Entries by DomresRealEstate

From struggling mall to waterfront destination

There’s a palpable change at Channelside Bay Plaza since Tampa Bay Lightning took over, the general manager of the Hooters restaurant there said. “The vibe is coming back down there,” said Rob Fisher. “The important thing is the vibe is not only there on game days, but on off days when there isn’t anything going […]

Even if you’ve owned a home for years, you should care about Tampa Bay’s apartment boom

A new study shows just how much Tampa Bay’s apartment boom has meant to the region’s economy — and the total impact goes beyond construction dollars and tax revenue. In 2013, the most recent data available, apartment construction, operations and resident spending contributed $7.2 billion locally and supported more than 73,900 jobs in the Bay […]

Distance between jobs and homes growing in most metro areas

Jobs are getting farther away from where people live, according to a new analysis of demographic and employment data by the Brookings Institution. The number of jobs within the typical commute distance for residents of the nation’s 96 largest metro areas fell by 7 percent between 2000 and 2012, Brookings found. That’s not true for […]

New homes sell at highest pace in seven years

When the groundhog came out of his hole this year, he must have decided to buy a new home — sales of new single-family houses jumped to their highest level in seven years in February New home sales hit a seasonally adjusted annual rate of 539,000 in February, according to the Census Bureau. That’s up […]

23-story tower on downtown Tampa’s Grant block to break ground this summer (renderings)

The 23-story tower Atlanta-based Carter USA proposed last fall in downtown Tampa is moving forward, with plans to start construction in the summer. Conor McNally, Carter chief development officer, said Friday that the group is “highly confident” in its plans, which include 360 apartments and 10,000 square feet of retail space. The site is referred […]

‘Seven figures’ into Vinik’s reinvention of Channelside Bay Plaza, a new sense of energy and an increase in sales

Tampa Bay Lightning Owner Jeff Vinik is “seven figures” into cosmetic upgrades of Channelside Bay Plaza — and within months of finalizing a long-term plan for the beleaguered waterfront mall. Vinik won the ground lease to the property on Aug. 19 and tapped commercial real estate firm Franklin Street and Tampa developer Anthony Everett to […]

Dawn of a new city in downtown Tampa

Downtown Tampa isn’t a thriving 24/7 neighborhood yet — but the numbers are trending that way. Vacancies are down across every sector of commercial real estate in the city center, and prices are creeping up to the point that could justify new construction. Residential development, urban renewal experts say, is the foundation of a thriving […]