Developers Propose Mixed-Use Housing Project for Historic Verizon Building

The Hardee County Economic Development Council convened on August 14, 2025, to discuss significant developments in local housing and economic growth. The meeting began with a proposal to split a parcel of land into two, allowing a developer to construct a set of residential units. This strategy aims to mitigate the risk of having the entire property remain undeveloped for an extended period. The board approved a motion to accept the Evaluation Committee's recommendation and authorized staff to negotiate a contract with the developer.

The meeting then transitioned to a presentation by Travis Maldonado and Jim C., who proposed a mixed-use development for the historic Verizon building in downtown Hardee County. The project aims to convert the upper floors into six apartments while maintaining commercial storefronts on the ground level. The apartments will range from one to two bedrooms, catering to the growing demand for medium-income housing in the area.

Maldonado emphasized the project's potential to enhance the vibrancy of downtown, citing its proximity to local businesses and amenities. The proposal includes a budget of $1.2 million, with a request for $350,000 in funding to offset renovation costs. The developers assured the board that they would assume all financial risks associated with the project.

Board members engaged in a robust discussion regarding the financial implications of the investment. Some expressed concerns about the long payback period for the proposed funding, suggesting that the return on investment might not justify the expenditure. However, others highlighted the broader economic benefits of attracting new residents to the area, which could stimulate local businesses and increase property values.

The developers indicated that they could begin construction as early as January 2026, with an estimated completion timeline of 12 months. The board acknowledged the importance of preserving historic buildings while addressing the community's housing shortages.

In conclusion, the meeting underscored the council's commitment to fostering economic development through strategic investments in housing and infrastructure. The discussions reflected a balance between financial prudence and the need for community growth, setting the stage for future developments in Hardee County.