TO: CRA Board of Commissioners
FROM: Jeff Costello, CRA Executive Director
DATE: March 12, 2019
Title
LETTERS OF INTENT TO LEASE COMMERCIAL SPACE - 606 w. aTLANTIC aVENUE
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Recommended Action:
Recommendation
Reject the Letters of Intent to lease the CRA-owned property located at 606 W. Atlantic Avenue, pending the outcome of negotiations for the CRA-owned properties in the SW 600-700-800 Blocks.
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Background:
The building located at 606 W. Atlantic Avenue (formerly Shuler’s Memorial Chapel) is approximately 5,811 sq. ft. (4,854 sq. ft. commercial space, 957 sq. ft. apartment), is currently vacant and will be demolished in conjunction with the redevelopment of the CRA-owned properties within the SW 600-700-800 Blocks on West Atlantic Avenue (600-800 Property).
On December 26, 2018, the CRA received a Letter of Intent from Johnson’s Memorial Chapel to lease the referenced building (Exhibit B), while the CRA was in the process of selecting a developer to redevelop the 600-800 Property. The intent outlined in the letter is for Johnson’s Memorial Chapel to provide professional funeral services, embalming, and contracted cremation services to the community. The establishment will also provide visitation services and chapel services on premises for the community as well. The letter further states the business will provide several jobs for individuals within the community such as funeral attendants, interns for mortuary schools, and auto detailers. The request was scheduled for the January 15, 2019 CRA Board meeting for consideration.
On January 15, 2019, the CRA received a Letter of Intent another Letter of Intent to lease the building from Cornerstone Funeral and Cremation Services, PLLC (Exhibit C). The intent outlined in the letter is for Cornerstone Memorial Chapel to provide funeral services, embalming, arranging funerals, funeral wakes and viewings, family gatherings, memorial services, and floral arranging, as well as casket, burial con...
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