The Sugar Hill Group has enlisted local firms Wannemacher Jensen Architects, George F. Young, and Vickstrom Engineering Services, along with Urban Farmers Inc., to bring the project to life.
The project is expected to cost roughly $70.1 million, funded by a mix of public loans, tax credit equity, debt, and developer equity.
Construction is projected to take 18 to 20 months once it begins, though a groundbreaking date has not been announced.
When Tangerine Plaza opened in 2005, the shopping center was intended to help revitalize an area long plagued by blight and crime.
Anchored by SweetBay Supermarket, city leaders also hoped it would finally bring basic amenities to the Midtown neighborhood, which at the time had none, not even a grocery store.
SweetBay lasted eight years before closing in 2013, only to be replaced by Walmart Neighborhood Market, which shut down just three years later in 2017.