Letter to the editor: Dig further into why rents are high in Tampa Bay

There is no question that there is a huge demand for rental apartments in the Tampa Bay area.Original Article

St. Pete takes steps to further embrace accessory dwelling units

St. Petersburg is exploring altering its current restrictions for accessory dwelling units, which could allow more ADUs to be built throughout the city. ADUs, often known as granny flats, are additional residential units that are put on lots independent of a main dwelling unit. For example, if a homeowner wants to build a small apartment in the backyard to rent out, they can do so as long as they meet all of the city requirements. Part of the proposed changes is to expand the areas where people…Original Article

South Tampa apartments sold for $115 million

The pricing is equivalent to the once-record sale of a high-rise apartment tower on Harbour Island.Original Article

Redington Beach home sells for $7.65 million

A home on the Redington Beach waterfront has sold for $7.65 million. The waterfront home sits on approximately 0.23 acres at 16124 Gulf Blvd. The home is 7,787 square feet and has an eight-car garage. With six bedrooms and eight and a half baths, the property has 52 feet of beach frontage, a 35-foot by 36-foot infinity pool, and a floating spa. The sale price breaks down to approximately $982 per square foot. The property was sold by Tampa-based Stallion Properties LLC to Richard Leonard and…Original Article

Hillsborough commissioners decline to move reserve funds to affordable housing

Commissioner Kimberly Overman said the money should be used to the boost the county's affordable housing efforts.Original Article

Tampa Bay rent prices are rising faster than household income, new study finds

A new study finds that rent prices in the Tampa Bay area have been outgrowing household income since 2000. Data research firm Real Estate Witch analyzed publicly available data from the U.S. Department of Housing and Urban Development, the Federal Reserve Bank of St. Louis and the U.S. Census Bureau to determine the difference between income versus rent growth. Across the nation, rent prices from 1985 to 2020 have increased by 135%, while income increased by 35%. In Tampa Bay, rent rose by 113%…Original Article

Grand Prix winner lists Bayshore Boulevard home for $6M (Photos)

A home on Bayshore Boulevard in Tampa owned by Grand Prix winner Jason Bell is listed for sale at $6 million. The 8,525-square-foot home features five bedrooms, nine bathrooms, two garages equipped with electric vehicle charging stations, and a kitchen including imported Paraguay cabinets and European appliances. Located at 2902 West Fair Oaks Ave., the home also includes several custom features throughout, including three fireplaces, electric blinds, a smart home system, an outside Zen water feature…Original Article

Exclusive: St. Pete-based home services provider acquires two local companies

These are the first two acquisitions by the company.Original Article

National rollout of HUD funds includes millions for Tampa Bay

The U.S. Department of Housing and Urban Development's fiscal 2022 formula grant programs will dole out billions across the country — and millions into the Tampa Bay region. The Community Development Block Grant, HOME Investment Partnerships and the Housing Trust Fund represent the largest formula grants. Recipients here include: Hillsborough County: $10.98 million (total across all formula grants) City of Tampa: $10.09 million Polk County: $5.86 million Pasco County: $4.54 million Pinellas…Original Article

Moffitt Cancer Center reveals more details of proposed downtown St. Pete development

Moffitt Cancer Center presented new details to a St. Pete committee.Original Article