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A new facelift for historic Downtown Tampa landmark

Downtown Tampa’s only “elaborate movie palace” is undergoing a much-anticipated upgrade: wider, cushier seats and a more modern concessions stand for attendees to enjoy, as well as significant infrastructural improvements to protect the 1926 building from extreme weather.

The $6 million Phase 1 scope of work at Tampa Theatre addresses both the integrity of the building and the superior audience experience; seating has long been a gripe of even the venue’s biggest fans. The 1970s-era lobby concession counter is inefficient for rapid service and out of step with the original Mediterranean design. Both will be addressed with work starting today.

Authenticity is key in this process, and so even the new paint will be forensically matched to what was used 91 years ago.

While the mainstream model for cinema is changing thanks to streaming services and dinner-bar-theater hybrids, the Tampa Theatre’s charm is its ambiance and urban setting, surrounded by bars, restaurants and modern residential highrises.

Attendees enjoy a regular lineup of unique independent films and documentaries, seasonal classics (horror around Halloween, holiday from now until the new year -- to be shown outside during Winter Village at Curtis Hixon Park, and participation in film festivals like TIGLFF and GIFF.

Tampa City Council member Guido Maniscalco recalled a friend telling him, ahead of this morning’s media briefing: “I proposed to my wife there!”

When you attend a movie screening at The Tampa Theatre, you get one of the rare glimpses into prewar life in Tampa -- a distant past of gilded opulence. A time when streetcars ran up and down Franklin Street and ushers showed dressed-up moviegoers to their assigned seats before a film.

In 1976, the Tampa Theatre was saved from demolition through a coalition of impassioned community and civic leaders, including former Tampa Mayor Bill Poe, Sr. In 1978, it was selected to be part of the National Register of Historic Places, making it eligible for federal preservation tax credits and incentives.

Today, individual donations, sponsorships and partnerships, and philanthropic businesses support its continued operation and improvement. This morning, realty brokerage Smith & Associates’ CEO Bob Glaser presented Tampa Theatre CEO John Bell with a check for $250,000, generosity that will help speed the restoration work.

So where are all those old seats going? Head to Schiller’s Architectural and Design Salvage in North Hyde Park to purchase a piece of the theatre’s history.

Renovation work will wrap up by the end of December in time for a film screening on the 22nd and New Years Eve party to ring in 2018! Exact date of completion is T-B-A.


Popular Clearwater Beach restaurant sports new look, new name

Iconic eatery Crabby’s Dockside, formerly Crabby Bill’s, now boasts a new name -- Bill’s was dropped after a partner left the group -- and a fresh look that matches the slate of modern hotels that have popped up along Clearwater Beach over the last two years.

The original restaurant, which stood at 37 Causeway Blvd. for 17 years, was demolished after spring break 2016 to make way for the new three-story structure that now includes a first-floor outside bar and sidewalk seating, and an open-air rooftop seating area.

The most “stunning” features of the new restaurant are the unobstructed, panoramic views, says Greg Powers, CEO and co-Founder. “You have a 360-degree view of Clearwater Beach from the rooftop.” Floor-to-ceiling second-floor windows also provide “gorgeous views” to indoor diners.

About two years ago, Clearwater officials decided that the restaurant, which sits on city-owned property next to Clearwater Beach Marina, needed an upgrade. The city put out a request for proposals and Crabby’s Dockside won the bid, paving the way for the $4.4 million project.
 
Powers says he worked closely with Klar and Klar Architects and city staff to create “a new vision for the restaurant that was part our style, and part based on what the city is looking for and what the beach is becoming.”

The design of Crabby’s Dockside “is representative of a new beach,” says Principal Architect Steve Klar. “It’s modern. It’s contemporary.”

He predicts that other shops and restaurants along the beach will slowly adopt a similar look. 

“Clearwater Beach is not trying to be some small, little, sleepy area,” he says. “We’re not trying to replicate or recreate an Old Key West. This new look is different and contemporary. We like the trend and we like where it’s going. Modern architecture stands the test of time.”

Work begins on USF building to anchor Water Street Tampa

Construction has begun on the University of South Florida’s $152.6 million Morsani College of Medicine and Heart Institute at Water Street in downtown Tampa. The facility, which will anchor the $3 billion Strategic Property Partners' development, will bring students to live, work and study closer to their primary teaching school, Tampa General Hospital.

