Development firm chosen for community redevelopment project

LAKELAND — Tampa-based Catalyst Asset Management was chosen by the Lakeland Community Redevelopment Agency and city commissioners to develop a 1.49-acre, city-owned site in downtown Lakeland. Catalyst has proposed a mixed-income, mixed-use property comprised of market rate and workforce housing rental units, according to a statement. 

"There is still a great deal of work to be done, but at this point in the process, we're very excited and equally encouraged about the City of Lakeland and CRA's willingness to work with us,” says Catalyst Capital Managing Director Michael Allen in the statement. "Together, along with community input, we're dedicated to delivering a creative design that fits within the character of downtown Lakeland.”