The city envisions the residential section of a redevelopment plan, “Modera Coral Springs,” to become an integral part of its future downtown, a destination for people to live atop shops and eateries.
Gainesville will negotiate with a local company instead of a South Florida firm to develop a mixed-use downtown project on city property known as “Lot 10.”
City Commissioners opted Thursday night not to go with a recommendation of a real estate consultant at least for now to hire the Boca Raton-based Predesco Property Investment to develop the site at 100 SW First Ave.
Two other local firms had submitted proposals to develop the site after the real estate firm Colliers International, on the city’s behalf, put out the development request.
Instead, the commission authorized city officials to negotiate with the locally based AMJ Group Inc., which has extensive Gainesville development experience and had also put in a development proposal for the city-owned land in front of Loosey s Downtown.