Though the building isn’t expected to open until late 2019, USF is already experiencing a number of positive benefits.

Since the move from the university’s main campus in North Tampa was announced in 2014, applications to the USF medical school have risen 40 percent, meaning more than 30 applicants are competing for every seat. USF has become the most selective medical school in the state, with MCAT scores in the top 20 percent of medical schools in 2016.

“We’re full in a lot of ways and have to hold off recruiting," says Dr. Edmund Funai, Chief Operating Officer for USF Health and Senior Vice President for Strategic Development for the USF System. "It’s exceeded our wildest expectations,”

The 11-story building is expected to bring more than 2,200 students, faculty and staff to the 53-acre Water Street Tampa. Its close proximity to its primary teaching hospital -- just a short water taxi ride away -- is expected to boost federal funding for research to fight heart disease.

The economic impact to Tampa Bay is considerable: the Heart Institute alone is expected to have an impact of $75 million annually.

USF leaders, friends and supporters gathered September 20 for a Dig This! event, viewing the development site from the upper floors of Amalie Arena. The group included USF System President Judy Genshaft, Tampa Bay Lightning owner Jeff Vinik, Florida Senator Dana Young, R-Tampa, and Tampa Mayor Bob Buckhorn.

Funai says being on the waterfront downtown enables USF to better showcase Tampa Bay area. “It’s a little harder to do from the main campus,” he points out. “It does a lot for people’s attitudes to to see the water and the sun and to be part of something that’s going to be a game changer for the city of Tampa and the Tampa Bay region.”

Funded by $112 million state university dollars, as well as private donations, the building’s modern design facilitates collaboration with more open spaces instead of the traditional classrooms of 20 years ago.

“It’s being designed to be as open as possible, to be adaptive to changes in curriculum,” he says.

The building will feature “next generation library service” through a donation from the insurance provider Florida Blue, he says. “It’s going to be on the cutting edge of information technology,” he asserts, “moving beyond the old book.”

Funai expects the facility, which is near USF’s Center for Advanced Medical Learning and Simulation (CAMLS), to be at the forefront of research through its high-resolution magnetic resonance imaging and state-of-art clinical trial unit.

The SPP development is meant to compliment what already is in the vicinity, highlighting the waterfront and incorporating lots of greenery.

“We’re building the safest building that we possible can,” he adds. “It’s built to deal with what Mother Nature may throw at you over 100 years.”

Vinik is a part owner in SPP, which is developing Water Street Tampa over a 10-year period. He and his wife Penny were recognized by USF September 26 when the university named its dual-degree Sports and Entertainment Management program after them. The Viniks helped launch, and provided more than $5 million of support, for the program run by USF’s Muma College of Business.

The program features business fundamentals MBA management, finance, marketing, information systems and accounting classes. Other courses involve the sport and entertainment industry.


Upscale Hyatt brand arrives in downtown St. Pete

The first upscale Hyatt hotel will be coming to the downtown St. Petersburg waterfront.

The 15-story, 175-room Hyatt Place St. Petersburg Downtown officially cuts the ribbon on Tuesday, Sept. 26.  

The hotel will be located in the same block as the 41-story luxury high-rise condo ONE and across the street from the James Wildlife and Western Art Museum, which is expected to open in early 2018.

Director of Sales Ryan Tarrant hopes the hotel will become the “connector” between St. Petersburg’s Beach Drive waterfront arts district with restaurants and museums, and the more eclectic Central Avenue shops, galleries and cafes.

Tarrant is a co-Executive Director for the Suncoast Film Festival and a former St. Petersburg Area Chamber Member of the Year. He and his wife Heather also own Cinema Squatch, a cinema event company known for its free outdoor movies at the Museum of Fine Arts, Williams Park and similar venues.

Tarrant says he hopes to develop the Hyatt Place to be “very St. Petersburg-centric with a focus on everything that makes the city unique, especially local artisans and entrepreneurs.”  The hotel will be partnering with St. Petersburg Distillery and local craft brewers, as well as Black Crow Coffee Co.

