RE: Site and Infrastructure Funding Agreement with 625 E Lime, LLCSite and Infrastructure Funding Agreement • February 14th, 2024 • Florida
Attached for your consideration is a Site and Infrastructure Funding Agreement with 625 E Lime, LLC in connection with a multi-family development proposed for 625 E. Lime Street, to be known as the Lime St. Apartments. 625 E Lime, LLC is a part of Coda Development, a Jason Lewis company, which has a growing portfolio of multi-family projects in Downtown Lakeland, with the Lime St. Apartments being its third location in the Garden District. Coda Development’s focus has been on quality, mid-sized multi- family projects that add to the infill redevelopment goals of the CRA. The Lime St. project will continue to build on that concept. The proposed development will consist of one, 4- story building having a total of forty-eight (48) apartment units, with a mix of one- and two- bedroom apartments. The project will provide revitalization to underutilized, vacant land and is an example of urban infill with site and infrastructure challenges.
