receive will come from the additional tax revenue expected from the spike in the value of the property on…

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The Tallahassee CRA Approves $7 Million in Assistance for Workforce Housing Development

On Tuesday, the Tallahassee Community Redevelopment Agency (CRA) voted 5-0 to authorize staff to execute a memorandum of understanding to facilitate a $7 million loan for a 300-unit workforce housing development to be constructed downtown. The agreement is with Global City, a real estate development organization that has completed a number of similar projects in…

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‘It Has Been a Very Long Road:’ Cornerstone Developer Explains Challenges His Coral Springs Project Faced During Pandemic

The master developer of Cornerstone in Coral Springs recently explained why his downtown project had to add more apartments and cut out office space. Rod Sheldon, the owner of Predeso Property Investments, also discussed how the pandemic and its changes to the economy stalled the project and forced him and his partners to rethink plans…

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Pensacola Hires SCAPE to Do Final Review of Long-Awaited ‘Hashtag’ Project

A long-awaited project to make Pensacola’s waterfront more pedestrian-friendly is getting a review by the original designers. The Pensacola Community Redevelopment Agency approved an amended contract with SCAPE Landscape Architecture earlier this week to pay $7,500 for a final review of the city’s plans for the “Hashtag Waterfront Connector” project on Main Street. While the…

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Hilton Tempo To Start Construction In Fall 2023 At 2300 First Street, Fort Myers, Florida

Construction could start on Hilton Tempo in September 2023. Initially, the venture was supposed to break ground in 2022. Yet, according to FOX 4 Southwest Florida, the Fort Myers Community Redevelopment Agency (CRA) pushed it back after the venture switched owners. Before, Marriot would oversee the venture. Now, Hilton does. Upon completion, the eight-story hotel…

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Diocese of Venice in Florida in Collaboration with National Development of America to Break Ground on St. Peter Claver Place Apartments

The Diocese of Venice in Florida and National Development of America will hold a groundbreaking ceremony for Phase 1 of St. Peter Claver Place Apartments, an affordable housing complex within the Dr. Martin Luther King Boulevard redevelopment area. The groundbreaking, to be held Tuesday, April 11, starting at 9 a.m., at 3681 Michigan Ave., in…

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