He is also working with local artist Ya La’ford to create a custom mural to add to the city’s growing collection of urban art murals on downtown buildings. In addition, The Body Electric http://thebodyelectricyoga.com/ will be offering yoga at the hotel’s rooftop pool, which will feature limited engagements open to the public, including the possibility of “dive-in” movies, says Tarrant.

The hotel is being developed and managed by Kolter Hospitality and will feature a 5,000-square-foot restaurant and sidewalk café; and 4,500 square feet of event space, including a 2,700-square-foot ballroom and three conference rooms. There are also two full-service bars on the first floor and a 5,500-square-foot rooftop pool deck and bar. Tarrant hopes to offer live entertainment two or three nights a week.

The hotel will be part of the World of Hyatt loyalty program, in which members earn points and exchange them for rewards when they stay at one of the Hyatt hotels worldwide. 

“There will finally be a Hyatt product in St. Petersburg, which is something World of Hyatt Rewards travelers have been waiting for, for quite some time,” said General Manager David Cuadra in a news release.

Local restaurants Rococo Steak, Urban Comfort and Orange Blossom Catering, will provide catering services for special events and weddings.

Architectural design center opens in Ybor City

The historic San Souchi building in Ybor City, a two-story yellow brick building dating back to 1906, is now home to Center for Architecture and Design, a place where architectural organizations and the community can collaborate.

The center houses the American Institute of Architects Tampa Bay and its related organization, the Tampa Bay Foundation for Architecture and Design. It already is hosting exhibits on the fourth Friday of the month.

AIA Tampa Bay has scheduled a ribbon cutting, which is open to the public, at 10 a.m. September 7 at 1315 E. 7th Ave., Ste. 105, on the building’s first floor.

The offices, formerly located at 200 N. Tampa Street, Suite 100, are now larger and more visible. “We see a lot of foot traffic on the sidewalk,” says Philip Trezza Jr., Past President of AIA Tampa Bay. “We wanted to have that physical presence and visibility in downtown Tampa and Ybor.”

The facility will be used for meetings, art galleries and architectural displays, presentations, and continuing education for its members. An event calendar is available on the association’s website.

The gallery will showcase traveling exhibits, student projects, local artists and design contest winners.

The center also will be available to rent for meetings and special events.

“We may have an option in the future to buy it [the center space]. Right now we’re leaving our options open,” Trezza says.

A $50,000 upgrade to the property, located in the Ybor City Historic District, a U.S. National Historic Landmark District near downtown Tampa, has been underway after they moved in last year.

Improvements include pine flooring made with salvaged pine from rivers and drop-in ceilings, new cabinets and kitchen, a new air conditioning system, a new electrical system, energy-efficient lighting, and countertops with poured concrete in the kitchen area. Glass panels from University of South Florida St. Petersburg’s College of Business were recycled for a table.

A retail shop, planned next year at the front of the offices, will sell art and architecturally related items.

The 2,000-square-foot center’s design was donated by
the St. Petersburg-based Harvard Jolly Architecture, where Trezza is Senior VP and a Principal.

The San Souci building won a Community Design Award given by the Hillsborough's City-County Planning Commission in 2010. The 22,000-square-foot building, which served as a retail anchor on the west end of 7th Avenue, has housed a penny arcade, barber shop, telegraph office, the San Souci theater, a Maas Brothers department store and Babcock furniture store.

AIA Tampa Bay is the regional chapter of the American Institute of Architects. It is the professional association of some 625 architects and architecture-related workers in a seven-county area including Hillsborough, Pinellas, Polk, Hernando, Citrus, Sumter and Pasco counties.

The nonprofit TBFAD offers education on design to the public, and seeks to inspire the exploration and appreciation of architecture. It now will spearhead Tampa Bay Design Week, a public festival AIA Tampa Bay started in 2014.


CDC of Tampa plans townhomes in the Fish Bowl

Housing shouldn’t cost half of your household income. But for some 47,387 households in Hillsborough County, it costs more than that, a needs assessment shows. Nearly 1,500 single-family households lack full plumbing and a kitchen. More than 3,000 live in overcrowded conditions.

