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The Northeast News & Tribune
City comes to terms with town center developer
On Tuesday the city's nine-year vision to redevelop two antiquated strip malls into a multimillion-dollar mixed-use town center took another leap toward fruition.
On June 30 Temple Terrace City Council approved an 80-page contract presented by the city's master developer, Temple Terrace Investments LLC, a joint venture of the Atlanta-based Vlass Group, MJ Land Developments and Marketplace Advisors.
Vlass is the third developer to tackle the project. Others were Ram Pinnacle and Unicorp.
In terms of the agreement, reached after a lengthy Community Redevelopment Agency meeting, the city conveyed ownership of 29 acres southeast of Bullard Parkway and 56th Street to the developer.
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