Millions of Dollars in Economic Expansion Coming to South Tallahassee

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TALLAHASSEE, Fla. (WTXL) – “They find minority-owned businesses to engage with.”

Community Redevelopment Agency director Stephen Cox says he is happy to see developers working with Southside leaders to reinvent the neighborhood.

ABC 27 was there when the SoMo Walls project kicked off in April.

The developer, Bugra Demirel, explains that their original plan was to rehabilitate old buildings on South Monroe Street to bring their vision to life.

“The objectives of the funds are not changing, the only thing that is changing is that we are moving from renovation to new construction.”

Construction that will bring all new buildings to this area.

Along with this idea, the ARC will invest $776,000 to pay for sidewalks, landscaping, parking, lighting and underground utilities.

Earlier reports show the redevelopment could result in an economic output of $16 million in the Southside.

Cox explained how, “They try to hire from within the community, they use TEMPO graduates where possible, so we’re really trying to make sure the jobs stay in the community as well as making sure the dollars stay and flow. many times in the community.”

On Monday, the committee also recommended a new mixed-use development called JVP Lofts.

The CRA will provide $346,000 to help pay for this.

Developer Kenneth Jones says it will target young professionals in the proposed space on All Saints Street. The plan is to build 5 residential lofts, a kitchenette, an outdoor dining terrace, and a multipurpose studio that will be open to nonprofit organizations.

“They’ll have a space they can use, whether it’s for the arts, financial literacy, fundraising.”

Monday evening’s recommendations will go to the CRA Board of Directors for final approval at the next meeting on June 23.

The SoMo Walls project is expected to be completed by October this year. JVP Lofts is expected to open by August 2023.

On Monday night, the committee also recommended that $213,000 be spent on expanding and renovating Earley’s Kitchen on South Monroe Street.

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