Kissimmee City Commissioners voted unanimously Tuesday to begin negotiations with local firm CapStrata for the proposed $272 million redevelopment of the city’s blighted Kmart site.

“I’d like to highlight the great opportunity this is for our city,” Mayor Jackie Espinosa said, according to a report in GrowthSpotter . “When we drive through there and see that area, we certainly are all excited about what’s coming.”

The city bought the 22-acre lot last year to spur development in the Vine Street area, then solicited proposals from developers.

Led by Capstack CEO Veronica Malolos and apartment developer Burk Hedrick , the winning team proposed a mixed-use district called Edon Park over five years with 630 mixed-income housing units, about 80,000 square feet of retail, office and dini

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