The Akridge Company of Washington, D.C., which came forward with its plans for 500 N, Washington St. redevelopment in 2006 before the Great Recession hit, has returned with a reconfigured plan for the site, involving two buildings, one office and one for 200 residences with retail on the ground floor, presented at a joint work session of the F.C. City Council and Planning Commission tonight. The reconfigured so-called “Gateway” project will be 30 percent commercial and 70 percent residential and City Hall fiscal analysis indicates it would bring in from $550,000 to $800,000 in added revenue to the City annually. The presentation was made by City staff with Akridge officials observing in the audience.
