The groundbreaking of 815 Water Street was a symbolic but significant one for Strategic Property Partners — and CEO James Nozar is already looking at what's ahead.Original Article
A San Diego firm has picked up a Tampa apartment property for more than $65 million. ConAm 2017 Multifamily Opportunity Fund paid $65.75 for Audubon Village, a 477-unit apartment development at 5830 Memorial Highway in the Rocky Point area. The purchase price breaks down to $137,840 per unit. The seller, Atlanta-based Cortland Partners, paid $41.9 million for the property in 2013, according to Hillsborough County property records. Audubon Village, built in 1989, one was of the first properties…Original Article
There is so much demand for condominiums in Riverwalk Place that its developers say they are scratching long-standing plans to combine office and residential space in one tower and will build only condos above retail and restaurant space. It is a major departure from the original plans for the tower, which was proposed as a pioneering project for Tampa's urban core — stacking residential units on top of office space and parking. One of the development partners in the project, Feldman Equities…Original Article
The first residential building in Water Street Tampa — two towers of residential units perched atop street-level retail — will celebrate its groundbreaking this week. 815 Water Street, which sits adjacent to the Tampa Bay History Center near the entrance to the Tampa Riverwalk, will include a 21-story and a 26-story tower totaling 420 rental units, developer Strategic Property Partners said Monday. SPP, controlled by Tampa Bay Lightning owner Jeff Vinik and Cascade Investment LLC, will officially…Original Article
Silvestre Dangond, one of the most popular singers in Colombia, has listed his South Florida home for sale, and acquired a lot in the same area for a larger mansion. Marianna Dubinsky of Engel & Völkers Miami Coral Gables represents Dangond in both deals. He paid $1.22 million to Francisco A. Mendez for the 38,006-square-foot lot at 5750 S.W. 91st St. He plans to build a 10,000-square-foot mansion, including a recording studio, there. He hired Pioneer Group to design the home, which will have…Original Article
Over $22 billion was spent on Florida homes by foreign buyers.Original Article
With inventory tight, home prices high and interest rates rising, many homeowners are giving up on the idea of trading up from the first home they bought.Original Article
The owners of a 23-story apartment tower in downtown Tampa say several residents have canceled leases and others have refused to renew because of "earsplitting, reverberating noise" from Franklin Manor. Carter, the Atlanta-based developer that built and owns Nine15, has filed a lawsuit seeking both an injunction and damages from the ownership of Franklin Manor, a restaurant and nightclub across North Franklin Street from the tower. "As a result of Franklin Manor's excessive noise, it is more difficult…Original Article
Housing prices in Tampa are on the rise, and a new report from Metrostudy shows that affordable housing is becoming increasingly more difficult to attain. According to the report quarterly new home starts are up 5.3 percent year-over-year. Annual starts are up 6.8 percent, while new home activity is continuing to shift to higher price points as starts under $250,000 are down 8.9 percent from 3Q17 levels. An obvious sign of a slowing market is contraction starting in the upper end, and while…Original Article
As a traditionally car-dependent, sprawling metro, affordable urban housing and rethinking parking minimum requirements aren't issues Tampa has had to confront — until now.Original Article