The Margate Community Redevelopment Agency (CRA) is making progress on its decades-long plan to revitalize a 50-acre site at State Road 7 and Margate Boulevard. This redevelopment aims to transform the area into a vibrant city center with mixed-use residential, commercial, and civic spaces.
Background: Margate CRA Redevelopment Efforts
Founded in 1996, the Margate CRA has been working to combat urban blight and stimulate economic growth. Over the years, it has focused on streets cape** beautification, façade improvements, and assembling land for large-scale projects**.
One of its key goals is to develop a city center in the heart of Margate. In 2016, the CRA approved a 36-acre mixed-use development with:
✅ 968 residential units
✅ 100,000 sq. ft. of retail & dining
✅ A hotel with 80+ rooms
✅ Public plazas & civic amenities
However, the project faced legal challenges that delayed progress for years. The issue was resolved in 2022, allowing the CRA to relaunch its city center initiative.
Latest Developments in 2024-2025
By late 2024, the CRA expanded the project to over 50 acres and shortlisted four top developers to submit proposals:
1. Brookfield Properties
📌 Focus on green spaces, outdoor dining, and a walkable town square
📌 900 high-quality residential units across three-story and five-story buildings
📌 Major retail stores & entertainment areas
2. The Michaels Organization
📌 New city hall with a civic plaza & event pavilion
📌 106,000 sq. ft. of retail & dining
📌 A three-story public library
3. Related Group
📌 Two-phase project with:
- A large public park & event space
- Farmers’ markets, retail plazas & art exhibits
📌 400 luxury apartments & 65,000 sq. ft. of retail space
4. Kenco Communities (Proposal details not yet public)
Projected Costs & Financial Impact
💰 Land Sale Revenue: The CRA is expected to receive over $10 million for the property, plus a 1% fee estimated at $1-$1.4 million.
🏗 Total Market Value: The final project is expected to be worth $150 million.
👷 Job Creation: Over 400 permanent jobs will be created, with a $23 million annual payroll.
Next Steps: What’s coming in 2025?
The Margate CRA is currently reviewing developer proposals and considering public input. The final decision will depend on:
✔ Financial feasibility
✔ Community support
✔ Alignment with Margate’s vision
The Margate City Center is poised to be a game-changer for the city, bringing new homes, businesses, and gathering spaces. Stay tuned for updates on which developer gets the green light!
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