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Commission approves Lot 10 ground lease for mixed‑use project with workforce housing requirement
Summary
The commission unanimously approved a 60‑year ground lease and development agreement for Lot 10 downtown, requiring at least 70 units (of a minimum 104) to be restricted at 120% AMI under state tax provisions and allocating a portion of city housing funds to secure 11 permanently city‑owned affordable units.
The Gainesville City Commission on Jan. 15 approved a ground‑lease and development agreement with AMJ for Lot 10, a downtown mixed‑use project the city described as a minimum seven‑story building with at least 104 residential units and 5,500 square feet of nonresidential space. City staff said the agreement uses newly available state provisions that allow government‑owned property under a multi‑decade lease to qualify parts of a project for an ad‑valorem tax exemption when units meet income restrictions.
Under the agreement, at least 70 units would be…
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