![]() “It’s early in the process right now, so I don’t have a lot of details on it,” Murray said. ![]() Roughly 1,000 acres called the “heel” of the Welaunee property is slated for massive growth in the coming years and the vision for the property will soon surface. Northeast Tallahassee is a development hotspot. “That’s going after the market of the 25- to 45-year-old, generally professional, working downtown,” Murray said.Įxpect to see dirt moving all over the city, particularly at Florida State University where $1 billion in construction projects are planned in the next three years. ![]() The 4Forty North development is slated to open by May or June, said Murray, adding an 800 square foot apartment is priced at about $2,500 to $2,600 per month. It will be the second largest new stock of luxury apartments following the debut of Millstream at Cascades last year. The next major redevelopment for downtown Tallahassee is 4Forty North, where a $69 million redevelopment of the Envision Credit Union’s former flagship location is building roughly 250 apartments and 13,690 square feet of commercial space. But, the projects that are already in the pipeline are continuing to close and move forward. It’s not as strong as it was,” Murray told the crowd of business leaders. NAI TALCOR President Ed Murray, a commercial real estate expert, led the discussion and shared what’s coming and under construction. The last day of the Tallahassee Chamber of Commerce focused on growth and development. AMELIA ISLAND - Major developments are reshaping Tallahassee’s skyline and poised to inject more housing, retail and commercial offerings for capital city residents and visitors.
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