Bayfront land in Tampa marketed for redevelopment

Miami /
May.May 14, 2017 02:00 PM

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.


Related Articles

arrow_forward_ios
Rendering of 830 Brickell office tower; Cushman & Wakefield's Brian Gale, JLL's Manny De Zárraga, Avison Young's Donna Abood, Dwntwn Realty Advisors' Tony Arellano and Stephen Rutchik. (Credit: OKO Group and Cain International, JLL, CW, Dwntwn Realty Advisors, Cushman & Wakefield, Avison Young, Getty, 830 Brickell)
Meet the commercial brokers making bank in Miami
Meet the commercial brokers making bank in Miami
Hollywood Locations' Christopher Ursitti and 1400 Northwest 31st Avenue (Hollywood Locations, Google Maps)
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Movie studio complex may rise on former incinerator site in Fort Lauderdale
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
Jackie Soffer with 2750 Northeast 199th Street (Google Maps, Turnberry.com)
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
Marisela Cotilla, Rachelle Hirt-Beres and Scott Gerow (Compass)
Movers & Shakers: Boca Raton team joins Compass
Movers & Shakers: Boca Raton team joins Compass
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
New York, Miami, Chicago, Los Angeles, San Francisco and Chicago (iStock)
As rent explodes nationally, Miami tops the charts
As rent explodes nationally, Miami tops the charts
Alta Developers’ Raimundo Onetto in front of the development site (Google Maps)
Heading south: Alta buys dev site for apartment complex near Homestead
Heading south: Alta buys dev site for apartment complex near Homestead
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...