The Tampa developer who’s about to wrap up the Warehouse Lofts is zeroing on a nearby site to help build the density Seminole Heights needs.
Source: www.bizjournals.com
More redevelopment for the up and coming Seminole Heights area with a potential mixed-use project on 0.87 acres at 5023 N. Florida Avenue.
City records indicate the long-rumored site of a downtown Publix store could be moving toward ground breaking, too.
Source: www.bizjournals.com
Downtown Tampa could finally be getting the grocery store it sorely needs.
Source: saintpetersburgtimes.fl.newsmemory.com
The multi-modal center could be a game changer for the area and the first step to connecting the airport to the Westshore Business District and the district to downtown Tampa.
In the market to flip some homes? Tampa’s a great place to be in for that.
Source: www.bizjournals.com
A new report from Realty Trac found that among 101 markets with 75+ single family/condo flips in 3Q 2015, Tampa had the fourth-highest share of home flipping, equaling about 9% of all sales.
Source: www.businessobserverfl.com
More investment coming to downtown Sarasota as office and retail is bracing for the influx of new residents for all of the apartment projects coming out of the ground over the next 24 months.
Vertica Partners and Framework Group are developing 228 units in downtown Sarasota.
Despite mortgage rates rising, cap rates stay low.
Source: www.multifamilyexecutive.com
“The market cycle on apartment growth is maturing,” according to a recent RCA report. “What had been double-digit price growth is slowing to more modest single-digit activity. In the current market, investors are now dealing with underwriting acquisitions in the face of growing competition from construction.”
There is still plenty of capital chasing deals, however, there is a growing bid-ask gap in the marketplace as sellers are trying to price to perfection. Investors are anticipating a tapering of rent growth and potential decline in vacancies along with the possibility of rising interest rates. Something will have to give and only time will tell what that will be.