Public-Private Partnerships

Creation of Outparcels at Three Meadows Plaza

In April 2011, the Agency Board was informed that the owners of one of the Redevelopment District’s retail centers, Three Meadows Plaza, had made a determination to move forward with the establishment of a public-private partnership for the creation of two outparcels at the front of the property. The project:

  • Provided the County with the required right-of-way for the future widening of the critical roadway, Barnes Boulevard;
  • Redirected the stormwater from the front of the Plaza to the rear pond; and
  • Provided for two additional outparcels at the front of the Plaza.
The partnership required two agreements: one between Brevard County and the property owner, and the other between the Community Redevelopment Agency and the property owner. The Agency acted as the contractor for the project, the total cost of which was $85,000.00. The Agency’s portion of the total project cost was agreed to be $15,000.00.

Throughout 2011, extensive work was performed to clear the property of overgrowth and redirect the stormwater to the rear of the Plaza. In 2012, the outparcels were completed, and Agency staff intends to help market the availability of these properties as the Barnes Blvd. road-widening project nears completion.
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