The Real Deal Miami

Bayfront land in Tampa marketed for redevelopment

Brokerage firm Avison Young is seeking a buyer for the 30.9-acre industrial property
May 14, 2017 02:00PM

The Rattlesnake Point peninsula in Tampa

Brokerage firm Avison Young is marketing for redevelopment a 30.9-acre site in Tampa with industrial facilities and more than a mile of waterfront on Tampa Bay.

Avison Young offices in Tampa and Miami are collaborating to market the two-parcel property with 137,705 square feet of industrial facilities.

They are seeking an investor with the vision of creating a landmark development in South Tampa that intertwines residential, retail, restaurants and a walkable waterfront esplanade,” Trey Carswell, principal of Avison Young in Tampa, said in a prepared statement.

“As peak land and construction prices in markets such as South Florida limit profitability on many mixed-use projects, Tampa has untapped opportunities such as this portfolio that offer waterfront locations at price points that make redevelopment profitable,” said Michael T. Fay, principal and co-managing director of Avison Young’s Miami operations.

The 30.9-acre waterfront property is on a peninsula called Rattlesnake Point, located just south of the Gandy Bridge connecting Tampa and St. Petersburg.

To the property’s immediate east are project sites where South Florida developers plan to build. These projects include the 52-acre, master-planned Westshore Marina District, a mixed-use project proposed by Fort Lauderdale-based BTI Partners, and a 396-unit multifamily development on 8.5 acres Miami-based Related Group purchased earlier this year.