In an attempt to help provide affordable housing, the CDC of Tampa is planning a $5 million rental community on E. Diana Street near N. 43rd Street in an area known as the Fish Bowl. Called Gardens at Diana Point, the two-story, four-building complex features 24 three-bedroom, two bathroom units with an attached garage. One unit in each building will be handicapped accessible, and span only one floor.

Designed for low- to moderate-income families, rents are expected to range from $567 to $1,232 after utility allowances.

47,387 households in the county are what are considered rent burdened or cost burdened,” says Frank Cornier, VP of Real Estate Development for CDC of Tampa.

Their goal is to reduce housing costs to 30 percent of income, he says.

See the 5-year consolidated plan for 2016-2020 here.    

A ceremonial groundbreaking for Gardens at Diana Point was held at the property August 31, although bids are still out on the project designed by BDG of Tampa. Construction is expected to begin in October, with leasing applications accepted in spring 2018 and move-in anticipated in June.

The homes will have a little porch on the front, which a lot of people are not even building anymore. It’s a good way of having conversations,” Cornier says.

All units face an interior courtyard featuring a children’s play area. The county, which owns an adjacent retention pond, will be investing $1 million to improve the area east of the property with a boardwalk and fishing pier for the neighborhood.

The development is located next door to Robles Elementary. “I’m sure we’ll get families that have children that go to that school, or want to go to that school, that will apply,” Cornier adds.

To be eligible, a family of four cannot make more than $48,000, he says.

Lower rents are made possible by a $3.5 million investment by the county for development. Some of the funding is derived from a state housing initiative earmarked for rentals.

Rents vary based upon household incomes, with two units set aside for very-low-income residents.

Beacon Homes

Meanwhile an open house is scheduled at 10 a.m. September 28 at the $2.5- to $2.8-million Beacon Homes, a 13-unit housing development at North 34th Street and East 28th Avenue. The three-bedroom, two-bath homes are expected to sell for at least $165,000. Two closings already have taken place and two more are planned in September. An additional three homes are under construction.

“It’s been a catalyst. Other people are also building around Beacon Homes and improving their property,” Cornier says.

The homes include attached garages, plenty of closet and storage space, and energy-efficient appliances. Assistance is available with closing costs for eligible parties. Seven of the homes have income restrictions of $47,850 per family of four, which allows them to buy with $3,000 out of pocket. Those with higher incomes are able to purchase one of the six other homes.

The CDC also is planning four more affordable homes on available lots in the E. Columbus Drive area between 22nd and 34th streets. The three-bedroom, two-bath homes with attached garages are expected to sell for an estimated $165,000 to $180,000. Construction on two is slated to begin next quarter, with the other two following.

Wrecking crews already have begun tearing down the city’s oldest public housing complex, North Boulevard Homes, which will be replaced by a 150-acre redevelopment project called West River. That project, to include some 840 affordable apartments, is intended to help transform the downtown area into an urban hub that may include 2,200 residential units, 90,000 square feet of retail and 70,000 square feet of office.

Construction on the first two buildings is anticipated in a year, but the full build-out may take a decade to complete.


Manor Riverwalk rising along Hillsborough River’s west bank, downtown Tampa

A group of approximately 80, including local dignitaries, stakeholders and neighbors, are expected to gather at 10 a.m. August 23 for the official groundbreaking of Manor Riverwalk, an eight-story apartment complex that will replace the building that once housed The Tampa Tribune on the city skyline.

The ground has been leveled and construction has “gone vertical” at 202 South Parker Street on the Hillsborough River’s west side downtown, according to Arturo Peña, VP of Development for Miami’s Related Group, the project’s developer.

We have our financing in place. We are underway,” Peña says. “We think that’s a huge iconic addition to the Tampa skyline.”

Cranes are on the site of the project, where rents will average $2,700 a month in 400 units, and the first floor of columns are in view.

Manor Riverwalk is expected to include a 400+ feet river trail to connect with similar paths on the west side of the Hillsborough River downtown. “The RiverWalk is a technical term that the city uses on the east side,” Peña says. “We’re continuing the river walk on our riverfront [on the west].”

Related has granted an easement to the city of Tampa so that all citizens can enjoy the pathway, which will be routed around a night-time roost for birds on the southeast portion of the property.

“The birds come in at night to sleep,” he says. “They’re out by morning.”

