The Opportunity and Scope

The City of Temple Terrace is one of the Tampa Bay's premier communities, and its redevelopment area is strategically located near the University of South Florida, Florida College, Telecom Park, Busch Gardens and I-75. The City is located along the beautiful Hillsborough River with a population of approximately 25,000. The City provides its residents with a high quality of life and easy access to the Tampa Bay region and all of its world class amenities.

The City of Temple Terrace is seeking Request for Proposals to redevelop all or a specific part of its redevelopment owned property, which is approximately 20 acres of City owned land in its downtown redevelopment area (See Exhibit Site Location Maps). The City of Temple Terrace is looking for a developer(s) that can bring a strong financial plan forward to create a pedestrian mixed use environment in the City's core. The City is looking for developer(s) that can be innovative and capture the unique opportunity to develop an urban district near the University of South Florida, its research park, Florida College, Busch Gardens and the Tampa Bay's medical hub. An important consideration for this project is the ability to balance the community's vision with long term financial stability for the urban core. Area A and B (See Exhibit on page 9) has a mixed use zoning overlay with Area C currently zoned for single family residential. Modifications to the zoning may be considered for selected projects if needed. Respondents are expected to put forward an innovative, mixed-use, market-driven concept that takes full advantage of this excellent location.

The City envisions a project that is woven into the fabric of a thoughtfully enhanced area. The City's concerted efforts thus far have included: downtown masterplan, a new zoning overlay that incentivizes redevelopment, investments into streetscape improvements both on-site and along adjacent corridors and a master storm water system.

Additional elements include:

1. Catalytic and Appropriateness – Creates an urban and/or mixed-use project in downtown Temple Terrace that capitalizes on its prominent urban location, proximity to major regional assets and visibility along an important corridor. The redevelopment of the site should stimulate additional area redevelopment and maximize its symbiotic relationship with the surrounding neighborhood and future potential uses.

2. Viability, Buildability, and Achievability – While the existing and purposed zoning of the sites provide a broad framework and is intended to have the requisite latitude to support a host of uses, redevelopment should be market-driven, financially feasible, and able to be initiated and completed within a reasonable time period acceptable to the City.

3. Community Benefits and Support – The redevelopment of the site should have a positive benefit to the overall community.

4. Job Creation – The redevelopment of the project site should create economic opportunities through employment opportunities for Temple Terrace residents and businesses.

5. Quality Architecture – Responses should provide an innovative, high quality design that is aesthetically appealing. The form and design should create functional and vibrant spaces. City

Demographic Profile