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The MCRA reached consensus to negotiate a purchase and sale agreement for two MCRA-owned properties at an approximately $475,000 offer from ACE Hardware; the agreement will return to the Board for consideration.
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ACE Hardware proposed buying properties at 1491 North State Road 7 and 5750 N.W. 15th Street to build a 10,000-square-foot store. The Board generally supported moving forward but requested protections and workable terms, especially if the sale price is below market value. The Board also unanimously accepted the independent auditor’s financial report for the fiscal year ended September 30, 2025. Project updates included ongoing plaza and boulevard improvements, underground utility planning, and Coral Gate Park work that was reported as 90% complete.
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