The EncoreThe Encore Master Development ProjectMaster Development Project

Tampa, FLTampa, FL

Leroy Moore, Tampa Housing AuthorityLeroy Moore, Tampa Housing AuthorityRoxanne Amoroso, Banc of America Community Development Roxanne Amoroso, Banc of America Community Development CorporationCorporation

The Encore is an urban renewal development project that has been in the making for more than three years. It is a public/private partnership to redevelop a blighted area of downtown Tampa, creating jobs, affordable housing, in a green initiative.

The EncoreThe Encore The redevelopment of Central Park Village The redevelopment of Central Park Village

The Encore The Encore The redevelopment of Central Park VillageThe redevelopment of Central Park Village

This public/private partnership is with the City of Tampa, Tampa Housing Authority and Banc of America Community Development Corporation. When completed, it will have created $425 million dollars in new development.

Aerial ViewAerial View

Project Benefits to TampaProject Benefits to Tampa

Directly addresses affordable housing needs

Creates substantial permanent jobs - 4,103 total construction jobs supporting 8,784 total jobs in the local economy over the 2009-2011 build-out period

955 permanent jobs supporting 1,374 total jobs in the local economy post-construction

Project Benefits to TampaProject Benefits to Tampa

Embraces a project with a green initiative committed to LEED certified development

Stimulates business opportunities in an African American neighborhood that is blighted

Directly supports education, tourism, affordable housing and brings needed services such as a grocery store to the area.

Overall New Lot LayoutOverall New Lot Layout

Project StatusProject Status

• Infrastructure – construction plans in for Infrastructure – construction plans in for permitting with City of Tampa, SWFWMD, and permitting with City of Tampa, SWFWMD, and FDOT.FDOT.

• Water/Sewer Permit application 45 daysWater/Sewer Permit application 45 days• Infrastructure construction commence – Infrastructure construction commence –

upon receipt of funding (federal and state)upon receipt of funding (federal and state)• Financing applications first 3 residential Financing applications first 3 residential

developments February 2009, Spring 2009, developments February 2009, Spring 2009, Fall 2009Fall 2009

• Break Ground first development 2010Break Ground first development 2010

It includes the redevelopment of Perry Harvey It includes the redevelopment of Perry Harvey ParkPark

It creates a Town Center Plaza – A Walk able It creates a Town Center Plaza – A Walk able CommunityCommunity

Town Center – Retail, office and Hotel Town Center – Retail, office and Hotel and Housingand Housing

It includes a grocery store siteIt includes a grocery store site

Time Lines For DevelopmentTime Lines For Development

• Infrastructure construction can commence immediately – Infrastructure construction can commence immediately – 12 – 14 months to complete12 – 14 months to complete

• 11stst Vertical Development (Trio) 143 apartments, 3 Vertical Development (Trio) 143 apartments, 3 buildings commence fall of 2009/beginning of 2010 – buildings commence fall of 2009/beginning of 2010 – complete 12 monthscomplete 12 months

• 22ndnd vertical Development (The Ella) 160 apartments, 1 vertical Development (The Ella) 160 apartments, 1 building w/garage senior commence 2010 - complete 18 building w/garage senior commence 2010 - complete 18 monthsmonths

• 33rdrd vertical development (The Tempo) 146 family units, 1 vertical development (The Tempo) 146 family units, 1 building w/garage commence - complete 18 months.building w/garage commence - complete 18 months.

The Trio – Lot 7The Trio – Lot 7143 apartments143 apartments