HGTV ‘Design Star’ competitor building spec houses in Old Hyde Park (Renderings)

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A Tampa designer and builder who once competed on HGTV’s “Design Star” is building speculative homes in South Tampa’s Old Hyde Park.

Tobin Green, owner of AADMIXX in Tampa, is planning two adjacent homes, at 1312 W. Azeele St. and 400 S. Orleans Ave. Boyd Construction Co. will build the shell components.

The Azeele house is already listed for sale in the Multiple Listing Service for $925,000. It will be three stories, 2,500 square feet and includes a two-car garage. Its estimated completion date… …read more

What $1.8M in HUD funding does for Hillsborough’s homeless

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Jana Balicki has worked in behavioral health for more than 30 years, and a lot of that time has been spent helping the homeless population.

She’s watched “Housing First” models work since the 1980s, and is passionate about the program. So this week’s news that the Hillsborough HEART project will receive $1.8 million in grant funding makes her especially happy.

Balicki is chief housing administrator for the Agency for Community Treatment Services Inc. in Tampa, which administers the HEART program.… …read more

Tampa/St. Pete programs awarded millions from HUD’s $1.6B to aid the homeless

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Organizations in Florida focused on aiding the homeless received close to $73 million this week from the U.S. Department of Housing and Urban Development’s Continuum of Care grant program.

HUD estimates there were 564,708 persons experiencing homelessness on a single night in 2015, according to a statement announcing the grants.

The cost and impact of providing indigent care and services can provide headwinds to economic growth. The funding helps alleviate a portion of that pressure.

Tampa/Hillsborough… …read more

Exclusive: This $7.9M estate on Tampa Bay will appeal to luxury buyers and developers (Photos)

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A gated waterfront estate in Safety Harbor that hits the market Monday is an opportunity for real estate developers as well as luxury homebuyers.

The 9,365-square-foot home at 2600 Phillippe Parkway sits on roughly 10 acres, making it one of the largest parcels available on the Tampa Bay, said Jennifer Zales, an associate with Coldwell Banker Residential Real Estate who is listing the property.

“This is a huge waterfront lot right in the heart of Tampa Bay, in the beautiful town of Safety Harbor,”… …read more

Gulf front home on Anna Maria Island sold for $3.6 million (Photos)

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A waterfront home on Anna Maria Island with a prominent next-door neighbor has been sold.

The home at 101 Palmetto Ave., which is on the Gulf of Mexico, has sold for $3.6 million or $740 per square foot, Coldwell Banker Residential Real Estate announced Friday.

The home was built in 2015 as part of a three-home community. It was developed by a corporate entity tied to Joseph Acebal and Richard Mikles, the co-founders of Ideal Image Development Inc. Acebal and Mikles recently sold off another home… …read more

Developer: Seminole Heights is becoming attractive to investors

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There’s a notable change in the attitudes of investors and lenders toward deals in Seminole Heights, says a development pioneer in the neighborhood.

Wesley Burdette, who converted an old warehouse into loft-style apartments, struggled to find a bank willing to take on his development in 2014. After talking to at least 10 other lenders, Burdette connected with Sunshine State Bank, which financed the project.

He was the sole equity investor in that project, The Warehouse Lofts, which is now leasing… …read more

Tampa ranked among top 10 cities for residential remodeling

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Residential remodeling in the United States increased by 9 percent from December 2014 to December 2015 and Tampa had some of the most activity in the country, according to a report from BuildFax.

Tampa was ranked No. 6 for residential remodeling in the BuildFax report, which calculated the ranking by using construction records with more than 23 billion data points, including number of residential remodeling projects per household, the statement said.

The top 10 cities are:

Colorado Springs, Colorado… …read more

Exclusive: Camden sells off multifamily development site in Westchase

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A national player in the apartment market has sold off a development site in Tampa’s Westchase area.

Houston-based Camden Property Trust (NYSE: CPT) sold nearly 6 acres adjacent to Camden Westchase Park to a buyer who plans to build a 120-bed senior living community there.

The purchase price was $2.15 million. Vertica Commercial Advisors, a subsidiary of Tampa-based Vertica Partners, represented Camden in the transaction.

The site — which Camden owned after building the 348-unit Westchase Park… …read more

Florida sweeps this home price index with largest price increases

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Florida’s metropolitan cities are experiencing some of the the highest housing market growth rates in the country, according to the latest data by Jacksonville-based Black Knight Financial Services.

The 10 metros that increased the fastest were all from Florida , according to the firm’s December price index released Tuesday.

Sarasota (1.4 percent), Punta Gorda (1.3 percent), Port St. Lucie (1.2 percent), Naples (1.2 percent), Cape Coral (1.1 percent), Homosassa Springs (1.1 percent), Sebring (1.1… …read more

Inside Dr. Kiran Patel’s palatial Carrollwood estate, three years after breaking ground (Photos)

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Past the strip centers, drive-thrus and cookie-cutter housing developments that define suburban Tampa, a palatial multifamily compound is rising above the Carrollwood landscape.

Surya Estates, the formal name of Dr. Kiran Patel’s luxuriant residence, has been under construction since March 2013 on a 17-acre site about three blocks from the intersection of North Dale Mabry Highway and Linebaugh Avenue. Patel paid $3.2 million for the land in 2003.

The home will be the largest residential structure… …read more