The wooded parcel is part of the Park Central office park and across Scott Road from the Saint Gertrude High School Outdoor Athletic Center, which the EDA bought last year for $4.5 million.
The development agreement with Markel | Eagle calls for the creation of a separate CDA to help finance initial work on the residential portion of the massive arena-anchored, mixed-use project.
The years-in-the-making project from developers Michael Hallmark and Susan Eastridge was OK’d at Monday's meeting and now goes to City Council for a deciding vote.