Local firm tapped to lead efforts at The Lake District
Cushman & Wakefield Commercial Advisors will try to salvage the plans for The Lake District after the multifamily development suffered financial problems.
There are 18 article(s) tagged Lakeland Mayor Josh Roman:
Cushman & Wakefield Commercial Advisors will try to salvage the plans for The Lake District after the multifamily development suffered financial problems.
Wesley Wright finished his term as Lakeland commissioner Thursday night, but his departure from the board could be temporary if he follows through with a run for mayor some day.
The economic impact plans for new mixed-use projects in Arlington and Lakeland will help with infrastructure costs.
Lakeland officials have authorized seeking up to $22 million in bonds to help with construction of a new recreation facility that will be operated by the YMCA.
In the past dozen years, Lakeland has made strides in population, new businesses and a stronger economy, allowing for more enhancements for the city.
Michael Walker, Lakeland city manager, said development in the suburb has not only helped enhance the city but also provided a successful revenue stream.
“Taxes stink, but they are necessary to accomplish our goals as a city,” Lakeland Mayor Josh Roman said after the meeting.
Developer Yehuda Netanel has fallen short in his attempt to obtain the necessary financing to save his The Lake District project in Lakeland.
The Heathfield project received its latest approval during a Lakeland Board of Commissioners meeting this week as development along U.S. 70 steadily continues.
The Lake District financing again appears to be in limbo as deadline passes, but foreclosure delayed.
Yehuda Netanel, the developer of The Lake District, is still trying to pull together enough funds to keep his project alive despite a ruling against his bankruptcy-reorganization plan.
The idea for the Lakeland Meadows “Safety TIF” is to put four roundabouts on U.S. 70 in hopes of curbing fatal accidents on the busy four-lane road.
Lakeland Commissioner Wesley Wright points out that there has been a precipitous drop in crime in the city since the Econo Lodge was demolished last year.
The Lakeland Municipal Planning and Design Review Commission recommended approval for the Heathfield mixed-use planned development outline plan at the future northwest corner of Seed Tick Road and U.S. 70.
The Lake District property will be sold at auction at noon on April 30 at the Shelby County Courthouse.
Lakeland officials say the necessity of finishing a road could help ease traffic in some nearby neighborhoods.
A bankruptcy judge’s denial of a reorganization plan for The Lake District casts another level of doubt that the developer — Yehuda Netanel — can resurrect his vision for the Lakeland project.
The mayors of Arlington, Bartlett and Lakeland anticipate maintaining growth as a priority for 2024, especially with the proximity of BlueOval City.
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