by admin | Jan 11, 2016 | Market Data
Strategic Property Partners is moving forward with first major work on its $2 billion district in downtown Tampa.
Source: www.bizjournals.com
Strategic Property Partners (SPP) is starting infrastructure work on their $2 billion development in downtown Tampa by issuing an Invitation to Bid for the infrastructure and roadway improvements for the district.
The improvements are estimated to costs $35 million and will be done in phases.
SPP is controlled by Tampa Bay Lightning owner Jeff Vinik and back by Bill Gates’ Cascade Investment LLC. Vertica Partners exclusively represented SPP in the acquisition of the land for the project over the course of several years.
by admin | Jan 6, 2016 | Market Data
Plan for development at Sarasota’s former Quay waterfront site is gelling, and site work is expected in 2016.
Source: www.businessobserverfl.com
A long dormant tract of line is finally getting a new life. The former Quay project was purchased by a new firm who plans to start horizontal construction in 2016.
As $50 million in infrastructure that would be required before vertical construction could begin on the 15 acre site just outside of downtown Sarasota. Entitlements already in place would allow for as many as 700 residences, a 175-room hotel and nearly 230,000 square feet of retail and office space
by admin | Jan 6, 2016 | Market Data
Prices increased at a rate more than double the national average.
Source: www.businessobserverfl.com
Home prices in the North Port-Sarasota-Manatee region, including distressed sales, increased by 12.8% in November 2015 when compared to November 2014, according to real estate data provider CoreLogic. That more than doubles the nationwide increase of 6.3% year-over-year.
As a whole, Florida home prices appreciated 7.9% during the same time frame.
by admin | Jan 6, 2016 | Market Data
TAMPA — The Florida Department of Transportation has closed on a Westshore Business District site that could become a regional transportation hub linking buses, an airport people-mover and pot
Source: www.tbo.com
A critical component of the region’s transportation needs have been addressed with the recent purchase of two sites in the Westshore Business District. FDOT has closed on the future site of a mulit-modal center that is expected to connect to Tampa International Airport and downtown Tampa with future plans to expand service.
by admin | Jan 6, 2016 | Market Data
WalletHub analysts compared the 100 most populated U.S. cities across 24 key metrics.
Source: www.bizjournals.com
To identify the cities that encourage balancing a healthy diet with ample physical activity,WalletHub compared the 100 most populated U.S. cities across 24 key metrics, ranging from the average monthly fitness club fee and the number of swimming pools per capita to the number of parkland acres per capita and Tampa came in at No. 3 on the list.
This underscores the lifestyle advantage the Tampa region offers which is often cited as one of the major contributing factors for people migrating to the area.
