$158 million Tallahassee downtown redevelopment project moves forward with document signing

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cascades north american properties
Rendering of the project from DAG Architects, Inc.

Developer North American Properties has signed the last five documents with the Tallahassee Community Redevelopment Agency (CRA) to build its Cascades Project on the hem of the city’s 24-acre public park, The Tallahassee Democrat (T-D) reports.

“This is a major step in the creation of a transformational, $150,000,000 project,” CRA director Roxanne Manning wrote in a memo to the agency’s board members. “Thanks to the CRA board’s leadership and vision, we are looking forward to the creation of a project which will enhance Tallahassee’s downtown with a new activity center adjacent to Cascades Park.” (The Cascades Project website says the project value is $158 million.)

Two city blocks will be levelled to make room for the development — described as the largest of any downtown CRA project in Tallahassee’s history. There will be apartments, brownstones, retail, restaurants, a hotel, a gym and a $353.6 million total economic impact.

The T-D news site reports that the project occurs at a crucial time for the downtown CRA, “which has been the focus of an ongoing FBI public corruption investigation regarding dealings with a number of high-profile local business people and lobbyists who have ties to city elected officials.”

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