Vinik: Downtown Tampa multifamily could be heading toward ‘overbuilt’ situation

Strategic Property Partners, the real estate company controlled by Jeff Vinik and Cascade Investment LLC, is keeping a cautious eye on multifamily development in downtown Tampa.

Vinik, who owns the Tampa Bay Lightning, said Monday that multifamily projects in Tampa’s urban core may be getting ahead of demand.

As of March, there were 1,389 units under construction and another 2,900 in various stages of planning in downtown Tampa and the neighborhoods that ring the urban core, according to data from… …read more