Former Tampa strip mall converted into affordable housing

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Exterior view of Mercy Oaks II affordable apartment community in Tampa, converted from a former commercial property.

Seventeen affordable apartments opened Wednesday along North Florida Avenue after a former strip commercial center was redeveloped into permanent housing for individuals and families experiencing or at risk of homelessness. Mercy Oaks II includes 15 one-bedroom apartments and two two-bedroom apartments. The City of Tampa contributed $1.25 million in State Housing Initiatives Partnership funds to … Read more

Tampa senior living community sells for $38.5 million

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Exterior view of Arbor Terrace Citrus Park, a senior living community in Tampa that sold for $38.5 million to an affiliate of Principal Real Estate Investors.

Arbor Terrace Citrus Park, a 139-unit senior living community in northwest Hillsborough County, has sold for $38.5 million to an affiliate of Principal Real Estate Investors. The community, at 13810 Sheldon Road, opened in 2018 and includes about 173,000 square feet across two four-story buildings on roughly nine acres. The seller was Citrus Park IL … Read more

Tampa sees one of nation’s biggest gains in rental affordability

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Canopy at West River affordable housing building along Main Street in Tampa

The Tampa rental market is starting to give renters a little more room. The share of rental listings affordable to a median-income household in the Tampa metro area rose to 61.4% in May, up from 51.6% a year earlier, according to a Zillow analysis released Thursday. That was one of the largest gains among major … Read more