ITN_GRM260862_Development_of_Catalytic_Opportunity_Site_Lot_5_Downtown_Ocala__Exhibit_H__Property_Record_Card.pdf

This is a Property Record Card exhibit submitted as part of an Invitation to Negotiate (ITN) by the City of Ocala, Florida, for the Development of Catalytic Opportunity Site (Lot #5) in Downtown Ocala. The ITN seeks proposals from qualified developers, builders, partnerships, and agencies to construct a mixed-use development on the subject parcel. The preferred development includes residential use as a required component, with optional combinations of retail, restaurant, office, or cultural facilities. The property is strategically located within the Downtown Community Redevelopment Area (CRA) and the Midtown Master Plan area, positioned in close proximity to the Downtown Square, future hotel development, Osceola Trak, and the Marion County Courts Complex. The City has identified this site as having high catalytic impact potential for downtown revitalization. The ITN process is supported by the Midtown Master Plan (2017) and various commissioned studies that provide guidance on desired development characteristics and mixed-use design principles to inform proposer submissions.

The Property Record Card serves as supporting documentation to establish the property's existing conditions and characteristics relevant to the development opportunity. Additional exhibits and studies have been commissioned by the City to examine development potential for properties throughout the Midtown and Downtown areas, providing proposers with comprehensive planning insights and implementation strategies. The City commits to implementing mobility and connectivity enhancements to support the development strategies outlined in the Midtown Master Plan, working collaboratively with selected proposers and property owners to achieve the planned revitalization objectives for the downtown area.