The city of Maitland community redevelopment agency is set to vote on whether or not to approve a contentious redevelopment project proposed for the city's downtown.
A city of Maitland board on Nov. 17 gave the thumbs up on a developer's agreement that will allow a $65 million redevelopment of a piece of downtown into a mix of uses.
The Maitland community redevelopment agency approved the Maitland City Centre LLC village-style, walkable community on U.S. Highway 17-92 to include a six-story, 250-unit apartment complex, about 40,000 square feet of retail/restaurant space, and a seven-story parking garage. The developer is an entity that includes David Lamm of Lamm & Co. Partners and Brian Grandstaff of Millenia Partners commercial real estate firm.
The project, which would create hundreds of temporary construction jobs and an unknown number of permanent jobs, also will bring new life to an abandoned Winn-Dixie property and the New Traditions Bank Plaza. It also is expected to generate $250,000-$355,000 to the city's tax rolls, along with paying the city and county $3 million in fees, proponents of the project said.
The Maitland community redevelopment agency approved the Maitland City Centre LLC village-style, walkable community on U.S. Highway 17-92 to include a six-story, 250-unit apartment complex, about 40,000 square feet of retail/restaurant space, and a seven-story parking garage. The developer is an entity that includes David Lamm of Lamm & Co. Partners and Brian Grandstaff of Millenia Partners commercial real estate firm.
The project, which would create hundreds of temporary construction jobs and an unknown number of permanent jobs, also will bring new life to an abandoned Winn-Dixie property and the New Traditions Bank Plaza. It also is expected to generate $250,000-$355,000 to the city's tax rolls, along with paying the city and county $3 million in fees, proponents of the project said.
The proposal met with plenty of opposition, and the meeting ran long into the night as residents in the area complained that the height is too intense for the city, among other issues. One group of residents even proposed building a park in place of the abandoned retail center, in lieu of the mixed-use development.
However, city officials approved the developer's agreement, which will clear the way for the developers to begin working on more detailed plans.
However, city officials approved the developer's agreement, which will clear the way for the developers to begin working on more detailed plans.
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G Co Group Blog Team
GadboisConsulting.com
G Co Group Blog Team
GadboisConsulting.com
Article by Anjali Fluker and permission to re-use article from Brian Grandstaff of Milenia Partners.
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