Exhibits_I_-_IV.pdf

This is an exhibits document supporting a Commercial Real Estate Brokerage Services contract opportunity for the City of Gainesville, Florida, detailing the Cornerstone Development project. The Cornerstone Development comprises two phases of city-owned, pad-ready commercial real estate located approximately two miles east of downtown Gainesville. Cornerstone I consists of six parcels: two currently occupied by the 31,000-square-foot Gainesville Training, Educational and Community Center (GTEC Center) and the 25,000-square-foot Merieux Nutrisciences building, with four vacant parcels available for development. The city-owned parcels range in size from 4,624 square feet to 4.38 acres, with total city-owned acreage comprising approximately 69,000 square feet across seven identified parcels. The exhibits include an aerial photograph of the campus and surrounding environs, a development concept plan, and summaries of both city-owned and adjacent non-city-owned properties that comprise the broader Cornerstone Campus area.

The exhibits identify eight non-city-owned adjoining properties ranging from 8,276 to 23,958 square feet that may be relevant to the overall development context. The GTEC Center, originally constructed in 2000 as North Central Florida's first high-tech incubator, currently houses 16 businesses (94 percent minority-owned and 50 percent women-owned) and supports workforce training and community events. The City plans a $5.5 million refurbishment and rebranding initiative for the GTEC Center, addressing documented facility issues including oversized laboratories, limited small office spaces, and outdated infrastructure. The development site benefits from prior site approvals that streamline timelines, proximity to established medical, research, transit, and community facilities, and a planned senior living facility nearby.