CRA Annual Report 2021 | Page 10

The Original CRA

The City ’ s original CRA is approximately 1,600 acres or 2.7 square miles . The original CRA boundary includes the City ’ s U . S . Highway 1 ( Federal Highway ) corridor from just north of Village Green Drive , south to the St . Lucie / Martin County line . Lennard Road forms most of the eastern boundary , and the western boundary is predominantly the rear property line of those properties fronting U . S . Highway 1 . The major goals of the redevelopment plan for the U . S . Highway 1 corridor center on the development of a town center at U . S . Highway 1 and Walton Road ( City Center ) and a variety of mixed-use , commercial , office , residential , and recreational districts .
In 2005 , the City and the Agency entered into a public-private partnership with a developer to redevelop a 69-acre shopping center at the southeast corner of U . S . Highway 1 and Walton Road into a mixed-use town center consisting of 253,820 square feet of retail space , 247,000 square feet of office space and 1,125 residential dwelling units ( including 150 hotel rooms ).
By 2008 , the City and Agency completed construction of a 100,000 square foot civic center , a public plaza with interactive fountain , a structured parking garage , and other improvements . The civic center includes 20,000 square feet of meeting space , a gymnasium , and art gallery . Infrastructure improvements were also completed in 2008 and include an urban street grid system with on street parking , lighting , landscaping , irrigation and stormwater improvements .
2021 ANNUAL REPORT COMMUNITY REDEVELOPMENT AGENCY Page 10