The meeting focused primarily on the termination of the development agreement for the Gateway Denon mixed-use project, located at the intersection of Main Street, Milwaukee Avenue, and Skinner Boulevard. The economic development director provided a detailed history of the project, dating back to 2004, and highlighted the financial difficulties that necessitated the termination. Originally projected to cost $35-40 million, the project’s costs had escalated to $70-75 million, making it financially unfeasible under the existing agreement. The developer, Joe Kokakis, remains involved and plans to re-envision the property, including the development of a boutique hotel. This new vision aims to benefit local businesses and stimulate the downtown economy.

The discussion also included the Jernigan tract, a 0.6-acre parcel adjacent to the Boy Scout property that the developer is obligated to deed over to the city. The conditional approval of the termination is tied to the successful transfer of this property. The termination process will be presented to the city commission on September 19 and requires final approval on October 3.

Public comments during the meeting reflected both support and concern for the new plans. One resident questioned the necessity of additional hotels in the area, while another inquired about the original development agreement and the associated credits for the vacant property. The economic development director reassured the public that the boutique hotel would enhance the downtown economy by attracting visitors who would patronize local businesses. The emphasis was on the boutique nature of the hotel, which would be more fitting for the location than larger hotel models.

The meeting also touched upon the ongoing ownership changes at Ocean Optics, with discussions suggesting a mixed-use concept for that area. The historical context was provided, noting minimal residential options in downtown when the speaker first arrived in the city in 1995. The Monreal Park Town Homes were mentioned as a significant early project balancing residential and commercial spaces. The idea of a hotel as a fitting addition was reiterated, with assurances that it would carry unique character and artistic influence.

A significant announcement was made regarding an affordable housing project in Dunedin, located on Carnation Drive behind Dollar General. After five years of efforts, the right developer and partnerships, including the Pinellas County Housing Authority, have been established. The project is set to offer 78 units, targeting individuals and families earning between 60% to 120% of the area median income. This project is considered a substantial step forward in addressing affordable housing needs, especially in light of increasing rental prices in the area.

Attention also turned to other ongoing capital projects, with over $20 million allocated for various developments in downtown Dunedin. These include a proposed parking garage, renovations of Old City Hall, and additional streetscape enhancements along Main Street. The absence of vacancies downtown was noted as a positive indicator of economic health, with the city’s tax base showing significant growth since 1988.

Lastly, the meeting allowed for public input, with expressions of gratitude and an invitation for continued community engagement. A forthcoming presentation regarding the Citizens Academy was mentioned, encouraging residents to voice their concerns or suggestions for future developments.