by admin | Aug 14, 2015 | Market Data
When you the Rosemary District comes to mind, many may think of the homeless — but developers are apparently seeing dollar signs.
Source: www.mysuncoast.com
The Rosemary District is the hottest area south of Tampa Bay for new multifamily development. A partnership between Vertica Partners, Framework Group and Forge Capital recently closed on a 3 acre site to develop 228 units at Fruitville Road and Lemon Street which will completely transform the area.
by admin | Aug 13, 2015 | Market Data
The expanse of pavement that lines Channelside Drive could some day be home to a glitzy mix of residential towers and retail and commercial space — a total of 9 million square feet of space and $1.5 billion in development costs.
Port Tampa Bay on Thursday unveiled a “vision plan” for its Channel district real estate that would redevelop 45 acres of port-owned land along Channelside Drive and the Ybor Channel, north of the Florida Aquarium. It will be divided into four districts: the cruise district, the central waterfront, marina district and park district.
Source: www.bizjournals.com
Port Tampa Bay unveiled a “vision plan” for its Channel district real estate that would redevelop 45 acres of port-owned land along Channelside Drive and the Ybor Channel, north of the Florida Aquarium. It will be divided into four districts: the cruise district, the central waterfront, marina district and park district. The project would consist of a mix of residential towers and retail and commercial space — a total of 9 million square feet of space and $1.5 billion in development costs.
This puts the Channel District and surrounding area at nearly $3 billion worth of development projects on the books making it one the most dynamic districts in the United States.
by admin | Aug 13, 2015 | Market Data
Florida still leads the nation in completed foreclosures and ranks third for the percentage of distressed properties.
Lenders closed on 101,938 foreclosures in Florida during the 12-month period ended in June, accounting for nearly one-fifth of all the foreclosures nationwide, data provider CoreLogic reported Tuesday.
Source: www.heraldtribune.com
Florida still leads the nation in completed foreclosures and ranks third for the percentage of distressed properties. Lenders closed on 101,938 foreclosures in Florida during the 12-month period ended in June, accounting for nearly one-fifth of all the foreclosures nationwide, data provider CoreLogic reported Tuesday.
by admin | Aug 13, 2015 | Market Data
Private equity fund managers are taking advantage of high property valuations to close out funds and distribute record amounts of cash back to investors.
Source: nreionline.com
As private equity exits hit record highs, is it time to pull money off the table for real estate investors that got in early?
by admin | Aug 13, 2015 | Market Data
A Tampa-based developer closed on the purchase of the future site of a large-scale residential project in the Rosemary District.
Source: www.yourobserver.com
Vertica Partners has partnered with Framework Group and Forge Capital Partners to develop 228 luxury apartments in the Rosemary District of downtown Sarasota.
