Sarasota waterfront estate sells for record-breaking $17.5 million
The estate has set a record for the highest residential sale in Sarasota, Manatee and Charlotte counties.Original Article
Archive for month: July, 2022
Tampa Bay CEOs: Housing affordability, transportation are inextricably linked
Some of Tampa Bay's most influential business leaders recently discussed the opportunities and pain points of population growth.Original Article
First phase opened of hotel-turned-workforce housing in Pinellas County
The Pelican Lake Apartments will bring 183 workforce and affordable housing units to Pinellas County.Original Article
Housing economists: Mortgage-rate volatility likely to level off even with Federal Reserve interest-rate hikes
Despite an interest-rate hike of three-quarters of a percent by the Federal Reserve on Wednesday, and additional increases likely still to come, some housing economists aren't expecting another big surge in mortgage rates now or in the coming months.Original Article
Developer plans to revitalize Clearwater’s North Marina District
A developer has plans to transform 15 parcels in the district into a mixed-use, walkable community.Original Article
32-story tower, second phase of The Place at Channelside, proposed in downtown Tampa
A hotel developer who purchased a vacant lot adjacent to The Place at Channelside in 2021 wants to build multifamily units and street-level commercial space on the site. An entity linked to The Dynamic Group, based in Chattanooga, Tennessee, is asking the city to rezone 940 Channelside Drive to make way for a 32-story tower with 280 multifamily units and 4,555 square feet of street-level commercial space. The proposal requires a public hearing before Tampa City Council. The proposal is the second…Original Article
‘Gimme! Gimme! Gimme!’ a house owned by ABBA
The Tierra Verde home that reportedly was used by ABBA as a winter retreat has hit the market for $3.95 million.Original Article
As affordable housing crisis endures, manufactured homes could be part of the solution
In rural Florida, a new development could offer one solution to the nation's affordable housing crisis: a built-to-rent community populated with manufactured homes. ERC Communities, led by Jerry Ellenburg, is about to begin horizontal construction on a 60-unit manufactured housing project in Zephryhills, the small city 30 miles northeast of Tampa best known for its eponymous bottled water. Ellenburg's model is a twist on traditional manufactured housing developments; typically, occupants of those…Original Article
NBA executive buys $8 million condo at The Edition Tampa in Water Street
An NBA executive and startup CEO have purchased a condominium in Water Street Tampa's The Edition for nearly $8 million. Bill Koenig, the NBA's president of global content and media distribution, and Foiye founder and CEO Melinda Witmer, closed on a condo in The Edition on July 15, according to a Hillsborough County deed filed this week. The deed lists the couple's address as their home in Scarsdale, New York. Koenig is a Florida native who grew up in Hollywood, according to his NBA bio. Bank of…Original Article
Report: Tampa Bay mortgage payments rise to the highest point in years
The Tampa Bay housing market has grown exponentially since the start of the Covid-19 pandemic, and a new report by Zillow shows this trend isn't slowing down anytime soon. The data shows that typical home values are $382,776 in the Tampa Bay area, a 72.5% jump since June 2019 and above the national average of $354,165. Additionally, mortgage payments on a typical home are $1,743 a month, excluding taxes and insurance, a 110% increase from 2019. However, these factorshave led to homebuyers having…Original Article