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Archive for November, 2008
Canadian Developers Buy The Place-Plan To Lease Remaining Units
November 6th, 2008 categories: Channelside Market Updates, Downtown Tampa, New Projects (Condos), Tampa Condos
Back in mid October, an unnamed buyer purchased the 171 unsold units, and the 15,000 sqft. of retail space at The Place at Channelside for $21.9 million. There were 4 bidders at the auction and a Canadian firm, Channelside LLC, came out on top. If you do the math, that’s $128k per unit + the retail. That’s about 1/3 of the actual construction costs according to the CEO of the purchaser. Those 171 units represent 73% of the property, and the plan is to rent the units until the market recovers, a strategy similar to that taken at both Grand Central at Kennedy and Element. It will be interesting to see how this affects rental prices in the Channel District/downtown area.
 Browse Channelside/Downtown Condos For Sale/Rent
More Restaurants To Open At Skypoint
November 4th, 2008 categories: Downtown Tampa, New Projects (Condos), Tampa Condos
There had been some rumors going around but today I received what looks like an official press release from the public relations firm for Skypoint. It seems that 3 additional restaurants will be opening soon on the first floor of downtown Tampa’s newest highrise condominium building. Taps Wine and Beer opened earlier this year and now it looks like burgers, sushi, and Mexican fare will soon be available.
Here’s what’s planned:
RAWbar
James Devito (owner of Taps) will open 2600 sqft of space serving sushi and a full menu of Japanese fusion style dishes. Things must be going well at Taps. RAWbar is shooting for an opening prior to the Super Bowl.
Five Guys Burgers and Fries
Another Five Guys (burgers fries, dogs, etc) for the area from franchise owner and Skypoint resident Bob Dorfman.
Azteca Mexican Kitchen
The live/work concept is alive and well at Skypoint as another Skypoint resident, Chris Rivas, is planning an 1840 sqft Mexican themed sit-down restaurant that will include a small bar and some outside seating.
This is all great news for the many new residents of downtown Tampa and Channelside.
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