by admin | Jan 16, 2017 | Market Data
MIAMI — The 3rd District Court of Appeal recently sided with minority owners by ruling that Florida’s statute law governing the sale of condominium projects does not apply to properties that predate Florida’s 2007 amendment to its condominium statute.
Source: flarecord.com
The 3rd District Court of Appeal recently sided with minority owners by ruling that Florida’s statute law governing the sale of condominium projects does not apply to properties that pre-date Florida’s 2007 amendment to its condominium statute. So-called “Kaufman” language needs to be in place which would allow an Association’s rules to automatically update to reflect future changes to the Condo Declaration.
by admin | Jan 16, 2017 | Market Data
A Seminole Heights apartment proposal is a crucial test case.
Source: www.cltampa.com
Milhaus Development has proposed a five-floor building with 84 apartment units and 7,300 square feet of restaurant/retail in Seminole Heights. The site is on the corner of N. Florida Avenue at Idlewild and would replace a run down used car lot. As with any change, there are locals who are opposed to the project in its current incarnation. The biggest complaint has to do with the five story height, however, if the developer is forced to remove a floor, then it is likely the ground floor retail will be nixed from the project making it exclusively residential. Losing ground floor retail in the district could start to erode the charm of the area according to some residents.
by admin | Jan 1, 2017 | Market Data
Publix Super Market at Shoppes of Lithia
Source: www.bizjournals.com
BayCare Health recently purchased nearly 18 acres of land for $2.7 million across the street from Publix Super Market at Shoppes of Lithia in the Brandon area of Valrico, Florida.
by admin | Jan 1, 2017 | Market Data
TAMPA — Built in what could become one of Tampa Bay’s most dynamic neighborhoods, the Slade At Channelside condominiums boast an eclectic mix of unit owners.
Source: www.tampabay.com
The Slade at Channelside bulk owner is in the process of purchasing individually owned units in order to terminate the condo association and revert the building to 100% rentals. The state of Florida has specific legal requirements allowing this and the Condo Declaration, which each unit purchaser signed, acknowledged and agreed to when they purchased their unit also has language regarding condo terminations.
by admin | Jan 1, 2017 | Market Data
TAMPA — Built in what could become one of Tampa Bay’s most dynamic neighborhoods, the Slade At Channelside condominiums boast an eclectic mix of unit owners. There’s Brandon McArthur, a basebal
Source: www.tbo.com
The Slade at Channelside bulk owner is in the process of purchasing individually owned units in order to terminate the condo association and revert the building to 100% rentals. The state of Florida has specific legal requirements allowing this and the Condo Declaration, which each unit purchaser signed, acknowledged and agreed to when they purchased their unit also has language regarding condo terminations.
by admin | Dec 25, 2016 | Market Data
A Tampa developer has revealed plans for a prime corner of the urban core.
Source: www.bizjournals.com
Tampa based Liberty Group has proposed a 9-story hotel on the 0.95 acre site located at the corner of Meridian Avenue and Kennedy Boulevard it purchased in May 2016. Vertica Partners was the sole broker in the transaction.
The site plan shows a 213-room Hampton Inn & Home 2 Suites by Hilton with 198 parking spaces. The ground floor of the hotel, at 14,899 square feet, will include a Starbucks coffee shop and lounge seating.
