To provide guidance and incentives for redeveloping the District, Development Strategies prepared a Chapter 353 redevelopment plan and a TIF redevelopment plan. In addition, a market study and revenue projections were undertaken to support State incentives for a new IKEA to be constructed in the District.
To date new development in the District includes nearly 800,000 square feet of office/research space and a new hospital. In addition, a 380,000 square foot IKEA is under construction.
When build-out is completed, it is projected the District will contain approximately 3.8 million square feet of office/research space, 700,000 square feet of retail, nearly 1,000 residential units, and several hotels, and support over 15,000 jobs.