TO: CRA Board of Commissioners
FROM: Christine Tibbs, Assistant Director
THROUGH: Renée A. Jadusingh, Esq., Executive Director
DATE: May 29, 2025
Title
NOTICE OF INTENT TO LEASE TWO (2) TENANT BAYS AT 102 NW 5th AVENUE - SUITE 108 AND 110
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Recommended Action:
Recommendation
Provide direction on issuing the Notice of Intent to Lease for the two (2) tenant bays (Suite 108 and 110) at the CRA-owned property at 102 NW 5th Avenue.
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Background:
At the March 25, 2025 CRA Board Meeting, the CRA Board expressed a desire to issue a Notice of Intent to Lease the two bays at 102 NW 5th Avenue, Suite 108 and 110 seeking an operator for a commercial shared kitchen.
At the April 30, 2025 CRA Board Meeting, there was discussion about revisiting intended use of the 102 NW 5th Avenue Suite 108 and 110.
CRA Staff is seeking input from the Board as to the intended use of the above referenced bays in order for CRA Staff to issue a Notice of Intent to Lease. Below is background information and information about the tenant selection process for reference.
Property History
The CRA purchased 102 NW 5th Avenue (Subject Property) in March 2024. The Subject Property is located along the historic NW & SW 5th Avenue corridor within the West Settlers Historic District. The Subject Property is a one-story commercial building with five (5) tenant bays and is zoned CBD - Central Business District. This area was once a vital commercial and institutional corridor comprised of black-owned businesses in The Set neighborhood.
The CRA’s Community Redevelopment Plan (Plan) identifies the NW/SW 5th Avenue corridor within the NW & SW 5th Avenue Beautification Project #2.1 (Project #2.1). The objective of Project #2.1 is to revitalize the NW & SW 5th Avenue corridor into a thriving district for neighborhood businesses and cultural activities with the strategic provision of diverse neighborhood shopping, services, and cultural facilities that will serve to enhance overall b...
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