The Real Deal Miami

New York firm to build major commercial complex in Tampa

The developer, The Bromley Companies of New York City, is planning a 1.8 million-square-foot project called Midtown Tampa
April 01, 2018 01:00PM

Midtown Tampa rendering (Credit: Tampa Bay Times)

The Bromley Companies, a New York City-based real estate firm, announced an office-heavy, mixed-use development that would rank among the largest real estate projects in the Tampa area.

Bromley released a rendering of Midtown Tampa, a 1.8 million-square-foot development designed as a multi-purpose link between downtown Tampa and the Westshore area of the city.

Bromley’s rendering depicted mid-rise buildings around a plaza with a fountain and pond. Midtown Tampa’s components would include 400 residences and a hotel with 225 rooms, plus 240,000 square feet of retail and entertainment space and 750,000 square feet of offices.

The New York City-based property development and investment firm expects to benefit from the site’s proximity to Tampa’s popular Westshore neighborhood. In recent years, developers have built hundreds of apartments and condos units in Westshore, long populated mainly by office buildings and malls, but increasingly residential.

Founded in 1972, Bromley has owned the 22-acre development site, at the southeast corner of Dale Mabry Highway and Interstate 275, since the early 1990s. Only one structure occupies the site, an office building owned and operated by Bromley.

An estimated daily number of vehicles that pass the Midtown Tampa site is a quarter million.

Hillsborough County had proposed the site for a new ballpark for the Tampa Bay Rays before the Major League Baseball team selected a site in nearby St. Petersburg instead. [Tampa Bay Times] – Mike Seemuth