Entries by DomresRealEstate

See how rents have shifted in Tampa year-over-year

December 9, 2022 in /by

An analysis of rent data collected by Zillow shows the months with the largest percentage increase in median monthly rent price over the past year, with the beginning of the year seeing the highest spikes. The rent increase has caused the average worker in Tampa Bay to work an additional 20 hours to pay rent compared to five years ago. In June, real estate data company Clever released a study showing rent is increasing four times faster than income in America. This has put pressure on civic and…

22-story mixed-use tower in St. Pete gets key approval

December 9, 2022 in /by

A 22-story tower that will bring a mix of residential and commercial space to St. Pete has cleared a significant hurdle following unanimous approval from city council. The council, meeting as the Community Redevelopment Agency, on Thursday unanimously found the planned $72 million development to be consistent with the Intown Redevelopment Plan. The tower is planned for 511, 533, 543 and 551 Third Ave. S. Plans show the development will have 335 dwelling units, 11,560 square feet of commercial…

Stamkos sells waterfront Davis Islands lot for $8 million

December 7, 2022 in /by

Tampa Bay Lightning captain Steven Stamkos has sold off a waterfront lot on Davis Islands for $8 million in an off-market transaction. Stamkos and his wife, Sandra, paid $5.4 million for 210 Blanca Ave. in December 2021. There was a 1960s-built home on the property that has since been demolished. Ally Russell of Keller Williams Tampa Central represented the buyer in the transaction. “Davis Islands continues to be one of the strongest markets to invest in Tampa Bay,” Russell said. “These record-breaking…

Habitat for Humanity to break ground on St. Pete townhomes

November 30, 2022 in /by

Habitat for Humanity of Pinellas and West Pasco Counties is breaking ground on a 10-unit townhome development in South St. Petersburg. In partnership with Exact-Shell Dash LLC and the city of St. Petersburg, the organization will bring the townhomes to the 16th Street Business Corridor, bordering the Campbell Park Neighborhood. Mike Sutton, president and CEO of Habitat for Humanity of Pinellas and West Pasco Counties, said Habitat’s primary focus is to “serve families through affordable homeownership…

New York developer moves forward with apartments near downtown’s Floridan hotel

November 29, 2022 in /by

A New York developer who bought a vacant block in downtown Tampa earlier this year is moving forward with a mixed-use project on the property. Silverstein Properties, which paid $19.75 million for the .78 acres at 505 E. Tyler St., has submitted plans to the city for a 450-unit residential building with 11,500 square feet of amenity space and 9,430 square feet of commercial space on the ground floor. The initial filing did not specify the tower's height. Kimley-Horn is the engineer on the project. Representatives…