Tampa Tribune site in downtown Tampa under contract for redevelopment play, sources say

The Tampa Tribune’s building in downtown Tampa is said to be under contract to a developer who plans to redevelop the property.

The Tribune’s building at 202 S. Parker St. will be sold to a developer who is planning a residential project there that could possibly include commercial uses, according to multiple sources who asked not to be named because of the sensitivity of the deal.

Under contract is the 4.4-acre riverfront site that is home to a nearly 60,000-square-foot building occupied by… …read more

SunTrust survey: Many higher-income households living paycheck to paycheck

Nearly one-third of higher-income households said they live paycheck to paycheck at least sometimes, and 44 percent agreed that spending on lifestyle purchases such as dining out and entertainment causes them to save less than they should each month.

Those are the findings of a new SunTrust survey conducted online by Harris Poll among those whose households make $75,000 or more annually.

For millennials with the same household income, that number jumps to 71 percent.

Other findings from the survey… …read more

Scenes from Florida Poly and where I’ll be next week

SCIENCE GRAFITTI: I dropped by Florida Polytechnic University last week to update our images of the Innovation, Science and Technology building, a design marvel by architect Santiago Calatrava. Pictured are science doodles as seen on outside glass that rings the circumference of the building. (See photo)

April 20

Noon: TBBJ executive roundtable on transportation and logistics. Our invite-only monthly roundtable lunches are designed to develop story ideas and relationships. Next one: Residential… …read more

Tampa businessman bids on Rivergate Tower in downtown Tampa

Motivated as much by passion as potential profits, a Tampa entrepreneur is bidding on the city’s most iconic skyscraper.

Tom Frederick, who was a partner in Zeno Office Solutions before selling the company to Xerox in 2013, said Thursday that he submitted a $60 million offer for the Rivergate Tower, the 31-story cylindrical office tower on North Ashley Drive.

Offers were due Tuesday, Frederick said. He wasn’t sure when CBRE Group Inc., which took the property to market earlier this year, plans… …read more

The 5 most expensive streets to live on in Tampa Bay

The priciest streets to live on in Tampa Bay are in exclusive waterfront enclaves, from Clearwater to an-off-the-beaten path bayfront nook in Ballast Point.

That’s according to analysis from Zillow, which released the most expensive streets in the U.S. on Wednesday. The top spot is in South Florida, on Indian Creek Island, a private island in Biscayne Bay. The median home price on Indian Creek Road is $21.48 million.

Tampa Bay’s priciest street in Mandalay Point in Clearwater, which has a median… …read more

New townhouses in Seminole Heights to break ground speculatively next month

A townhouse development in Seminole Heights will break ground speculatively by mid-May.

Developer Wesley Burdette had planned to wait until at least one of the homes was under contract before breaking ground on the four-unit development at 113 W. Giddens Ave. But since he launched the sales campaign in mid-January, he’s found that most buyers are looking to move faster than the time it would take to build the houses.

“I’ve got a lot of people who want to have them, but what I’m also finding… …read more

5 things to start the day: Tampa loses a mayor to St. Pete and an actual number we can tie to the gender earnings gap

Women in Florida earned 84 percent of what men earned in 2013, according to the spring 2015 “The Simple Truth about the Gender Pay Gap” report from the American Association of University Women. See the info graphic below for state rankings. The state ranked similarly in a report from the Institute for Women’s Policy Research, which found an earnings ratio of 85 percent. Businesses can play big role in fixing the gender gap, and not just by paying women equally. Here are some ways how.

Former Tampa… …read more

How I faced a tragic loss at my company

The death an employee is a tragedy for any company.

Here Rand Construction CEO Linda Rabbitt talks about her president, Jon Couch, who died last fall when the plane he was piloting crashed near Richmond, Virginia. Couch’s mother, Francis Gene Couch, 72, also died in the crash. Couch, 46, was piloting a T-28C Trojan Navy trainer, a propeller plane, at the Alton, Virginia, speedway.

Rabbitt reluctantly relived the experience, which can still bring her to tears, in hopes it would help other companies… …read more

Mixed-use Ringling Square in downtown Sarasota sold to New England investor

A New England group has acquired downtown Sarasota’s Ringling Square for $11.5 million.

Ringling Square is a five-story office and retail building with an adjacent five-story parking garage, built in 2005. Including the garage, Ringling Square totals 124,527 square feet, for a sales price that breaks down to $92 per square foot.

That figure is below replacement cost — it would cost significantly more than $90 per square foot to build the same building today.

Dennis Dahm, a commercial broker… …read more

Waterfront home in Westshore’s Beach Park Isles sold for nearly $3 million

The recent sale of a waterfront home in Westshore’s Beach Park Isles neighborhood illustrates the urgency in Tampa’s luxury housing market.

A home on Beach Park Isles sold for $2.7 million on April 3, according to a Hillsborough County deed filed Friday. The seller, Christina Lavery, paid $2.025 million for the home in 2012. The buyer was Craig Turnbull.

The property was on the market for 10 days before it went under contract, said Stephen Gay, an agent with Smith & Associates who had listed the… …read more