f. Encouraging development projects that enhance the streetscape and

Community Redevelopment Board · 2026-06-02 · agenda_item

A development project is planned for 534 Oak Ave, 541 Oak Ave, and an unaddressed parcel of Oak Ave within the Downtown North District Community Redevelopment District. The project aims to enhance streetscapes, pedestrian experience, and first-floor activity in mixed-use buildings, promoting efficient land use and economic development. The development will include residential units, 4,748 sq. ft. of retail space, 7,152 sq. ft. of commercial space, and 2,619 sq. ft. of office space. The project is under review and has received necessary approvals and permits. Work will involve site preparation, demolition, rehabilitation, alteration, or repair of existing buildings, and infrastructure or utility improvements. Local contractors, trades, suppliers, and service providers are encouraged to reach out early to learn more about potential opportunities before bids and permits are finalized.

Sq. Ft. Retail

4748 Sq. Ft.

Sq. Ft. Commercial

7152 Sq. Ft.

Sq. Ft. Office (Medical, Professional)

2619 Sq. Ft.

Site Preparation

61470.00 $

Infrastructure or utility improvements

74250.00 $

Demolitions, rehabilitation, alteration, reconstruction or repair of existing buildings

774487.86 $

Impact fees

5000.00 $

Real property assembly costs

1200000.00 $

Professional Services (Planning, Architectural, Legal, Engineering)

53569.25 $

Relocation Costs

23356.33 $

Total anticipated project taxable value

2192133.44 $