The Real Deal Miami

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
July 29, 2018 03:00PM

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