CRA Approves $10M Increment Rebate for One Fort Myers Development

Fort Myers Community Redevelopment Agency awarded a $10.06 million tax increment rebate to Eduardo Caballero of Jaxi CMD LLC on behalf of Cedar River at Fort Myers LLC, developer of the One Fort Myers project. Located at 2583 First St., the 21-story condominium building will have 34 residences and 68 parking spaces. The $50 million project was previously awarded an increment rebate of $3,169,855. Construction…

JV Secures $84M Construction Loan for Ft. Lauderdale Apartments

Centennial Bank has provided a $84.4 million loan to facilitate the construction of a mixed-use, affordable housing development—The Arcadian—in Fort Lauderdale. Sunshine Shipyard LLC, an affiliated company of the joint venture between Fuse Group and Boca Paila LLC, is leading the project.  The Community Redevelopment Agency Board of Commissioners approved a $10 million incentive to Sunshine…

Homestead CRA to Host Developer Forum for Redevelopment of the “Shotgun Property”

WHAT: CRA Developer Forum WHEN: Thursday, June 6th, 2024, 10am WHERE: City Hall, 3rd Floor Conference Room, 100 Civic Court, Homestead, FL 33030 The Homestead Community Redevelopment Agency (CRA) is excited to announce a Developer Forum for a 3.65 net acre parcel of land located in Homestead’s Historic Southwest Neighborhood, commonly known as the Shotgun Property. The forum will…

Tampa Theatre Debuts First Addition Since 1926

Tampa Theatre leaders just debuted their new micro theatre now open to the public. The micro theatre is the first of several new features at the Tampa Theatre. A hallway now connects the smaller theatre to the main lobby, opening the door to seemingly endless possibilities ahead of Tampa Theatre’s upcoming centennial celebration. “It’s very…

Project Peach Breaks Ground In Overtown

A groundbreaking ceremony has been held for Overtown’s Project Peach, and construction is underway. According to a 2021 presentation, the four-story project was estimated to cost $2.6 million. The developer was requesting $1.3 million in financing from the Omni Community Redevelopment Association to help make it happen. The 2021 filing showed that Project Peach is…

Alachua’s Theatre Park to See Major Update, Stabilization Efforts to Require Substantial Investment

A plan to refresh and reimagine the City of Alachua’s Theatre Park is underway. On Alachua’s picturesque Main Street, the hidden gem known best as “Theatre Park” has seen better years. An overgrowth of vines, a dilapidated arbor, and structural uncertainty have left the park in a less attractive condition. The Community Redevelopment Agency Advisory…