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Lakeland CRA board approves purchase of 514 West First Street parcel for Memorial Boulevard assemblage
Summary
The City of Lakeland Community Redevelopment Advisory Board approved a $50,000 contract to buy a 3,446-square-foot vacant parcel at 514 West First Street to assemble multiple parcels for the Memorial Boulevard redevelopment corridor.
The City of Lakeland Community Redevelopment Advisory Board on March 20 approved staff's recommendation to enter a contract to purchase a vacant parcel at 514 West First Street for $50,000, with a 120-day due-diligence period and a closing deadline of on or before July 3, 2025.
The parcel, described by staff as 3,446 square feet (about 0.08 acres) and zoned C-1 (mixed commercial corridor), is one of multiple small lots the CRA is assembling along Memorial Boulevard to support…
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