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Tampa: Urban Developers Reveal Housing Plans

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Mar 18, 2004

Urban Developers Reveal Housing Plans

By JANIS D. FROELICH

[email protected]

CHANNEL DISTRICT - The two largest residential projects in the district are firming up plans, each releasing their latest architectural renderings.

Grand Central at Kennedy recently razed an assortment of run-down warehouses to begin preconstruction sales. And Seaport Town Centre will seek city council approval today for its land purchase.

The Channel District has emerged as the leading area for urban development. Its three main streets in a former warehouse neighborhood near the Port of Tampa are slated for a dozen residential projects.

Here's an update on two:

Grand Central At Kennedy

Billed as the first fully integrated urban Main Street, Grand Central plans 60,000 square feet of office space, 127,000 square feet of retail, plus a 2,000-square-foot art gallery and a 4,500-square- foot theater. About 370 condominium units are planned, down from the original 500 announced to make room for more commercial space, co- developer Ken Stoltenberg said.

Grand Central features a 14- story building connected to another 12-story building where there are plans for a rooftop swimming pool.

A model two-bedroom loft will open in April on the 4.35- acre site between Kennedy Boulevard and Madison Street.

The project backs up to the Kennedy Boulevard viaduct, which the Tampa-Hillsborough County Expressway Authority plans to remove in the summer of 2005 as part of the Meridian Street gateway project.

Wearing a Grand Central ball cap, Mark Huey, the city's economic development administrator, told a small crowd recently that he's a fan of the Mercury Advisors development.

``I'm excited about this vision of combining retail, residential and the arts. This sets a standard in the neighborhood and hopefully will be a a catalyst for future development,'' he said.

Grand Central doesn't require tax dollars, Huey said.

Frank Bombeeck, Stoltenberg's partner, said the project is looking at numerous possibilities for a grocery store.

``This is the location to be,'' he said. ``People who live here will need a grocery store, as well as those in Ybor City and downtown.''

Occupancy is slated for late 2005 or early 2006. For information, visit the Web site notthesuburbs.com

8grand_central_at_kennedy_elevation_1.jpg

(Grand Central rendering from Smiley on SSC)

Seaport Town Centre

This mostly rental development may take as long as 2 1/2 years to complete, said Doug Weber, president of developer Synergy Properties Inc.

Tampa City Council today will consider the $5.5-plus million Synergy has offered to pay for the 7.5 acres of city-owned property known as the 12th Street Yard. It is where traffic signs and lights were stored.

Synergy plans a five-story complex with 404 residential units facing Twiggs Street. More adjustments will be made to the architectural rendering because the city suggested all parking be hidden from view.

Rents are estimated at $990 for a one-bedroom to $1,700 for a three-bedroom, Weber told the February Channel District Council meeting.

Weber said another 40 units on the east side of 12th Street will be sold as condominiums.

Two swimming pools will be available for residents. About 11,000 square feet of retail will include a 3,000-square-foot exercise facility and facilities such as a bank, dry cleaner and gourmet food shop, Weber said.

Thirty days after the city council approves the land sale, Weber expects to begin an environmental clean up of the property, which should take about a year.

For information, visit www.synergyproperties.com.

SeaportRendering.jpg

Seaport Town Centre rendering

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