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.
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.