The City of New Port Richey’s Community Redevelopment Agency is seeking to retain a professional real estate brokerage team to market for purchase approximately 5.73 acres of CRA-owned, and in negotiation, property. The objective would be to find a highly qualified, creative, and motivated developer to purchase and implement a desired and approved project. The City has secured grant funding totaling $800,000 towards construction of an inundation pond that could be contributed to the project. Specifically, the City is looking to add to recent investments in the District including Keiser University, Comfort Inn & Suites, and a public parking garage, with additional mixed-use residential, retail and commercial buildings that will support more activities and uses, and attract additional residents and visitors. As part of a planned redevelopment project, the city envisions a 5-story residential community but remains open to variations on this concept.
