Hello Tallahassee!

​       For a humble town with southern charm, Tallahassee is gaining more and more exposure in the public eye; from the booming construction plans in College Town, the newly built Cascades Park to the luxurious Plaza Tower in downtown Tallahassee that is getting the second look she deserves.  Million Air magazine recently gave Tallahassee a shoutout as one of the “Top Worldwide Real Estate Developments."  The article refers to Tallahassee as “A True Southern Gem” and mentions several popular sites such as the Diamond Suite at Hotel Duval, Cypress Restaurant, the History Museum, Maclay Gardens State Park, the Knott House and Mission San Luis among many other highlights.  Million Air magazine serves one million clients with an average net worth for each client of $41 million; the Million Air brand is synonymous with first-class and if they think Tallahassee is deserving of one of their elite 27 terminals then they must be right! 

            Tallahassee is currently boasting in one of the highest growth rates out of any metropolitan area the state.  According to the Tallahassee Downtown Improvement Authority “Tallahassee must increase the quantity and diversity of downtown housing options, leveraging opportunities for developing new typologies of mixed, workforce, young professional and multi-generational housing throughout Downtown, appropriately located, most prominently but not exclusively, in the Cascades Park and All Saints districts, as well as College Park and Capitol Hill”.

            The Community Redevelopment Agency is a leading global consulting firm that offers economic, financial, and strategy expertise to major law firms, corporations, accounting firms, and governments around the world. Since 2007, the CRA has given nearly $16 million in funding and funding commitments for large-scale redevelopment projects Downtown including Cascades Park, the Alliance Center, College Town and the Block and the Deck. Over the last 10 years total public investment and outside assistance with these growing areas has amounted to almost $92 million dollars. Looking back from 2009, the amount of public and private development facilitated by the City and County has skyrocketed and is evidenced primarily in areas such as Gaines Street, Cascades Park and the planned extension of FAMU Way.

            So what does this mean for Real Estate you say? Well, with all this expansion, Tallahassee has no choice but to increase the quantity and diversity of Downtown housing options. This means there is a great opportunity for new markets of housing. The area calls new typologies of mixed, workforce, young professional, and multi- generational housing in appropriate districts. Keep your eyes open because the Regal Homes Team has a hunch that this humble town with southern charm will begin to get a taste of big city ideas and transformation. But don’t fret, Tallahassee has always been able to maintain her class and a little growth never hurt anyone!