Title
SW 2nd Avenue Master Plan (B)
Explanation
Staff continues to work on efforts related to a comprehensive development strategy for SW 2nd Avenue (from SW 13th Street to SW 6th Street). The public space along the corridor has recently benefited from an extensive makeover, and the CRA would like to spur and facilitate redevelopment of private property in an equally thoughtful manner. The CRA will be working on this project in conjunction with Basile Baumann Prost Cole & Associates (BBPC), an economics and real estate development advisory firm which councils an array of public clients nationwide. SW 2nd Avenue is an important thoroughfare linking the University and the CPUH district to downtown Gainesville. The corridor has numerous strengths, such as a central location, large land areas with a single owner, and proximity to amenities such as UF, Shands at AGH, and downtown. However, there are also constraints and challenges: much of the area is located within an historic district, and most new construction will be urban infill redevelopment. For these reasons, Staff believes that a comprehensive approach is needed in order to realize the full potential of the corridor.
A major component of the master plan will be assessing the general market conditions for residential and commercial development, including supportable medical uses. BBPC will provide market and feasibility analyses for locating a grocery store and medical offices on the site. BBPC will also provide assessments for office, retail, R&D (and other "clean businesses") and residential mixed-use. The final result will be a Development Programming Assessment compiled by BBPC for the CRA. The Development Programming Assessment will outline a development strategy that can begin the implementation process immediately. It will include all of the information collected during the study regarding site capacity and constraints, public/private partnership strategies, additional financing...
Click here for full text