TO: CRA Board of Commissioners
FROM: Christine Tibbs, Assistant Director
THROUGH: Renée A. Jadusingh, Esq., CRA Executive Director
DATE: July 16, 2025
Title
PROCESS FOR PROPOSALS FOR THREE (3) TENANT BAYS - 95 SW 5TH AVENUE
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Recommended Action:
Recommendation
Provide direction on the process to lease the three (3) tenant spaces at the CRA-owned property at 95 NW 5th Avenue.
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Background:
The CRA is committed to curating a diverse and interesting mix of business offerings along the historic NW/SW 5th Avenue that meets the needs of the surrounding community based on the 2012 West Atlantic Area Needs Assessment, the West Atlantic Master Plan (aka The Set Transformation Plan), and the CRA Redevelopment Plan.
The 2012 West Atlantic Area Needs Assessment identified the following community needs:
- Pharmacy Services
- Health and Wellness Services and Facilities (including but not limited to urgent care and/or clinic, primary medical, optical, dentistry, fitness center, mental health, etc.)
- Financial Services (bank, credit union, financial planning advisors, personal banking, etc.)
- Family and/or Social Entertainment
The West Atlantic Master Plan (aka The Set Transformation Plan) also identifies the need for affordable commercial spaces for small, local businesses that will serve the surrounding community:
- retail/specialty shops and services
- professional offices (CPA, legal services, insurance, etc.)
- artist gallery/workspaces.
The CRA’s Community Redevelopment Plan identifies the NW/SW 5th Avenue corridor within the NW & SW 5th Avenue Beautification Project #2.1 with the main objective of Project #2.1 being to revitalize the NW & SW 5th Avenue corridor into a thriving district for neighborhood businesses.
With those needs and objectives in mind, the CRA Board identified 95 SW 5th Avenue, a CRA-owned commercial property located in the Southwest Neighborhood of The Set on the Historic SW 5th Avenue commercial corridor, as an ideal ...
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