Shopping center owner advances adjacent residential project in Tallahassee

Summit Group Commercial Properties owns Bannerman Crossings and plans to build houses and townhouses next to the shopping center

Miami /
Jul.July 29, 2018 03:00 PM

Bannerman Crossings in north Tallahassee (Credit: Joe Rondone | Tallahassee Democrat)

A project  to build high-end houses and townhouses next to a shopping center in north Tallahassee is headed for the permitting stage of development.

Summit Group Commercial Properties expects to start construction of nine houses and 22 townhouses.

The 52-acre residential development site north of Interstate 10 is part of a larger Summit-owned property that includes the Bannerman Crossings shopping center.

The developer expects to price townhouses at $400,000 and estate homes at $500,000 and up.

Rick Kearny, a wealthy executive in the information technology industry, is financing Summit.

The development company fought Tallahassee zoning rules and faced lawsuits filed by opponents of the company’s early plan to build 240 apartments next to Bannerman Crossings.

Summit hired Tallahassee-based Huffman Associates Studio for Architecture to design the residential development. [Tallahassee Democrat] – Mike Seemuth


Related Articles

arrow_forward_ios
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)
South Florida’s pandemic-fueled residential market poised for bull run in 2021
South Florida’s pandemic-fueled residential market poised for bull run in 2021
Kathleen DuRoss Ford and 300 North Lake Way (Getty, Google Maps)
Kate Ford’s Palm Beach estate sells for $55M
Kate Ford’s Palm Beach estate sells for $55M
Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)
You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
Gables Town Colony apartment complex, Sue Ansel of Gables Residential
Gables Residential scores $85M loan for Boca Raton apartment complex
Gables Residential scores $85M loan for Boca Raton apartment complex
Broadstone City Center with Alliance Residential’s Bruce Ward and Nuveen CEO Jose Minaya
Nuveen pays $103M for West Palm luxury apartments
Nuveen pays $103M for West Palm luxury apartments
Edmund Ansin and the property (Credit: Google Maps)
Billionaire TV family sells Miramar property to Florida Crystals
Billionaire TV family sells Miramar property to Florida Crystals
Toscana apartments and Juan Porro of FCI Residential
Florida Crystals sells Margate rentals for $60M
Florida Crystals sells Margate rentals for $60M
From left: Andrea and Renzo Rosso
Diesel family dishes on Wynwood condo project
Diesel family dishes on Wynwood condo project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...