{"id":59965,"date":"2025-12-16T18:18:02","date_gmt":"2025-12-16T23:18:02","guid":{"rendered":"https:\/\/lakelandgazette.info\/news\/?p=59965"},"modified":"2025-12-16T18:18:07","modified_gmt":"2025-12-16T23:18:07","slug":"lakeland-commissioners-cancel-oak-street-parking-lot-development-deal","status":"publish","type":"post","link":"https:\/\/lakelandgazette.info\/news\/2025\/12\/16\/lakeland-commissioners-cancel-oak-street-parking-lot-development-deal\/","title":{"rendered":"Lakeland Commissioners cancel Oak Street parking Lot development deal"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Lakeland ended its contract with Tampa-based developer Onicx Investments LLC to build multi-family housing on the city&#8217;s Oak Street parking lot, raising questions of what development is financially feasible on that site.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-recalc-dims=\"1\" data-dominant-color=\"909086\" data-has-transparency=\"false\" style=\"--dominant-color: #909086;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"581\" sizes=\"auto, (max-width: 1110px) 100vw, 1110px\" src=\"https:\/\/i0.wp.com\/lakelandgazette.info\/news\/wp-content\/uploads\/2025\/12\/oak-street-project-from-southwest.webp?resize=1024%2C581&#038;ssl=1\" alt=\"\" class=\"wp-image-59966 not-transparent\" srcset=\"https:\/\/i0.wp.com\/lakelandgazette.info\/news\/wp-content\/uploads\/2025\/12\/oak-street-project-from-southwest.webp?w=1024&amp;ssl=1 1024w, https:\/\/i0.wp.com\/lakelandgazette.info\/news\/wp-content\/uploads\/2025\/12\/oak-street-project-from-southwest.webp?resize=300%2C170&amp;ssl=1 300w, https:\/\/i0.wp.com\/lakelandgazette.info\/news\/wp-content\/uploads\/2025\/12\/oak-street-project-from-southwest.webp?resize=768%2C436&amp;ssl=1 768w\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The commission voted 5-1 on Dec. 15 to terminate its May 2022 development agreement with Onicx.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Under the 2022 agreement, Onicx was going to buy the 150-space public parking lot north of Oak Street and west of Kentucky Avenue from the city\u2019s\u00a0Community Redevelopment Agency\u00a0for\u00a0<strong>$1.83 million<\/strong>.<br><br>Onicx planned to spend around\u00a0<strong>$70 million<\/strong>\u00a0to build a donut-like, seven-story\u00a0mixed-use project\u00a0with apartments, townhomes, commercial space, a retail arcade facing Oak Street, and an embedded, three-story parking garage topped with a courtyard.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Three years on, none of that has happened.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lakeland ended its contract with Tampa-based developer Onicx Investments LLC to build multi-family housing on the city&#8217;s Oak Street parking lot, raising questions of what development is financially feasible on&hellip; 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