Downtown Development Forum ‘2010 – Downtown Tampa’s New Decade’ Residential Downtown Updates
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Transcript of Downtown Development Forum ‘2010 – Downtown Tampa’s New Decade’ Residential Downtown Updates
Downtown Development ForumDowntown Development Forum
‘‘2010 – Downtown Tampa’s New Decade’2010 – Downtown Tampa’s New Decade’
Residential Downtown UpdatesResidential Downtown Updates
Presented by Dave Traynor, CRBPresented by Dave Traynor, CRB
Director of Business DevelopmentDirector of Business Development
Number of Residences: 280
Number Sold: 50% under contract, closings to begin endof March
Avg $/Sq. Ft: 1 bed from $140’s2 bed from $200’s
Lending Avail: Yes, Fannie Mae
Owner: Cobalt Development
On-Site Brokerage: Cobalt Development
THE SLADE
Number of Residences: 380
Number Sold: SOLD OUT
Avg $/Sq. Ft: $265
Lending Avail: Yes, Fannie Mae, FHA, VA approved
Owner: Novare
On-Site Brokerage: Smith & Associates
SKYPOINT
Number of Residences: 257
Number Sold: 124
Avg $/Sq. Ft: $185
Lending Avail: Yes, In-housefinancing
Owner: In receivership
On-Site Brokerage: JMC Realty
TOWERS OF CHANNELSIDE
Number of Residences: 84
Number Sold: 64
Avg $/Sq. Ft: $150
Lending Avail: Yes, Fannie Mae, VA
Owner: Silverpoint
On-Site Brokerage: Toni Everett
VENTANA
Number of Residences: 138
Number Sold: 105
Avg $/Sq. Ft: Varies at $250-$507
Lending Avail: FNMA approved, no preferred lender
Owner: Patrinely Group
On-Site Brokerage: Patrinely Group
THE PLAZA
GRAND CENTRALAT KENNEDY
# Units: 392, 192 sold
# Rented: 200,all remaining units
$1.60/sf avg per month
RENTAL COMMUNITIES
THE PLACE
# Units: 245
Of units available to lease, only 10 left at
an average of $1.50/sf avg per
month
SEAPORT
# Units: 422
# Rented: Over 80%
$1.20/sf avg per month
ELEMENT
# Units: 395
# Rented: 237
$2.07/sf avg per month