Why mid-size cities struggle to catch up to superstar cities
For decades, smaller metropolitan areas closed the income gap with bigger, richer ones, but no longer. So places like Winston-Salem, N.C., are trying to lay a new foundation for prosperity.
Water Street Tampa developer switches general contractors for two apartment towers in first phase
Two construction companies that were originally awarded buildings in Water Street's first phase are now building the apartment towers.
Tampa Bay’s mortgage delinquency rate has dropped
More Tampa Bay homeowners are keeping up with their mortgages. According to a loan performance insights report from CoreLogic, this past April, the mortgage delinquency rate in the Tampa-St. Petersburg-Clearwater metropolitan area, 3.9 percent, was 2.4 percentage points lower than it was in April 2018, when it was 6.3 percent. The serious delinquency rate decreased, too. This rate — which measures payments that are 90 days or more past due, including loans in foreclosure — also decreased by…
Outback Steakhouse founder swaps mansions with hedge fund boss
J. Timothy Gannon, the co-founder of Outback Steakhouse and Tampa-based Bloomin’ Brands, has exchanged Palm Beach mansions and millions of dollars with hedge fund executive Laurence M. Austin and wife Molly M. Austin. Gannon sold his 7,005-square-foot beachfront mansion at 1300 N. Ocean Blvd. for $12.23 million to the Austins. On the same day, the Austins sold their 5,802-square-foot home at 235 Nightingale Trail to Gannon for $5.76 million. The listing agent for the home at 1300 N. Ocean Blvd.…
Cities and builders face ‘hornet’s nest’ to meet affordable housing needs
Using government subsidies, tax credits and zoning changes, city leaders are encouraging builders to incorporate affordable housing into mixed-use projects.
Massive mixed-use development, including 600 apartments, planned for 55 vacant acres in Brandon
A developer is targeting one of the largest remaining vacant parcels in the Tampa suburb.
Three-story townhouses with rooftop terraces break ground in St. Petersburg’s historic Kenwood (Rendering)
Contemporary townhouses are coming to one of St. Petersburg's most historic neighborhoods.
Developers of 53-story mixed-use Riverwalk Place to begin external demolition of CapTrust building in downtown Tampa
The developers of the 53-story Riverwalk Place will begin external demolition of the CapTrust building, a process expected to take more than a month and affect traffic patterns in downtown Tampa. The developers — a partnership of Tampa's Feldman Equities and West Palm Beach-based Two Roads Development — said on July 2 that they will begin external demolition on July 8. Internal demolition of the building has been under way since at least early May. On July 5, the developers said via a spokesman…