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

New Port Richey seeks redevelopment of former health department

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Concept rendering showing a potential redevelopment of the former health department building with storefront windows and outdoor seating.

New Port Richey is seeking developers for a vacant former health department building at Main and Bank streets, putting one of downtown’s most visible properties on the market for redevelopment. The city plans to release a request for proposals June 8 for the three-story building at 5640 Main Street. Developers may propose renovating the existing … Read more