3 reasons Ybor City, Seminole Heights will begin to blossom in 2015

By Ashley Gurbal Kritzer Deals in downtown Tampa made for some splashy headlines in 2014, but this year, expect to also see some action just outside the urban core.

Ybor City and Seminole Heights are both well-positioned to see revitalization movements of their own, and there’s a good chance we’ll look back at 2015 as the year that process began.

Here’s why:

It’s already under way. Smaller projects are already in the works in both Ybor and Seminole Heights. Developers are in the planning stages to convert old warehouses… Read More

Source:: TBBJ Real Estate

5 stories I’ll be watching closely in 2015

By Alexis Muellner St. Petersburg Pier

I was amazed when voters rejected the Lens after hundreds of hours of public input. Now that we have a spate of new designs and a new process, we’ll be watching closely by early April when the city council is slated to approve the final ranking, and then in mid-May when a final contract is expected.

Tampa Waterfront 2020

I’ve noticed the electronic billboards on Interstate 275 and seen promos during Tampa Bay Lightning games touting “America’s first crowdsourced development,”… Read More

Source:: TBBJ Real Estate

Top women in business share their New Year’s resolutions for 2015

By Mary Johnson Yeah, we know: Resolutions are great in theory but seldom pan out the way we’d planned. We resolve to wake up early, exercise more, spend more time with family and forgo our favorite sinful foods in favor of healthier options. Kale, anyone?

But we can’t help but make them — because every year offers the opportunity to start fresh, to chart a new course, to do what you wanted to but didn’t the year before. So we asked some of the business leaders we’ve spoken with in 2014 what they are hoping to… Read More

Source:: TBBJ Real Estate

Sexual assault victim sues apartment complex over lax security

A victim of a sexual assault in an apartment complex near the University of South Florida is suing the apartment’s owners for providing inadequate security.

The woman was a 19-year-old freshman at USF in September 2013 when Charlie Bates terrorized the apartment complex and surrounding area committing four acts of sexual battery against women and tying up four men, the Tampa Tribune said. Bates also took a woman hostage and stole her car before leading police on a high-speed chase where he was shot… Read More

Source:: TBBJ Real Estate

Tampa ‘West River’ redevelopment kicks off with relocation notices

By Salem Solomon Residents of North Boulevard Homes, a public housing complex in Tampa, have received notices alerting them to expect to move as early as next year.

The complex will be torn down to make way for a redevelopment project that the Tampa Housing Authority calls the creation of the “West River” area, the Tampa Bay Times said.

North Boulevard Homes was built in 1941. Along with the Mary Bethune High Rise Apartments that stand adjacent, it includes about 820 apartments housing about 2,000 people, the Times… Read More

Source:: TBBJ Real Estate

6 deals that were transformational for downtown Tampa in 2014

By Ashley Gurbal Kritzer It was a defining year for downtown Tampa and the neighborhoods that ring the urban core.

Tampa’s city center is seeing the very beginnings of urban vibrancy, and the real estate deals that transpired this year set an exciting stage for 2015.

Here are the deals that have the biggest potential for lasting impact:

Jeff Vinik’s billion-dollar vision: This should go without saying, but this list would be remiss not to include Vinik’s billion-dollar development plan that will build nearly 3 million… Read More

Source:: TBBJ Real Estate

TBBJ’s most popular stories of 2014

By Jo-Lynn Brown Jeff Vinik, Bubba the Love Sponge, and Publix are some of the subjects included in the top 20 most read stories on the Tampa Bay Business Journal site in 2014.

Here, in ranking order, are the 20 most popular stories of 2014:

1. Jeff Vinik’s plans for downtown Tampa

2. It Works! takes a page from Google’s playbook with new HQ fit for millennials

3. Bubba the Love Sponge out at The Bone

4. Publix: No comment on Whole Foods rumors

5. Bucs slowly revealing team’s new look: today, uniform photos

6.… Read More

Source:: TBBJ Real Estate

Federal prosecutors close another chapter on troubled condo project The Arbors

By Margie Manning A Miami attorney is at least the fourth person to plead guilty to charges stemming from a troubled real estate project in Carrollwood.

Rashmi Airan-Pace pleaded guilty to conspiracy to commit wire, mail and bank fraud in connection with the purchase of The Arbors, according to a statement from the U.S. Attorney for the Middle District of Florida.

The Arbors was an apartment complex at 3939 Ehrlich Road in Tampa that co-conspirators planned to buy and convert to condo units, financing their plan… Read More

Source:: TBBJ Real Estate

Raymond James, JPMorgan Chase help fund affordable apartments in Largo

By Margie Manning Housing Trust Group has closed on the financing of Whispering Palms Apartments, a $12.4 million, 63-unit affordable housing community in Largo.

Money to build the project came, in part, from the Raymond James Tax Credit Fund, equity raised from the purchase of Florida Housing Finance Corp. low-income housing tax credits, a press release said. JPMorgan Chase and First Housing Development Corp. provided construction and permanent debt, and the Pinellas County HOME Investment Partnership also provided… Read More

Source:: TBBJ Real Estate

5 things to know about Vinik’s billion-dollar vision (Video)

By Ashley Gurbal Kritzer It’s a lot to take in: Nearly 3 million square feet of new commercial development, totaling more than $1 billion in development costs, in downtown Tampa over the next five to seven years.

Tampa Bay Lightning owner Jeff Vinik unveiled his vision for the land he’s acquired in downtown Tampa on Wednesday. He controls about 40 acres — 30 owned and 10 leased, about 25 of which are part of the development at this point — around Amalie Arena, under his holding company Strategic Property Partners.

Here’s… Read More

Source:: TBBJ Real Estate