Leasing is scheduled in the last quarter of 2018, with apartments ready for occupancy during the first quarter of 2019. The average size is 1,030 feet, a bit larger than originally planned, because the company has opted for some units.

“We wanted to beef up the ones on the end and really take advantage of what we think are great views,” he explains.

Related Group is investing some $350 million in four Greater Tampa area projects. “We’re very bullish on Tampa’s growth,” he says. “We love the leadership of Mayor [Bob] Buckhorn. ... They really help you want to do business in Tampa.”

In August, Related secured a $52 million construction loan to develop the 396-unit Town Westshore rental community, which already has broken ground. It is preparing for move-ins at its 340-unit Icon Harbour Island luxury development. Related also is partnering with the Tampa Housing Authority on the150-acre redevelopment project on the west bank of the Hillsborough River, West River, that will further efforts to rebuild the neighborhoods on the edges of downtown Tampa.


Related Group secures $52M loan for new luxury apartments in Westshore, Tampa

Related Development LLC, the Miami firm redeveloping the former Tampa Tribune site, secured a $52 million construction loan Thursday to build a luxury rental community in the Westshore area.

SunTrust Bank provided the funding that will allow Related to build the 396-unit Town Westshore rental community, which recently broke ground at 5001 Bridge St. just south of Gandy Boulevard and about five blocks west of Westshore Boulevard. 

“We see tremendous growth in the I-4 corridor, and developments like Town Westshore are positioned to take advantage of the continued job and population growth in the region,” says Rebecca Cox, VP at SunTrust Commercial Real Estate, in a news release.

The property is one of four Related projects in the greater Tampa area, including the Manor, now underway on the former Tribune site, just off Kennedy Boulevard along the Hillsborough River in downtown Tampa. 

“Related has a track record of not only identifying underserved markets, but also delivering compelling residential properties tailored to the specific submarket,” says Steve Patterson, President and CEO of Related Development, in a news release. “Town Westshore is no different. We’ve done our homework and are confident the property and its central location will resonate with Tampa and St. Pete’s growing base of renters.”

The four-story, luxury mid-rise apartment development includes 396 units on just over 8 acres. Amenities will include fitness and yoga studios, saunas, massage treatment rooms, E-lounges, executive dining rooms and concierge services. On the drawing board: shopping, dining and a marina within walking distance.

Town Westshore is one of several blockbuster projects Related has planned or in the works in Tampa. The company, founded by Chairman and CEO Jorge Perez, is partnering with the Tampa Housing Authority on the West River project, the redevelopment and re-imagining of 150 acres on the west bank of the Hillsborough River near downtown.

The massive mixed-use project, which one city official called a “holistic approach to building a neighborhood,” is a legacy project for Mayor Bob Buckhorn. The mayor has committed $35.5 million in public money to transform Julian B. Lane Riverfront Park as a destination recreation and artistic site in the heart of the revitalized neighborhood.

Related is also preparing for move-ins at the 340-unit Icon Harbour Island luxury development. The 21-story, Parisian-style tower includes studio, one-, two- and three-bedroom apartments. Residents can enjoy hotel-style amenities, including a deluxe lounge, movie room, business center, game room with bar, fitness center, spa and massage room, poolside cabanas and gazebos, bike storage and storage lockers. Tenants can park in the garage of the neighboring Two Harbour Place building and use a skywalk to move between the tower and the garage.

New James Museum transforms 100 block of Central Ave., Downtown St. Pete

A 105-ton stone mesa will frame the entrance to the Tom & Mary James Museum of Western & Wildlife Art Museum, St. Petersburg’s newest addition to its growing collection of arts and cultural organizations.  

Located at the corner of 100 Central Avenue and First Avenue South in the heart of downtown, the James Museum represents the vision of Tom James, chairman emeritus of Raymond James Financial, and his wife Mary.

The James’ have donated $50 million to build the museum, which is expected to be completed by the end of 2017 with a grand opening in early 2018.

The museum will display a portion of the James’ vast collection of more than 3,000 pieces of western and wildlife art and sculpture, as well as Native American jewelry.  The couple began collecting western and wildlife art in the late 1950s and now have one of the largest private collections in Florida.

“When my wife Mary and I decided to share the best of our collection through the establishment of a museum, it made perfect sense to build that museum in the city that has been our home for over 50 years and so much a part of our family’s success,” says James. 

