Multifamily market ‘hotter than ever’

In mid-December — typically a time dominated by end-of-year closings and little else — two major development projects moved forward.

David A. Mack Properties LLC proposed a mixed-use, 35-story tower in the heart of downtown St. Petersburg. In downtown Tampa, Atlanta-based Carter began demolition on a strip of old buildings on North Franklin Street, making way for a 23-story apartment tower.

“It’s showing things are still alive and still hotter than ever,” said Mark Eilers, director of… …read more