Rays, C1 Bank, USF executives named to Leadership St. Pete Class of 2015

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By Pam Huff Leadership St. Pete, a division of the St. Petersburg Area Chamber of Commerce, has named 40 local executives to the class of 2015.

The program is a six-month experience designed to promote and enhance community leadership, according to a statement from the Chamber. Participants get an in-depth introduction to social, economic, business and political issues in the St. Petersburg area.

“Our excitement builds for what the new class members will encounter and how they will shape the program,” said… Read More

Source:: TBBJ Real Estate

Developer closes on Seminole Heights warehouse slated to be converted to apartments

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By Ashley Gurbal Kritzer The Tampa developer planning to convert an old warehouse in Seminole Heights into apartments has closed on the property.

Wesley Burdette paid $920,000 for the warehouse at 4513 Florida Ave., next door to Nico’s Fine Foods, in a deal that was finalized Wednesday afternoon. Click here to see inside the warehouse.

Burdette is planning to develop 46 loft-style apartments on the property, ranging in size from 475 to 1,224 square feet, a project slated to cost $5.5 million to $6 million.

He said he…

Source:: TBBJ Real Estate

Big new apartment development moving forward in Ybor City

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By Ashley Gurbal Kritzer A large new apartment development is moving forward in Ybor City.

Framework Group LLC has filed documents with the city seeking the Barrio Latino Commission’s approval for 234 apartments at 1512 E 12th Ave. in Ybor City, on a city-owned parcel just south of Interstate 4.

The property is about two blocks east of Ybor’s Hillsborough Community College campus. Renderings of the apartments show a four-story complex.

The City Council has already signed off on the sale of that land to Framework.

Tampa…

Source:: TBBJ Real Estate

How a 1950s radio show changed how I think about my life

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By John Nemo A man’s voice reached out to me, his words feeling like they were being spoken for the first time, despite the fact that they were recorded more than 60 years ago.

Through the audible pops and scratches of a recording first made on a vinyl record, a man named Earl Nightingale told me the hidden reality behind why some people soar to success while others remain mired in misery.

The program was a 1950s radio show called “The Strangest Secret,” and I sat bolted to my chair, absorbed with what I was…

Source:: TBBJ Real Estate

Exclusive: First phase of Riverside Heights to break ground in early 2015

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By Ashley Gurbal Kritzer The Bourbon & Brew Festival that will brings thousands of people to Riverside Heights this weekend is a fundraiser for Chas Bruck’s family foundation, but it also serves as marketing for the riverfront location.

“It gets people used to coming to the area,” said Bruck, who owns the waterfront land with his partner at SoHo Capital, Adam Harden.

Soon there will be a year-round reason to visit the area: The developers are planning to begin construction on the first phase of the Heights, a 317-unit…

Source:: TBBJ Real Estate

Tampa to complete online permitting platform in January

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By Eric Snider After permitting a record $2 billion in development last year, the city of Tampa is moving the process fully online.

On Jan. 13, the city will finalize the launch of Accela software, allowing users to complete zoning and permitting applications, as well as check on those applications 24/7, without having to visit the Development Services Center.

Restaurateur Michael Stewart, owner of 717 South and the recently opened Ava in SoHo, is pleased with the streamlining. “It’ll be nice not to have to physically…

Source:: TBBJ Real Estate

Flurry of office tower sales signifies downtown Tampa’s ‘time has come’

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By Ashley Gurbal Kritzer It’s been a banner year for downtown Tampa’s office market.

Three towers have sold — Fifth Third Center sold for $47 million, Tampa City Center fetched $128 million and at the end of November, the Wells Fargo Center traded for $78 million.

Driving those deals is a multifaceted dynamic, investment brokers say. Higher prices and lower returns in bigger cities have created more investor in interest in secondary markets like Tampa, where investors still see potential for upside.

But investors have… Read More

Source:: TBBJ Real Estate

2013 personal income grows throughout Tampa Bay

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By Margie Manning County; 2013 personal income; Percent change from 2012

Hernando; $31,422; 1.5 percent

Hillsborough; $40,680; 1.2 percent

Manatee; $42,104; 0.6 percent

Pasco; $32,975; 2.0 percent

Pinellas; $45,574; 1.2 percent

Polk; $34,393; 2.2 percent

Sarasota; $56,661; 0.7 percent

Source: U.S. Bureau of Economic Analysis Read More

Source:: TBBJ Real Estate

Spec mansions: The house always wins

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By Ashley Gurbal Kritzer Tampa developer Vincent Cassidy is leading a group that continues to bet on the waterfront luxury home market. The group’s fifth speculative mansion will break ground at 4922 St. Croix Drive in Culbreath Isles.

The Culbreath Isles homes will likely be brought to market around the same time as another of the group’s homes, in the works on Davis Island. The homes will be complete between late 2015 and early 2016. But the properties shouldn’t compete, Cassidy said — a buyer interested in one neighborhood… Read More

Source:: TBBJ Real Estate

Exclusive: Speculative waterfront mansion to rise on Tampa’s Westshore

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By Ashley Gurbal Kritzer A new waterfront mansion will rise speculatively in Culbreath Isles on Tampa’s Westshore.

Vincent Cassidy, who has carved out a niche in developing new waterfront luxury homes in Tampa, has closed on 4922 St. Croix Drive for $1.85 million, where he plans to begin construction on a new six-bedroom, 7,000-square-foot home without a buyer in place.

The finished home could be priced at more than $5 million, depending on the market.

The Culbreath Isles deal will be Cassidy’s fifth speculative waterfront… Read More

Source:: TBBJ Real Estate