Pair looking to transform Sistrunk Blvd. into a millennial hotspot by Larry Barszewski
It's hard to see past Sistrunk Boulevard's vacant lots and empty storefronts, but a pair of businessmen are betting a renaissance is near – with a vision of restaurants, stores and apartments geared toward millennials. Entrepreneur Felipe Yalale has paid $3.8 million over the past year to amass 25 properties covering 4.3 acres near Sistrunk Boulevard and Northwest Seventh Avenue. He and developer Peter Flotz are finishing up some additional land negotiations and say they expect to have project plans to the city for review by the end of the year. They say they want to create a place for younger people wanting to be close to the downtown bustle without paying the extravagant rents. They're talking about small-sized apartments – maybe 400 to 600 square feet – over street-level stores, restaurants and entertainment. Millennials "want simpler, smaller, affordable, but they still want...
