Is Tampa Bay’s apartment market headed for peak?

Tampa developer Anthony Everett and his partners have walked away from several marquee apartment sites in recent months because the deals just didn’t make financial sense.

The group pulled back from the Tampa Tribune’s site in downtown Tampa, Newport in Westshore and several deals in Orlando.

“Land costs and construction costs have gotten to the point where they’re almost choking out new development because deals don’t pencil out very well any more,” said Everett, the Central Florida… …read more