The Margate Community Redevelopment Agency (MCRA) has assembled 36 acres of property in the area of U.S. 441/SR 7, including the former Swap Shop property, the Ace Hardware Plaza and Chevy Chase shopping plaza. The purpose of this land assembly is to create a central “town center” consistent with the 2003 “Citizen’s Master Plan.”
The center is envisioned to be anchored by:
- Retail, dining and leisure activities
- A residential component
- Public open space
- A waterfront promenade
- An amphitheater for outside entertainment and events
This project will be different than the typical strip shopping center, and will create a walkable, vibrant destination for residents of Margate and visitors from surrounding communities. The CRA has committed to providing more than $5 million in funding to help pay for the project’s public components. The project will add significant dollars to the tax base and will provide job opportunities and additional residential choices for the community.