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Faits saillants de l'investissement

  • Multiple city-owned parcels available, including riverfront sites and commercial frontage along US 19.
  • Strong market fundamentals with 250,000+ residents within 30 minutes and 63,000 AADT on US 19.
  • Historic downtown charm combined with modern infrastructure and a growing cultural scene.
  • Development potential for up to 350 multifamily units with integrated retail and commercial uses.
  • Incentives include CRA benefits, $1.6M DEP grant, and existing structured parking with 154 slots.

Résumé de l'annonce

The City of New Port Richey invites visionary developers to participate in the transformation of the Rivergate Palm District, a gateway to the city’s historic downtown and a vibrant hub along the Cotee River. This redevelopment initiative offers a rare opportunity to shape a dynamic mixed-use environment that blends residential, retail, and commercial uses within a thriving Community Redevelopment Area (CRA).
Strategically located along U.S. Highway 19, with a traffic count of 63,000 AADT, the district benefits from exceptional visibility and connectivity. The area is supported by strong demographics, with over 250,000 residents within a 30-minute drive and an annual population growth rate of 1.88%. Recent investments, including the Keiser University campus and Comfort Inn, underscore the city’s commitment to growth and revitalization.
The vision for Rivergate Palm District emphasizes walkable urban design, higher-density housing, and modern architectural treatments that complement the historic downtown. Up to 350 multifamily units are envisioned, supported by retail and commercial synergy. City-owned assets include six parcels, two with river frontage, and a structured parking garage with 154 available slots. Incentives such as CRA benefits and a $1.6 million DEP grant for infrastructure improvements further enhance the development potential.
Anchored by major healthcare, education, and government institutions, New Port Richey offers a stable economic base and a growing demand for housing and services. This project represents an unparalleled opportunity to create a vibrant, connected district that elevates the city’s quality of life and economic vitality.

Faits sur la propriété

Type de vente Investissement
Statut Actif
Nombre de propriétés 6
Individuellement en vente 0
Superficie totale du terrain 6,42 AC
  • ID d’inscription: 39847798

  • Date de mise sur le marché: 2026-03-20

  • Dernière mise à jour:

  • Adresse: New Port Richey Downtown, New Port Richey, FL

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