FOR IMMEDIATE RELEASE
February 23, 2016
The City of Sanford, Florida ENTERS INTO AGREEMENT WITH TORRE COMPANIES FOR THE DEVELOPMENT OF Historic Downtown WATERFRONT SITE
SANFORD, FL – The City of Sanford, Florida has entered into an agreement with Torre Companies for the development of a 5.35 acres parcel of City owned property in the historic Lake Monroe Waterfront Downtown Sanford Community Redevelopment Area. This redevelopment project derives from Sanford’s long-term vision and Strategic Plan to unify their distinctive cultural corridor and historic downtown with the Lake Monroe waterfront, promote the City’s distinct culture, business hub, and extensive transportation network, as well as, revitalize its disadvantaged communities. Located in the Central Florida region, Sanford wants to showcase their City as a vibrant and safe City in which people choose to live, work, raise a family, attend school, vacation and retire.
The Torre, Heisenbottle, Dover & Kohl Development Team has begun formulating a development program for a proposed mixed-used project including residential, office, retail, restaurants and hospitality components. Over the next several months, the team will work together to conduct design and feasibility studies and market analysis, as well as, facilitate a community planning and design charrette with City residents and representatives of the City of Sanford to gather their input for the vision of the sites. It is projected that the preliminary redevelopment plan will be presented to the City Commission by August 2016.
“We are enthusiastic and confident about our new public-private partnership with The Torre, Heisenbottle, Dover & Kohl Development Team”, said Mayor Jeff Triplett. The City of Sanford is ripe for revitalization. Blending Sanford’s great diversity and historic elements while meeting the needs of future economic growth, this waterfront development project will take Sanford to the next level, leaving a legacy for all Sanford’s proud residents and visitors to enjoy.”
“This is an exciting opportunity for us to be involved with Sanford’s revitalization of the historic downtown area”, says Venny Torre, the prime developer and one of the principal partners of the project. He went on to say that “the City of Sanford has the right team on their side for this all too important development and redevelopment objective. We have the vision, experience, attitude, backing and most of all the commitment to get the job done well.”
About Torre Companies