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Daytona Beach CRA OKs $871,000 acquisition to enable townhouses and mixed-use near Bethune Boulevard
Summary
The CRA approved spending up to $871,000 from a Midtown CRA loan to buy four adjacent parcels on Dr. Mary McLeod Bethune Boulevard and DeSoto Street for mixed-use and townhouse development; staff outlined prices, ownership (ING Investor Group and Irvin White), a target RFP timeline and market-rate plans.
The Daytona Beach Community Redevelopment Agency voted Oct. 16 to authorize acquisition of four parcels totaling about 1.21 acres at the southwest corner of Dr. Mary McLeod Bethune Boulevard and DeSoto Street, using up to $871,000 in tax increment funds from the GPM 2023 Midtown CRA loan.
Michelle Tolliver, redevelopment project manager for Midtown, said two parcels are owned by ING Investor Group Inc. and two by Irvin White; she stated that Irvin White is CEO of ING. Tolliver described improvements on the parcels: a vacant mixed-use…
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