Fort Walton Beach Resolution — 2025-10 Approving the Community Redevelopment Area Plan Update — reading text

16% Table 1 1: Existing Land Use (Source: City of Fort Walton Beach) Fort Walton Beach CRA Plan 15  Type CRA INTRODUCTION Vacancy by CRA of Acres Vacant %of Vacant Commercial 58. 4 91% Residential 4. 6 7% Instiutional 1. 5 Total 64.52 100% Table 1 2: Vacant Land by Type (Source: City of Fort Walton Beach) Map 1 6: Existing Land Use 16 Fort Walton Beach CRA Plan Zoning The existing zoning within the CRA closely mimics the existing land use in that there is a large amount of commercial use within the CRA along Miracle Strip Parkway, Eglin Parkway and Beal Parkway. The zoning encourages more Multi Family Residential, Mixed Use, and Mixed Business Manufacturing in the CRA. In comparison to citywide, Single Family Residential and Recreation zoning designations are more prevalent outside of the CRA (Table 1 3 and Map 1 7). CRA CitywideZoningAcres% of CRA Acres % of Citywide Community Facilities 58.26 9% 438.73 11% Commercial 212.56 33% 328.80 8% Commerce Technology Park 0.00 0% 311.71 8% Mixed Business Manufacturing 57.51 9% 154.53 4% Mixed Use Medium 43.83 7% 126.28 3% Mixed Use High 159.01 24% 196.80 5% Not Zoned 0.00 0% 20.69 1% Planned Unit Development 17.26 3% 22.04 1% Single Family Residential 14.42 2% 1,491.74 37% Single Family Residential Estate 0.00 0% 218.44 5% Multi Family Residential 56.33 9% 226.36 6% Recreation 29.90 5% 444.60 11% Yacht Club 0.00 0% 3.99 0% Total 649.07 100% 3,984.71 100% Table 1 3: Zoning (Source: City of Fort Walton Beach) Map 1 7: Zoning Fort Walton Beach CRA Plan 17  Future Land Use The future land uses within the CRA closely mimic the zoning designations, particularly Mixed Use Commercial and Medium Density Residential future land uses, as the City desires to encourage more higher density mixed use, commercial, and multi family residential developments within the CRA and the Downtown Core. In comparison to citywide, Low Density Residential, Recreation, and Civic, Institutional, and Utility future land uses are more prevalent outside the CRA (Table 1 4 and Map 1 8). CRA CitywideFuture Land Use Acres % of CRA Acres % of Citywide Civic, Institutional and Utility 16.51 3% 363.01 9% Conservation 1.28 0% 42.35 1% Commercial 184.88 28% 295.47 7% Industrial 0.00 0% 321.72 8% Low Density Residential 13.16 2% 1,713.53 43% Mixed Business/ Industrial 59.11 9% 154.39 4% Medium Density Residential 69.51 11% 241.64 6% Mixed Use 270.75 42% 411.09 10% No FLU 0.00 0% 0.95 0% Private Club 0.00 0% 3.99 0% Recreation 33.88 5% 436.57 11% Total 649.07 100% 3,984.71 100% Table 1 4: Future Land Use (Source: City of Fort Walton Beach) Map 1 8: Future Land Use 18 Fort Walton Beach CRA Plan  Development Trends Development trends were assessed by reviewing the square footage built (by effective year) for structures and recent development activities. The effective year built provides insight into when significant renovations or redevelopment, if any, took place and helps illustrate clusters of parcels that have the potential or need for rehabilitation/redevelopment/ development to occur. Table 1 5 and Map 1 9 show that the CRA consists primarily of buildings constructed in 1980–1989 and 2000–2009, mostly along Miracle Strip Parkway and within the center of the CRA, followed by a dramatic decline in construction during the last several years, partly due to recovery from the economic downturn and not having a full decade’s worth of construction, in comparison to citywide, where most of the buildings were constructed between 1960 and 1969, with a steady construction pace until 1989 and then a decline in the 2000s. Overall, there was a greater percentage of the CRA developed in the last decade than citywide. Citywide Parcel Citywide Parcel Effective Year Built CRA SF Built % CRA SF Built Count Count Prior to 1960 609,285 9% 3,007,229 11% 1960 1969 935,702 13% 6,852,037 26% 1970 1979 1,153,327 17% 5,009,906 19% 1980 1989 1,559,067 22% 5,991,222 22% 1990 1999 1,049,340 15% 2,710,880 10% 2000 2009 1,187,424 17% 2,073,710 8% 2010 2016 455,291 7% 1,157,211 4% Total 6,949,436 100% 26,802,195 100% Table 1 5: Square Footage Built by Decade (Source: Florida Department of Revenue) Map 1 9: Effective Year Built Fort Walton Beach CRA Plan 19  Currently, there is a significant amount of development activity within the CRA. The majority of the approved developments are commercial uses and some mixed use, residential, industrial, and government uses. The development trends to higher density mixed use and commercial developments within the CRA and the Downtown Core will translate to more residents; therefore, providing affordable/ workforce housing within these high density/ mixed use developments is essential to meet the needs of present and future residents and workers, as well as to create an aesthetically pleasing urban environment with multi modal connections within the CRA. Name Address Development Type Status McKinney Funeral Home 11 Carson Drive NE Commercial CO Issued Commercial (Mixed Use zoning) Landmark center 223 Miracle Strip Pkwy SE In Review hotel/vacation rentals) Live Work Play Developers, LLC 223 Miracle Strip Pkwy SE Same as above In Review Landmark 223 Miracle Strip Pkwy SE Same as above Permit Issued Clint Aden 19 Park Circle SE Residential Permit Issued Candlewood Suites 407 Miracle Strip Pkwy SW Commercial Permit Issued 127 Miracle Strip Pkwy LLC 127 Miracle Strip Pkwy SW Commercial Permit Issued Greg Chapel AME, Inc. 10 Nicholson St NE Residential Permit Issued FWB Housing Authority 12 Third St SE Residential Permit Issued Brooks Street Fishhouse 109 Brooks St SE Commercial In review City Field Office Complex 11 Jet Dr NW Public Facility In review Table 1 6: Development Activities (Source: City of Fort Walton Beach) market for potential homebuyers, even though it may be Housing currently higher than the city’s median household income. The existing non rental housing stock within the CRA The just value threshold was calculated using the accepted comprises primarily condominiums and single family standard of multiplying the AMI by 2.5 to estimate the price homes. In addition, a significant