The South Cape Community Redevelopment Agency has been recognized by the Florida Redevelopment Association for outstanding redevelopment achievement. The FRA presents awards annually to projects that exhibit the best practices in Florida redevelopment over the past year. The winners will be honored during FRA's 2012 Annual Conference awards dinner, to be held Oct. 25 in Daytona Beach.
The CRA has earned the award for the "Outstanding Rehabilitation, Renovation or Reuse Project." That project is the Faade Grant to the Shops at Cape Coral Parkway, the plaza that includes the relocated Sweetbay Supermarket.
This project is a fully renovated shopping center that is a highly visible site on Cape Coral Parkway in the core of South Cape.
"By working with the owners of the entire shopping center through our Faade Grant program, the CRA had a 'seat at the table' during project planning for the reuse of the former Publix site and surrounding retail space," stated John Jacobsen, CRA executive director. He also mentioned that "the faade grant helped bridge the financial gap between an average faade renovation and a notable one that included the center's other smaller retail tenant spaces."
Carol Westmoreland, executive director of the Tallahassee-based FRA said that the South Cape CRA project was award winning in this category because the faade grant resulted in significant improvements and catalyzed the property owner to make other improvements to their existing structures.
"These property improvements helped increase the property tax base, foster other property owners in the area to improve their property, and provide a better and more attractive physical environment," Westmoreland said.
The FRA awards committee carefully selects the winners from over 60 entries. All of the entries embody the spirit of successful community redevelopment and revitalization.
Founded in 1974, the FRA is a not-for-profit organization dedicated to assisting Florida professionals and volunteers in community revitalization efforts. With its mission of "transforming spaces, revitalizing places," FRA is committed to providing a forum for its more than 300 members to share knowledge and common experiences regarding revitalization opportunities and issues. FRA advocates for quality urban economic development and urban infill, and serves as a statewide clearinghouse for redevelopment information.