LIVE OAK — The Live Oak Community Redevelopment Association board approved a business start-up grant at its May 28 meeting.
Dana Berman with Live Oak Investments was approved for a total grant package of $20,000 for a 45,000 square-foot building located at 1415 Ohio Avenue/Dr. MLK Jr. Avenue North. The building was constructed in 1981 for Big Box Pic ’N Save Drugs.
It remained as the Big Box Pic ’N Save Drugs until 1996. Since 1996, the building has only been occupied for three years total and has been vacant since 2009.
Berman could not attend the meeting, but CRA director Gabrielle Redfern addressed future plans.
“Live Oak Investment’s vision is to create a multi-tenant retail center,” Redfern said.
She also spoke about the potential of the building.
“With more than 13,000 cars passing by on a daily basis, the opportunity for an established or new retail or service-oriented concern is evident,” Redfern said. “Based on the total square footage and the national average of 2.5 employees per 1,000 feet of retail space, the rehabilitation and reuse of this space has potential to create 112 new or relocated jobs in the city of Live Oak.”