“Anchored by the Dali Museum, St. Petersburg already has such a strong arts presence in downtown,” says James. “We wanted to augment the array of cultural attractions and further establish the city as a cultural destination, while providing educational and entertainment opportunities for the community.” 

The final steel beam that will support the 219-foot foot tall stone mesa was lowered into place at the end of June during a “topping off” ceremony.  The event marked slightly more than the halfway point for construction of the 84,000-square foot museum, which when completed will be larger than The Dali Museum.

From parking garage to museum

The  location of the new James Museum will be a first for the city. Rather than taking shape as a free-standing entity,  the museum is being built within the bottom two floors of the SouthCore Parking Garage, a distinctive pink landmark in the 100 block of Central Avenue.  The new ONE 41-story luxury condo tower is under construction across the street. 

Last year, St. Petersburg City Council approved a 50-year lease between the city and the museum. Parking for the museum and the public will continue to be available in the remainder of the eight-story public parking garage.

In a prepared statement, St. Petersburg Mayor Rick Kriseman says he is enthusiastic about the city’s partnership with the museum, which will bring another significant landmark to the downtown core.

The Beck Group is overseeing construction of the museum, which will include a 30,000-square-feet gallery space, 6,000-square feet event space, 120-seat theater, indoor sculpture court, commercial catering kitchen, café and museum store.

St. Pete Design Group, a joint venture between Harvard Jolly Architecture, Architect Yann Weymouth and Wanemacher Jensen Architects, are designing the exterior and interior.  

Weymouth designed The Dali Museum, now a major draw for visitors internationally to the city. The design for the new James Museum is expected to be just as distinctive architecturally. In addition to the 105-ton stone mesa on the front of the building, interior features include a two-story stone arroyo and waterfall.

Driving economic development

The museum’s construction presents significant development opportunities for the 100 block of Central Avenue.  

Besides transforming a 30-year-old city parking garage into a museum, the team will be creating 35,000-square-feet of retail space on the east and west side of the garage -- prime street level property that is expected to transform this corner of downtown.  

The Sembler Company is leasing ground floor retail units and Echelon Real Estate Services is leasing the Class A Office space located on the second floor.

“When we selected the museum’s location, we had in mind that we should help build and beautify that part of downtown, encourage development of hotels and other amenities for residents and visitors and make the area more attractive and pedestrian friendly,”  Tom James said at an event last year announcing the launch of the new museum. “We could have given our collection to other museums or have sold it, but we thought what better opportunity to continue the development of our city.”

Homebuilder buys land in Westshore Marina District

Premier homebuilder WCI Communities has purchased 2.35 acres for $2.5 million as part of a $14.5 million, two-phase land deal in the Westshore Marina District, a walkable planned community off Westshore Boulevard south of Gandy Boulevard.

The developer, Fort Lauderdale-based BTI Partners, announced the land deal with WCI, which plans to build 35 three-story townhouses in the 52-acre master planned community. WCI also has agreed to purchase a second, 9.5 acre waterfront site, with a closing anticipated by early 2018, BTI Partners announced.

WCI declined to provide details.

It [Westshore Marina District] is adjacent to some of the best housing and residential areas of Tampa,” says Beck Daniel, BTI Partners' Executive VP of Development.

Although land in the area has historically been industrial, it’s not regarded as such now. “We haven’t really looked at it as an industrial area. We’ve just looked at it as ripe for redevelopment,” Daniel says.

Earlier plans to develop the property didn’t materialize because of the economic downturn. 

BTI Partners addresses neighborhood issues like lack of usable waterfront, walkability, and traffic in its development plan, Daniel says.

The community, designed to transform the waterfront, may include up to 1,750 residential units, a 200-room hotel, retail, restaurants and office space, 185 to 240 marina slips and a 1.5 mile-waterfront park. The 14-acre marina basin will be the largest in the area.

We like the Tampa market,” says Daniel.“We’re all over the state. We try and stick to the big metros.”

Earlier this year, BTI Partners sold eight acres in the development to Miami-based Related Group, which also is building an eight-story apartment complex on the site of the former Tampa Tribune building at 202 S. Parker St.

