Wal-Mart Loses Bid War For Site Near Ybor City

[bobliocatt]

By SHANNON BEHNKEN [email protected]

TAMPA - Wal-Mart, the world's largest retailer and a company not used to being on the losing end of a deal, has been trumped by a little- known California company in an intense bidding war for prime property near Ybor City.

Wednesday morning, Wal- Mart said it was in negotiations for the 30-acre site where it intended to build a Supercenter.

But by late afternoon, an executive with Panattoni Development LLC of Sacramento said his company had signed a contract to purchase the International Center at the southeast corner of Adamo Drive and 22nd Street. Financial terms were not disclosed.

``I know Wal-Mart is hot on the property,'' said Moses Salcido, Panattoni's senior development manager. ``But it has more potential than just putting a Wal-Mart store there.''

The company says it's looking into several development options for the land.

Wal-Mart officials said they were shocked at the sudden collapse of their plans.

Full article

[dexxtreme]

Wal-Mart officials said they were shocked at the sudden collapse of their plans.

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How dare someone actually put WalMart in their place...

[Brickell]

and there was much rejoicing!

[prahaboheme]

This is great news! It just proves that all of our efforts to resist Walmart payed off. I fully believe that all the emails that we here sent out had something to do with this decision, because clearly Walmart can outbid a smaller company for that prime spot. This is great news and we should continue to do this sort of thing in the future.

[GRS328]

Wal-Mart, the world's largest retailer and a company not used to being on the losing end of a deal...

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Actually, this seems to be happening to Wal-Mart quite a bit lately. They need not be so shocked when it continues to happen, either.... B)

[emt99]

This decision is GREAT for that area. It sure helps property values NOT to have the big W in there.

[hjack]

This decision is GREAT for that area. It sure helps property values NOT to have the big W in there.

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Why is everyone so happy when we don't even know what these new developers are planning? I mean, they're from California, it could be a super XXX video store and production studio for all we know.

hjack

[bobliocatt]

^The land cost too much to build an XXX video store. Besides, the article stated the land was sold to large company called Panattoni Development LLC of Sacramento, instead of Walmart. It also states that Panattoni is proposing a mix-use development consisting of light industry, retail and residential.

[teshadoh]

Very cool news - good for Tampa & the Ybor City area.