Redevelopment of Central Park - Encore Project
The Central Park redevelopment project is the Crown Jewel and most complex mixed income, mixed used multi family housing deal that THA has ever been involved with. It is anticipated the redevelopment will greatly contribute to the quality of life for its residents and the community as a whole. A joint venture agreement between the Housing Authority of the City of Tampa (THA) and the Bank of America Community Development Corporation (BACDC) has been established. Through this partnership, a master plan of mixed used, mixed income housing development consisting of the entire 28+ Central Park site has been completed. The new development will be renamed “Encore District”.
The proposed development will consist of 2,030 residential units, 50,000 square feet of commercial retail space, 59,000 square feet of office space including a hotel, supermarket and THA’s main office, St James Church restoration, Perry Harvey restoration and Town Center. Construction of this project is scheduled to begin late 2009. Four of the 11 pads will consist of THA owned affordable Housing market rate rental mixed income rental units. Ten percent of those affordable units will be public housing. The approximately half billion dollars THA and its Partners expect to receive a profit from the sale of individual parcels of land that have been created from this plan to private Developers. This profit and the revenues generated from the operation of the affordable rate rental properties will help THA achieve its goals of quality housing for its residence and thereby less economic dependence on HUD subsidies. The profit realization upon the execution of this project will allow THA to continue providing more affordable housing for its residents.
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The Housing Authority of the City of Tampa provides equal opportunity to participate in our housing programs. Any disabled person, outlined by the American Disabilities Act, requiring a reasonable accommodation to make this process accessible may request such by contacting (813) 253-0551 ext. 200.