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CRA Approves Deal With All Aboard Florida And Don Peebles (Update)

Overtown’s CRA voted to approved a deal awarding two parcels known as Block 45 and Block 56 to All Aboard Florida and developers Barron Channer and Don Peebles.

Under the terms of the deal, each party will be independently responsible for their own parcels, but will split the $5.5 million payment to the CRA for the land. Each party will have 36 months to begin construction on their land, and will be required to pay $125,000 per year to the CRA for ten years. If either party defaults on payments, it would not void the other’s deal with the CRA.

Peeble’s project, known as Overtown Gateway, will include a hotel and residential component, as well as ground floor retail. Overtown Gateway will also contain 60 low income housing units required by law, relieving All Aboard Florida from fulfilling that requirement.

All Aboard Florida will build office space, parking, and liner retail on their parcel.

Both projects will be linked by a pedestrian walkway and connected to All Aboard Florida’s planned mixed-use station.

 

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6 Comments on "CRA Approves Deal With All Aboard Florida And Don Peebles (Update)"

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Mr. Gumsandals
Mr. Gumsandals
2 years 11 months ago

This post jogged a nearly forgotten memory of a post I did in 2006 advocating “Soul Street, USA” as a theme for rejuvenating Overtown bit.ly/17ZWCYe. Like the Overtown Gateway requirement for low income housing. Wonder if it will be low enough for Overtown residents?

mike
mike
2 years 11 months ago

This is great!, I really hope they don’t take the full 36 months to start.

Marc
Marc
2 years 11 months ago

Gumsandals, you know it won’t be accommodating to lower income families. Wishful thinking. Let the gentrification of Overtown begin.

Anonymous
Anonymous
2 years 11 months ago

in order to have viable neighborhoods there has to be a mix of housing options and at different price points.it is important that developers and government have this in mind when redeveloping distressed neighborhoods like Overtown. For years housing was built with minimum standards, providing very little in the way of quality of life. this is an important step and we need to continue bringing economic life to Overtown respecting it’s culture and it’s residents. This area has a lot to offer residents and visitors alike and the stake holders need to take advantage of this to create the community they in vision one that will bring back the vitality to support small business ownership and jobs for the residents.

Kesley
Kesley
2 years 11 months ago

Which company got which block?
I believe Peebles had plans for both blocks.

Marc
Marc
2 years 11 months ago

They both had plans for both blocks.

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