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If the investor group does formally submit an application, commissioners could, under city procurement rules, elect to open up the property for competitive bids or go to voters with investor’s solo bid.

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Terra and Arquitectonica are working on two projects in Overtown and Midtown; Kobi Karp is designing a condo tower downtown.

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The incentive program includes three different categories of businesses.

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Clear Residences is planned as a 60-story tower, rising 690 feet above ground.