Redevelopment Management Associates ~
The Margate Community Redevelopment Agency (MCRA), a client of RMA’s since 2013, has selected New Urban Communities as its development partner for the 36-acre City Center project. The Margate City Commission, sitting as the CRA Board, was impressed by New Urban’s experience with infill development, as well as their choice of Dover Kohl & Partners to design the plan. The $150 million City Center development will be anchored by retail, dining and leisure activities and will also offer something unique to northwest Broward County.
“This will be a truly walkable downtown,” said Diane Colonna, Executive Director of the MCRA & RMA Senior Redevelopment Administrator. A series of new and existing local road connections will link the residential, commercial and community uses for convenient access by car, bike or foot. There will be a launch area for canoes, kayaks and paddleboards to sightsee on nearby Lemon Tree Lake. This central “town center” will create a vibrant destination for residents of Margate, Florida and visitors from surrounding communities.
“The long term goal is to create a sustainable, pedestrian and bike friendly, mixed use City Center”, remarked Tim Hernandez, principal for New Urban Communities.
RMA recognized that Margate’s greatest asset was the community of people who live and work there, however the town lacked a central gathering place for people to come together to socialize in their leisure time. In accordance with the 2003 “Citizen’s Master Plan,” the Margate CRA spent several years assembling property in the area of US 441/SR 7, including the former Swap Shop property, the Ace Hardware Plaza and the Chevy Chase shopping plaza.
“This area will now be transformed with more than 900 new residences, a new community center, a waterfront promenade and amphitheater for outside entertainment and events,” continued Colonna. “The CRA has committed to providing almost $10 million in funding for the project’s public components. This exciting new project will add significant dollars to the tax base and will provide job opportunities and additional residential choices for the community.”
RMA is now in the process of working with the development team to refine the concept plan and negotiate an agreement to move forward with this exciting project. The project will be built in phases, with construction expected to begin by the end of 2016.
For more information about the Margate CRA, visit www.margatefl.com/cra