Welch sets aside 17 acres for Rays in new call for Tropicana Field development proposals

St. Petersburg Mayor Ken Welch has released his version of a request for proposals to redevelop the Tropicana Field property — and this time, there's less land available to interested developers.Original Article

St. Pete City Council reaffirms support of affordable housing with funding

The council voted to increase the housing budget to support multiple projects in the South St. Petersburg Community Redevelopment Area.Original Article

Report: Construction costs may escalate 14.1% this year, but relief expected soon

Since the onset of the Covid-19 pandemic, record-high construction costs and delays have plagued the development and homebuilding industries — and while pricing has recently started to moderate, relief likely won't be felt until next year.Original Article

Tampa real estate firms partner to acquire $1.5 billion in apartments

The Tampa-based companies will target apartments throughout the Sun Belt.Original Article

St. Pete wants to make it easier for developers to build workforce housing

The move could shave two to three months off of a developer's time frame.Original Article

Crane Watch update: The latest on construction projects across the Tampa Bay region

Check out our updated Crane Watch map to see the latest on development projects that have been in the works for years, along with details on some new projects breaking ground.Original Article

20-story apartment tower moves forward near St. Pete’s Edge district

The same developer has built another project a block from this site.Original Article

Wife of Champs Sports founder sells riverfront Bradenton estate for $8.55M

A riverfront Bradenton estate has sold for $8.55 million, setting a record as the highest-ever sale of a single-family residence on the mainland of Manatee County, according to Michael Saunders & Co. The 5.16-acre gated estate, located at 7000 Riverview Blvd., has Frank Lloyd Wright-inspired architecture and sits on the Manatee River. Michael and Laurel James of Michael Saunders & Co. represented the buyers, and the property is “one of the largest waterfront properties in the county,” according…Original Article

Largo commissioners increase funding for affordable housing development

“In a time of drastically increasing rents, this project is vital for providing affordable housing for the community.”Original Article

Report: As the Tampa Bay housing market rebalances, competition is shifting toward lower-priced homes

As homebuying demand cools from the record pace of 2021, competition is shifting toward lower-priced homes, a new report finds. The latest report by Zillow (Nasdaq: ZG) shows competition is now strongest for the least expensive homes — a reversal from much of the pandemic. During the pandemic, homebuyers saw most of their competition from others looking to purchase middle- and top-tier residences. The annual deficit in for-sale inventory dipped the most in the top two price tiers in 2020 and…Original Article