TAMPA — The City Council voted Thursday to sell a vacant block next to City Hall to a New Orleans developer for $7.5 million — the most paid for a downtown block in recent memory.
Source: www.tampabay.com
The city of Tampa has decided to sell a vacant block in downtown Tampa for $7.5 million to HRI Properties. HRI plans to build a 21-story apartment tower with a 223-room Hyatt Centric Hotel, 225 apartments and a 408-car garage on the block, which is at the southeast corner of E Kennedy Boulevard and N Florida Avenue. Seven thousand square feet of retail space at street level will include a restaurant and a Starbucks.
The project will be the first of its kind for the Tampa area and HRI paid well over market value for the site.