Twenty acres in the Westshore Marina District remain unspoken for. “We try not to talk too much about the future phases until we get there,” Daniel says. “We’re hoping to announce some retail parcels soon.”

BTI Partners is proceeding with the infrastructure.“By the end of this year, we’ll have an entry road coming into the project,” he asserts. “We’re excited because everything seems to be moving forward without a hitch.


Tampa Bay Lightning Owner Jeff Vinik partners with Dreamit to promote urban tech in Tampa

Tampa could be poised to attract urban technology firms from around the globe as a result of a recent partnership between Tampa Bay Lightning owner Jeff Vinik and the New York-based startup accelerator Dreamit.

The partnership will take advantage of the ongoing development efforts by Vinik's Strategic Property Partners to attract and incubate companies with technology solutions in the areas of real estate, infrastructure and urban living.

With SPP’s plans to invest $3 billion into the development of nine to 10 million square feet across nearly 55 acres in the next 10 years, the Tampa Bay area has a head start when it comes to becoming an urban tech magnet, Dreamit CEO and Managing Partner Avi Savar says.

 “That natural resource becomes kind of the chum in the water to attract startups from around the world that are investing their time, energy and attention to solving the challenges that are facing cities across the world,” he says.

According to a news release from Dreamit, record growth is occurring across the state and in the Tampa Bay area. Just last year, over 60,000 residents moved to the region -- emphasizing the need for urban technology when creating modern cities.

"As our city develops and prepares for a bright future, I am pleased to partner with Dreamit in this UrbanTech initiative," said Jeff Vinik in a news release. "I am confident we will identify and create avenues of success for startups dedicated to building and enriching cities."

As a business accelerator, Dreamit looks for companies with ideas that have already begun to be proven and are ready to progress beyond the startup phase. For its Tampa endeavor, Dreamit will be searching for businesses offering “anything that will help accelerate and innovate the city tomorrow,” Savar says.

The partnership with Vinik in Tampa creates a rare opportunity to build a totally new city with an emphasis on the latest technology in urban development.

“There are very few places in the world where you get to come in on the ground floor and help build a city,” Savar says.


ULI Summit slated for end of May in Tampa

At the 2017 Urban Land Institute Florida Summit, individuals connected to the state’s real estate and development fields will gather to discuss trends, network and learn from the experiences of colleagues.

The event, which runs from May 25 to 26 at the Tampa Marriot Waterside Hotel, is expected to bring together over 700 ULI members and non-members ranging from attorneys and architects to land use planners and public officials.

“All of whom come together to share thoughts, ideas and research with respect to creating better land use in the future,” says Jim Cloar, chair of ULI’s Tampa Bay District Council.

The summit begins with open registration and a networking reception on the evening of May 24 and will continue with a diverse range of programing throughout the day on May 25 and 26. Programming includes four general sessions, ten simultaneous sessions and optional offsite mobile tours.

Cloar says the sessions primarily cover topics that can be applied across the state, but one of the general sessions will specifically focus on the rapidly changing landscape of Tampa Bay through several key projects. Speakers on that panel, which takes place at 1:30 p.m. on May 25, include CEO of Strategic Property Partners James Nozar, CEO of Lakewood Ranch Rex Jensen and CEO of Wiregrass Ranch J.D. Porter.

“We try to make sure we have a variety of speakers,” Cloar says.

With no shortage of material to cover, the summit offers those in the real estate industry a way learn more about the latest trends and opportunities in one jam-packed weekend. One of the main advantages attendees have is the opportunity to learn from the completed projects of their associates.

“One of the things ULI has always emphasized is sharing your experiences with projects,” Cloar says. “ULI members have always been very good about sharing those lessons learned with their colleagues.”

It is also a great chance to meet new acquaintances and reconnect with old ones – maybe even do some business.

“I wouldn’t be surprised if there are some deals done,” Cloar says.

For more information on the event or to register, visit ULI online.


CDC, lenders team up to open new affordable homes in East Tampa

The first three of 13 homes being constructed by the Corporation to Develop Communities of Tampa with affordable housing opportunities in mind are just weeks away from completion.

Frank Cornier, the CDC’s VP of real estate development, says the Beacon Homes project falls in line with his organization’s goal of supporting communities throughout Hillsborough County and improving quality of life for residents in East Tampa.

