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CRA board advances two redevelopment proposals — hotel/retail at 8447 and mixed retail at 8901 — to City Council
Summary
The Temple Terrace CRA voted to forward two site proposals to the full City Council: a $1,000,000 offer from a local buyer for a 1.74-acre parcel (8447) proposing a hotel and retail, and a $1,800,000 offer from Streamland Development Partners for parcel 8901 with an initial Chipotle end user and additional retail/restaurant space.
The Temple Terrace Community Redevelopment Agency on Sept. 20 voted to advance two proposals for agency-owned parcels in the redevelopment area to the full City Council for detailed presentations and consideration.
Colonel Wortham, the redevelopment consultant, summarized the CRA’s vetting process, saying the team reviewed concept fit with the redevelopment plan and Land Development Code, buyer legitimacy and financial capacity, and the likelihood of identifying primary end users in the due-diligence period. “We wanted to make sure the project was in line with the city vision, the land development code and your redevelopment plan,” he said.
Parcel 8447: The board was…
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