Coral Springs commissioners to discuss grant of up to $50,000 for renovating aging office building on University Drive
Coral Springs, Florida – Coral Springs city commissioners will soon consider a proposal to provide up to $50,000 in grant funding for the renovation of a prominent office building on University Drive. The project aims to revitalize the 2801 Professional Building, which has seen better days, by addressing a variety of structural and aesthetic issues that have contributed to its aging appearance.
The building, located at 2801 N. University Drive, is a key property in one of Coral Springs’ busiest corridors, making it an ideal candidate for improvement. If approved, the grant would help cover a range of upgrades, including stucco repairs, roofing work, painting, landscaping, and improvements to the building’s monument sign. These renovations are all designed to enhance the building’s curb appeal and increase its overall value, making it a more attractive asset to potential tenants and investors.
The project also calls for replacing stair protectors and addressing other structural elements of the building. The goal is to not only improve the building’s visual appeal but also ensure it meets modern standards for safety and functionality. “The project will stabilize and increase the ad valorem tax base in Coral Springs,” city staff emphasized in a memo to the commissioners, highlighting the long-term benefits of such an investment.
The proposed funding for this renovation comes from Coral Springs’ Economic Development Incentive Program, which was created to revitalize aging or underused commercial properties. The program covers up to 50% of eligible costs for approved projects, with the objective of combating blight, attracting new investments, and enhancing the overall look of the city’s commercial spaces. By improving the appearance and usability of these properties, the city aims to foster a more vibrant, economically thriving community.
The 2801 Professional Building Condominium Association, which owns the property, has expressed interest in utilizing this grant to make much-needed repairs and improvements. If the city commission approves the funding, the building’s owners will have until December 5 to complete the renovations. Once the work is finished and verified, the funds will be reimbursed to the property owners.
This initiative is part of Coral Springs’ broader strategy to encourage revitalization and attract investment to the area. By targeting properties that have fallen into disrepair or underuse, the city hopes to stimulate economic growth and create a more inviting environment for businesses and residents alike. With the approval of this grant, the 2801 Professional Building could serve as a shining example of the city’s commitment to improving its commercial properties and enhancing its urban landscape.
The city commission is set to discuss the proposal on Wednesday, with a final vote expected shortly thereafter. Should the grant be approved, the renovations are expected to start soon, bringing much-needed upgrades to a building that plays a key role in Coral Springs’ commercial district.
