Big Residential Development Coming to Florida off North Cap
Parking lot into residential something.
What timing! Bisnow is reporting that B&B Investments has purchased a warehouse at 50 Florida Avenue NE for "under $10 million," and plans to build housing units totaling some 300,000 square feet within 18 to 24 months. They'll presumably all be market rate, too, which would pour a lot of money into the neighborhood.
Big, big news.
4:57 pm
I am glad to see that Avon is carrying on Stringer's dream. Maybe an Orlando's can go in down there.
5:58 pm
Where will I get my kegs of beer if they close Metro Ice and Beverage?
6:05 pm
i don't get my kegs there, but i do often get ice and cases of beer there. maybe i should stock up on my ice.
while new life on this block is a very welcome addition, why can't we fill some vacant buildings and lots?
get on that developers!
6:26 pm
The beer/ice place closed down at the end of last year. I stocked up on new years even and it was their last day open. It was actually quite amusing, the employees were all a bit drunk.
8:22 pm
There are a few other large parcels of vacant land near the intersection that could also benefit from redevelopment. Lets hope this is a trend that continues. I'm surprised LAYC didn't try to buy it first!
11:16 pm
Please, please make it mixed use and mixed income. Please, please don't just make it all affordable, low income housing.
11:28 pm
RIP Metro Ice :(
1:08 pm
this would be a big deal if it happens, and esp if it's all market rate. That part of FL Ave/NCap needs more density, and especially residents who are not heavily dependent on social supports, to attract and sustain desirable retail.