Is Tampa Bay’s apartment market headed for peak?

Tampa developer Anthony Everett and his partners have walked away from several marquee apartment sites in recent months because the deals just didn’t make financial sense.

The group pulled back from the Tampa Tribune’s site in downtown Tampa, Newport in Westshore and several deals in Orlando.

“Land costs and construction costs have gotten to the point where they’re almost choking out new development because deals don’t pencil out very well any more,” said Everett, the Central Florida… …read more

Tampa Bay Lightning defenseman sells off Davis Islands mansion

Tampa Bay Lightning defenseman Mattias Ohlund has sold off a waterfront home on Davis Islands for $3.35 million, according to a Hillsborough County deed filed Wednesday.

The buyers were Jerry and Gloria Rose. The sale closed May 28, according to the deed.

Ohlund and his wife, Linda, paid $2.95 million for the home on Ladoga Avenue in 2009. A Lightning spokesman said Thursday that an injury had prevented Ohlund from playing for some time and that he recently moved back to his native Sweden.

Property… …read more

Urban Style Flats, former public housing redeveloped into millennial-geared apartments in St. Pete, is for sale

A former public housing complex that was renovated into apartments geared toward millennials is on the market.

Urban Style Flats, which is near Tropicana Field at 300 10th St. S in St. Petersburg, is being marketed for sale by executive director Byron Moger and director Joe Beaudoin of Cushman & Wakefield of Florida Inc. in Tampa.

The 481-unit apartment complex was built as public housing in the 1970s. In 2010, developer Phil Farley paid $6.8 million for the properties— then known as Graham Park… …read more

Vinik-backed mixed-use development breaks ground in South Tampa (Rendering)

The former Xtreme Athletix site in South Tampa is giving way to a mixed-use development that will bring new retail, residential and office space to the neighborhood.

Demolition on the Xtreme Athletix building, at the intersection of South Howard and West Morrison avenues, started last week. Vertical construction will begin soon on a mixed-use development to include 13,890 square feet of retail, 6,950 square feet of office space and 46 residential units, said Andrew Wright, CEO of Franklin Street.

The… …read more

Channel district development on TECO site: Big potential, big challenges

The massive mixed-use development proposed between the Channel district and Ybor City has enormous potential to transform the entire urban core.

If the development comes to fruition as proposed by Phillips Development & Realty, it would bring thousands of residents and a grocery store to what’s currently a desolate industrial site. It’s adjacent to the most viable potential site for a Major League Baseball stadium in Tampa, the Tampa Park Plaza affordable housing development.

If both a stadium… …read more

29-story towers, grocery, retail in the works for TECO site near Channel district

Phillips Development & Realty is planning a massive mixed-use development named Gas Worx on the TECO Peoples Gas site between Ybor City and the Channel district.

The developer has filed additional plans with the city that show two 29-story residential towers with a total 1,432 units. A third proposed building on the 7.64-acre site would be 53,000 square feet — 40,301 for a grocery store and 13,360 square feet of additional retail space.

The majority of the units, 774, have one bedroom. There… …read more

Condos or apartments? Here’s what will determine the future of one Channel district tower

The sale of more than 200 residences in The Slade will be a bellwether of downtown Tampa’s residential real estate market.

HFF LP is marketing 214 of The Slade’s 294 units for sale for Miami Beach-based Crescent Heights, which bought the units out of foreclosure nearly four years ago.

The Slade — which is at the intersection of North Meridian Avenue and East Washington Street — is a fractured condominium because the majority of the building’s units are operated as apartments, owned by Crescent… …read more

Boston Calling, Tampa Bay should answer

I apologize, dear Tampa Bay, for not staying local my first Memorial Day weekend as a Tampa resident. I didn’t enter your stores. I didn’t dine in your restaurants. My money went to Boston.

Granted, this weekend you did not have the Boston Calling music festival. Beck, St. Vincent and Run the Jewels played. Could you blame me?

I did think of you during seamless (albeit screechy) public transit rides, spending money in different neighborhoods. The sidewalks cracked with age, but enough of them… …read more

Pending home sales hit highest level since 2006

Pending home sales hit their highest level in nine years in April, a sign that last month’s sales decline for existing homes may be only temporary.

The National Association of Realtors’ Pending Home Sales Index, which is based on contract signings, jumped to 112.4 in April, rising for the fourth consecutive month. That’s its highest level since May 2006. All four regions of the country saw more contract signings in April, led by the Northeast and Midwest.

“Realtors are saying foot traffic… …read more

First Watch acquires Colorado-based breakfast chain

First Watch is still hungry.

The Bradenton-based breakfast/lunch/brunch chain has acquired The Egg & I chain of 114 units, which also specialize in breakfast.

Terms were not disclosed.

The Egg & I, founded in Colorado in 1987, is the latest in a buying spree by First Watch. In 2014, the chain, majority-owned by the private equity firm Freeman Spogli, acquired 20 restaurants in Arizona called The Good Egg, as well as two Bread and Company units in Nashville, Tennessee.

The haul brings First Watch’s… …read more