“Being able to create those affordable homeownership opportunities is key to what we do,” he says.

So far, CDC has seen no shortage of interest in the homes. One home is currently under contract while about six potential buyers are hoping to qualify for the other two, which are expected to be complete in the next two weeks.

Cornier says seven of the 13 homes, which are located along North 34th Street at East 28th Avenue, are for families who take home $47,350 or below annually – 80 percent of the area median income for a family of four. The next six will be for families who earn 120 percent of the area median income with $71,040 annual pay for the same-size family.

The first group of homes will sell for $165,000 but the cost of the second group might see an increase. Eligible buyers can receive up to just under $30,000 in down payment and closing cost assistance.

“That enables someone to be able to purchase a home with about $3,000 out of their pocket,” says Cornier, noting how important that assistance is in furthering this project’s goal.

The total budget for the project, which is a joint effort with the city of Tampa and the Tampa Housing Authority, is between $2.5 and $2.8 million. Financing comes from the city and the Florida Minority Impact Housing Fund, designed to revitalize marginalized communities across the state.

For more information or if you are interested in purchasing a home, visit CDC online.


First retail shops coming to ENCORE! in downtown Tampa

The first retail location in ENCORE Tampa!, a downtown Tampa mixed-use development, is under construction and expected to be operational within the next 90 days.

Encore, a $425 million redevelopment of the former Central Park Village public housing area, will give a home to local foodie Michelle Faedo’s Tampanian Cuisine as the first of three retail operations in the project’s immediate future.

“We’re really happy,” says Leroy Moore of the Tampa Housing Authority. “It’s a major milestone for this site because Encore is all residential now and we have space on the ground floor of all those buildings for retail.”

The residential facilities at Encore now have a strong enough population to support development of retail facilities, Moore says. In addition to Faedo’s eatery, a barbershop and new Westshore Pizza location are under contract.

“It certainly brings conveniences to the site,” Moore says. “Encore has always been envisioned as a live, work, play location.”

Located in downtown Tampa near Interstate 4 and Interstate 275, the 28-acre development has plenty of room for additional growth, including a grocery, offices, a museum and more options. Moore says he is encouraged by the present interest and envisions Encore becoming a destination for workers exiting downtown.

The first three retail locations are being installed in the bottom floor of Ella, a senior living facility located within the redevelopment.

Now that the seven-story building is full of residents, the retail market has enough onsite support to get started. As Encore continues to grow, Moore is optimistic that more retailers will be interested in setting up shop, which in turn draws in more consumers.

“When the rest of the retail comes to this site, beyond the three we already have under contract, we think this could eventually be a destination location,” he says.


New studio space coming to St. Pete Warehouse Arts District

New studio space is coming to St. Petersburg’s Warehouse Arts District and the community is invited to come take a peek at the progress on Thursday, April 27th.

At a “Hard Hat Celebration” and fundraiser, the St. Pete Warehouse Art District Association will showcase the ArtsxChange, a project that converts 50,000 square feet of space into affordable art studios as part of the association’s commitment to the local art community.

“It’s a chance to get people up to date on the project, which has been in the works for several years, let our sponsors and donors see where their money has gone and to really invite artists into the area to bear witness to our commitment to provide affordable space for them to create,” WADA Executive Director Mary Jane Park says.

The event begins at 4:30 p.m. and includes art by incoming ArtsXchange artists, live music, food and drinks, remarks from St. Pete Mayor Rick Kriseman and more. The new studios, located at 515 22nd St. S, are currently under construction and attendees will have the opportunity to view progress. A $20 donation to WADA is suggested but the event is free to attend.

WADA has branded the ArtsxChange as a resource for the city, local artists and the community by creating “sustainable and affordable art studios and educational space.” The first phase of development began in March and is expected to conclude in mid-summer. It includes a 1,500-square-foot community space for art exhibitions and educational programing as well as 28 studios.

Smith and Associates CEO Bob Glaser says his business is sponsoring the ArtsxChange because it improves the community and adds opportunity for residents.

“It’s going to bring a lot of positive change to the market place,” he says.

For more information on the event, to register and to view a list of ArtsXchange sponsors visit WADA online.
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