A gated waterfront estate in Safety Harbor that hits the market Monday is an opportunity for real estate developers as well as luxury homebuyers.

The 9,365-square-foot home at 2600 Phillippe Parkway sits on roughly 10 acres, making it one of the largest parcels available on the Tampa Bay, said Jennifer Zales, an associate with Coldwell Banker Residential Real Estate who is listing the property.

“This is a huge waterfront lot right in the heart of Tampa Bay, in the beautiful town of Safety Harbor,”… …read more

There’s a notable change in the attitudes of investors and lenders toward deals in Seminole Heights, says a development pioneer in the neighborhood.

Wesley Burdette, who converted an old warehouse into loft-style apartments, struggled to find a bank willing to take on his development in 2014. After talking to at least 10 other lenders, Burdette connected with Sunshine State Bank, which financed the project.

He was the sole equity investor in that project, The Warehouse Lofts, which is now leasing… …read more

A national player in the apartment market has sold off a development site in Tampa’s Westchase area.

Houston-based Camden Property Trust (NYSE: CPT) sold nearly 6 acres adjacent to Camden Westchase Park to a buyer who plans to build a 120-bed senior living community there.

The purchase price was $2.15 million. Vertica Commercial Advisors, a subsidiary of Tampa-based Vertica Partners, represented Camden in the transaction.

The site — which Camden owned after building the 348-unit Westchase Park… …read more

Past the strip centers, drive-thrus and cookie-cutter housing developments that define suburban Tampa, a palatial multifamily compound is rising above the Carrollwood landscape.

Surya Estates, the formal name of Dr. Kiran Patel’s luxuriant residence, has been under construction since March 2013 on a 17-acre site about three blocks from the intersection of North Dale Mabry Highway and Linebaugh Avenue. Patel paid $3.2 million for the land in 2003.

The home will be the largest residential structure… …read more

The first time Jim Cloar saw Tropicana Field, it was a bit of a head-scratcher.

Cloar, a downtown revitalization consultant, was visiting St. Petersburg from Washington, D.C. in 1990. He was in town to give a speech, and a friend drove him past the stadium, which was then the Florida Suncoast Dome.

“I looked at him and said, ‘Why in the world did they build the stadium on this end of the site, when you have all this surface parking separating it from downtown?’” recalls Cloar, who now lives… …read more