Best Real Estate Deals: Multifamily deals of the year
These are Tampa Bay's multifamily real estate deals of the year.
Author Archive for: DomresRealEstate
Entries by DomresRealEstate
Hillsborough County school property may be transformed into affordable housing
The Hillsborough County School Board has ushered in a plan to possibly transform school property into affordable workforce apartments as housing prices continue to put a strain on families’ budgets. Three development companies — Blue Sky Communities, Related Urban Development Group and Wire Development — will be tapped to redevelop unidentified school property should any be made available. Blue Sky’s apartments would be for families earning between 30% and 120% of the area median income,…
Here’s where Tampa Bay ranks among the most competitive rental markets in the nation
Florida became one of the hottest rental markets in the nation over the past year, and the latest RentCafe report shows that Tampa Bay was among the nation's best during this span. According to the report, 97.5% of apartments are occupied throughout the Sunshine State. Florida's population spiked over the past two years, placing five of the country's hottest locations for renters this year in the area. Tampa Bay ranked No. 17 in the nation behind other Florida metros such as Miami and Orlando…
Sarasota airport sues city and developer over planned apartments
Some proposed residences at the former dog track are too close to the airport runway, according to the lawsuit.
Tierra Verde estate enters market at nearly $14 million
A waterfront Tuscan-style estate in Tierra Verde has hit the market at $13.995 million. The home at 1571 Oceanview Drive is more than 12,000 square feet and has seven bedrooms, eight baths and three half baths. It also includes a library, two offices, a wine cellar, gym, elevator and a four-car garage. Designed by architect Alberto Alfonso, the building resembles a Tuscan farmhouse like those found in Strada di Borgo Pretale. The property is marketed exclusively by Robyn Gunn of Premier Sotheby's…
Report: Homebuyers are leaving these metros to come to Tampa Bay
Here are the metros people are leaving to come to Tampa Bay.
Condo association sues developer over luxury Bayshore tower ‘defects’
Condo owners say defects, including missing sealants and separation cracks, have resulted in damage, according to the lawsuit.
Water Street developer SPP to build hotel, condos in downtown Charleston
For its first project outside of Tampa Bay, Strategic Property Partners will build a luxury hotel and condos in the Holy City.
See how rents have shifted in Tampa year-over-year
An analysis of rent data collected by Zillow shows the months with the largest percentage increase in median monthly rent price over the past year, with the beginning of the year seeing the highest spikes. The rent increase has caused the average worker in Tampa Bay to work an additional 20 hours to pay rent compared to five years ago. In June, real estate data company Clever released a study showing rent is increasing four times faster than income in America. This has put pressure on civic and…
22-story mixed-use tower in St. Pete gets key approval
A 22-story tower that will bring a mix of residential and commercial space to St. Pete has cleared a significant hurdle following unanimous approval from city council. The council, meeting as the Community Redevelopment Agency, on Thursday unanimously found the planned $72 million development to be consistent with the Intown Redevelopment Plan. The tower is planned for 511, 533, 543 and 551 Third Ave. S. Plans show the development will have 335 dwelling units, 11,560 square feet of commercial…