by admin | Apr 19, 2016 | Market Data
The Austin Center property could become a miniature city in the heart of Westshore.
Source: www.bizjournals.com
Resdwtone controls 10 prime acres in the Westshore Business District which is entitled for 1.6 million square feet of development.
Conceptual plans include two office buildings — one 200,000 square feet and one 300,000 square feet — with ground-floor retail fronting Westshore Boulevard. There’s also a 50,000-square-foot retail building, 15,000 of which fronts Westshore Boulevard.
The site plan calls for grocery signage, though a grocer isn’t identified on the plan and a variety of residential options.
The current owner is being very dynamic with the ultimate direction the project will go to take advantage of market conditions and demand.
by admin | Apr 19, 2016 | Market Data
Hundreds of new residential units are slated for Ybor City.
Source: cltampa.com
Ybor City lies just outside of the downtown Tampa CBD, but has largely been ignored by developers and investors alike until more recently. There are currently several new apartment projects planned, a numbe of other smaller scale residential for sale options and several commercial deals. In total, these will help reshape the district by bringing on new bodies to help reinvigorate the area.
by admin | Apr 19, 2016 | Market Data
Source: www.heraldtribune.com
The Kolter Group will continue its development efforts in Sarasota with an 18-story luxury condominium next to the Ritz-Carlton hotel. Kolter plans to break ground in spring 2017 on The Grande, with 86 residences that will offer services managed by the Ritz-Carlton. Prices for three- and four-bedroom units, including penthouses, will run from $2 million to more than $5 million.
This is Kolter’s third project which includes Vue Sarasota Bay, an 18 story 144 unit condo and 255 key Westin Hotel along with The Mark, a mixed-use 12-strory tower with 157 units.
There are a large number of new developments including retail, condo, hotels and apartments. Vertica Partners and Framework Group are developing 228 luxury apartments in the Rosemary District of downtown Sarasota adding to the tremendous growth in the area.
by admin | Apr 19, 2016 | Market Data
Moving to the urban core would be a financial boon, according to a new study.
Source: www.bizjournals.com
According to the results of a feasibility study Museum of Science & Industry (MOSI) released Friday, downtown Tampa could serve as the ideal land spot. While Strategic Property Partners has discussed the possibility of MOSI moving to its $2 billion district in downtown Tampa, the feasibility study did not address a specific location in the urban core.
Adding yet another educational and cultural asset such as MOSI would be a tremendous boon for the downtown Tampa area.
by admin | Apr 11, 2016 | Market Data
Source: jedkolko.com
Contrary to current prevailing wisdom, the U.S. actually continues to suburbanize. The share of Americans living in urban neighborhoods dropped by 7%, from 21.7% in 2000 to 20.1% in 2014. Even looking at only the densest urban neighborhoods where about one-third of the urban population lives, the share of Americans living in these neighborhoods fell by 5%, from 7.4% in 2000 to 7.0% in 2014.
What has changed in urban environments is the demographics. Urban environments have become more rich and more childless. With the high number of infill apartments under construction, it will be interesting to look back in a few years and see who ultimately ends up occupying these buildings and if the projections of developers and real estate professionals alike will be proven right.
