Higher Rates Squeeze Tampa Bay Apartment Owners
Owners are running out of extensions as higher rates expose the gap between old debt and new values.
Owners are running out of extensions as higher rates expose the gap between old debt and new values.
The deal will give H&R full ownership of two Florida apartment developments totaling 601 units.
The latest piece of the $1 billion Echelon City Center is now complete in St. Petersburg.
An 80-unit, $17 million apartment project is planned near U.S. 19 in Hudson, with five stories rising on a 32-acre property.
Nick Haines traces the decisions, setbacks and pivots that turned 22 acres into Midtown Tampa. (94 characters)
Fewer homes are for sale, but more than one in four Tampa Bay sellers are cutting prices.
The 23-story Midtown South Tower will bring 339 apartments to the 22-acre development.
The filing follows City Council’s rejection of the owners’ plan to restore it as a hotel.
The 341-unit project includes 102 workforce and affordable homes and $11.25 million in public funding.
Limited new supply is colliding with strong demand for Tampa’s smaller industrial spaces.