02 Jun Temple Terrace Site To Be Redeveloped Into Boutiques, Eateries
A rendering of improvements planned by Enigma to the building that will house boutique and restaurant space. (City of Temple Terrace)
TEMPLE TERRACE, FL — Temple Terrace City Manager Charles Stephenson announced the sale of a 2.44-acre parcel in the community redevelopment area to Enigma Events LLC for the full asking price of $1.5 million.
Stephenson made the announcement at the May 21 City Council meeting.
The property is located at 8633 N. 56th St. and formerly served as home to an automobile repair service center, a discount retailer and a postal annex.
Developers Bhavandeep and Dolly Singh closed their purchase on Friday, May 10. The City Council meeting will begin at 6 p.m. at Temple Terrace City Hall, 11250 N. 56th St. The Singhs plan is to renovate the 30-year-old structure into 26,000 square feet of boutique retail and restaurant space.
The project will feature a contemporary exterior upgrade and a covered walkway that traverses storefronts along all four sides of the building.
The parcel is the second in the city’s Community Redevelopment Area (CRA) to be sold. Paragon Property Group closed on the sale of a 2.85-acre site on the corner of 56th Street and Busch Boulevard in November 2017. That parcel garnered $3.575 million and will be used for five free-standing structures with a total of 22,000 square feet of restaurant, retail and professional office space.
The sale of a third 4.86-acre parcel immediately east of Main Street and south of Bullard Parkway for $3 million is pending to The Richmond Group of Florida Inc. That site will be developed into 200 luxury apartment units. The sale is expected to close later this year.
According to Greg Pauley, Temple Terrace business relations manager, the city is expecting additional offers for several of the remaining CRA parcels to be presented at a Community Redevelopment Agency meeting scheduled for 5:30 p.m. on June 18 at Temple Terrace City Hall, 11250 N. 56th St.
Anyone interested in purchasing any of the additional sites should contact Pauley at email@example.com or by phone at 813-506-6483.
More information on the CRA is available by clicking here.