Long in works, Gainesville pegs hopes on local development firm for Lot 10

Gainesville will negotiate with a local company instead of a South Florida firm to develop a mixed-use downtown project on city property known as “Lot 10.”

City Commissioners opted Thursday night not to go with a recommendation of a real estate consultant — at least for now — to hire the Boca Raton-based Predesco Property Investment to develop the site at 100 SW First Ave.

Two other local firms had submitted proposals to develop the site after the real estate firm Colliers International, on the city’s behalf, put out the development request.

Instead, the commission authorized city officials to negotiate with the locally based AMJ Group Inc., which has extensive Gainesville development experience and had also put in a development proposal for the city-owned land in front of Loosey’s Downtown.