CRA board approves Lyric Point Amid Other Efforts
Two small businesses in Overtown will expand their operations in the historic district thanks to Board Chairman Jeffrey Watson and the Southeast Overtown / Parkwest Community Redevelopment Agency (âSEOPWâ) (âCRAâ) Board of Commissioners. The build-out has been approved for 7,000 square feet of leased and/or commercial space at Lyric Point. The development is a new two-story, 55,000 square foot commercial building located at 101 NW 8th Street in the heart of Overtown. Directly aligning with SEOPW CRAâs goal of creating jobs within the community, the new build-out targets commercial and cultural ventures that will provide life sustainable jobs to residents in the Overtown community. The SEOPW CRA will enter a 10-year net-lease in the amount of $280,000 annually to offset cost for Overtown businesses, including the Overtown Business Resource Center, Lil Greenhouse Grill, and other retail space.