by admin | Feb 9, 2016 | Market Data
Just months after agreeing to move ahead with the development of the stalled Pineapple Square in downtown Sarasota, the Kolter Group has designated a new name and start date for the mixed-use project.
Source: www.businessobserverfl.com
Kolter’s presence in downtown Sarasota is expanding with their latest project, The Mark. The expansion of this project speaks volumes to their long term view of the downtown area which is undergoing a dramatic transformation. Additional retail, restaurants, multiple hotels and several apartment projects including a luxury 228 unit apartment project being developed by Vertica Partners and Framework Group.
by admin | Feb 2, 2016 | Market Data
Real Estate Press Room to help keep home buyers and sellers informed on Real Estate news.
Source: zillow.mediaroom.com
The average urban home is now worth two percent more than the average suburban home–a recent phenomenon. In 2013, the average urban home was worth 1.2 percent less than the average home in the suburbs.
by admin | Feb 2, 2016 | Market Data
Source: demomemo.blogspot.com
Despite the market holding their collective breath for a turnaround in homeownership, the numbers continue to decline falling to 63.8% in 4Q 2015. What’s even more interesting is the drag on ownership with the various age segments, particularly Millennials which are expected to lead the charge when homeownership rates increase.
by admin | Jan 30, 2016 | Market Data
WESLEY CHAPEL — There are 40,000 movie screens in the United States, including 51 in Pasco County. Get ready for a few more.
Source: web.tampabay.com
The developers of the Shops at Wiregrass mall are planning a 1,035-seat cinema as the cornerstone of a residential and commercial development immediately east of the mall, on the north side of State Road 56.
The still-unnamed project also would include 250 upscale apartments, as many as four restaurants and nearly 60,000 square feet of stores, including a 30,000-square-foot specialty grocery, according to the preliminary site plans filed with Pasco County.
Developer Forest City Enterprises is in advanced negotiations with a theater operator, said Abbas Hasan, the company’s manager of planning and development.
by admin | Jan 30, 2016 | Market Data
Prices will start at $325,000.
Source: www.bizjournals.com
Icon Residential recently closed on a 5 acre site in the Westshore Business District for $5 million and is planning 93 townhouses in a development named West Village. The unit sizes will range from 1,700 to 3,000 square feet, priced between $325,000 and the mid-$500,000’s.
