52-story mixed-use tower proposed for downtown Tampa’s Trump site – Tampa Bay Business Journal

The plans call for ground-floor retail, a restaurant and bar space fronting the Tampa RiverWalk. Above that will be seven stories of parking totaling more than 600 spaces. Floors eight through 22 will be 205,000 square feet of office space, and floors 23 to 52 will be 203 residential units.
The tower totals 576,500 square feet with a footprint of 34,500 square feet. The retail component will be 10,000 square feet, opening up on to the Tampa RiverWalk and overlooking the Hillsborough River

Source: www.bizjournals.com

New proposed 52-story mixed-use tower planned for downtown Tampa.  The plans call for ground-floor retail, a restaurant and bar space fronting the Tampa RiverWalk. Above that will be seven stories of parking totaling more than 600 spaces. Floors eight through 22 will be 205,000 square feet of office space, and floors 23 to 52 will be 203 residential units.  The tower totals 576,500 square feet with a footprint of 34,500 square feet. The retail component will be 10,000 square feet, opening up on to the Tampa RiverWalk and overlooking the Hillsborough River

Tampa launches transformation of Perry Harvey Sr. Park

TAMPA — Dozens of community leaders and members, some carrying umbrellas to shield themselves from the summer sun, gathered Tuesday amid fencing, dirt piles and orange cones to launch the transformation of Perry Harvey Sr. Park.

Source: www.tampabay.com

Another park headed to downtown Tampa.  Amidst all of the new construction, the city has done a great job on adding park and green spaces to the urban landscape.

Urban Institute Predicts Rental Surge Among Millennials, Minorities, Seniors

illions of new renters and fewer new homeowners will push the percentage of households that own their own home down to 61.3 percent by 2030, according to the Urban Institute. That’s a steep fall from 63.6 percent in 2013. The homeownership rate has already fallen from 66.2 percent in 2000—before the distortions of the housing boom push the homeownership rate upwards.

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The homeownership rate will continue to fall as a clear majority of the 22 million new households in the U.S. between 2010 and 2030 move into rental housing—13 million will rent, only 9 million will buy their homes, according to the Urban Institute

Source: nreionline.com

The homeownership rate will continue to fall as a clear majority of the 22 million new households in the U.S. between 2010 and 2030 move into rental housing—13 million will rent, only 9 million will buy their homes, according to the Urban Institute.  This will push the percentage of households that own their own home down to 61.3 percent by 2030 which is a steep fall from 63.6 percent in 2013 and the 66.2 percent in 2000.


Single-Family Investors Prune Portfolios

Large investors continue to buy single-family homes, though not as many as they bought just two years ago when home prices were lower and many of these investors were building their portfolios to reach a critical mass that they could operate and finance effectively.

Source: nreionline.com

We believe this will continue to be a major theme in the institutional single family space. Just as a retail investor needs to systematically re-balance the portfolio so too does the institutional investor.   The select disposition of assets will also free up capital to redeploy in markets where acquisition opportunities remain present.