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Skanska Lands Contract to Renovate TPA Main Terminal

2 Jul 2015, 10:26 am

By Balazs Szekely, Associate Editor

Rendering of the redeveloped Tampa International AirportAlthough already busy with the redevelopment of the Tampa International Airport, Skanska shed new light on the multi-phase project in a recent news release. The construction group has signed a supplemental contract to renovate and expand the Main Terminal. The agreement is worth $60 million, which will be included in order bookings for Skanska USA Building Inc.—one of Skanska’s four US business units—for the second quarter of 2015.

The three-phase final plan designed to update and expand the 3,300-acre campus was approved back in 2013, and the contractor began preliminary field work in December 2014. Tampa International Airport’s governing board approved a concessions redevelopment plan this June and, according to the news release, the renovation is set to begin in July. When completed in November 2017, the project will add nearly 54,000 square feet to the terminal’s third-floor transfer level, with about 15,000 square feet of indoor public seating and large outdoor terraces.

According to the airport’s official website, a total of 65 new retail spaces will be created for shops, restaurants, convenience kiosks and bars. The redevelopment program aims to bring a local character to the airport, which means that some of Tampa Bay’s top local brands will be represented in the concessions lineup.

Image courtesy of Skanska

Pulte Strikes Again in the Lightning Capital

26 Jun 2015, 3:52 pm

By Balazs Szekely, Associate Editor

Starling Oaks home design

Two story home design at Starling Oaks

Pulte Homes is preparing a brand new multifamily community in the Riverview suburb, south of Tampa, FL. Starling Oaks will be the fifth Pulte neighborhood in the Tampa Bay Area and joins a portfolio of more than 30 residential properties in the Sunshine State.

Located off Boyette and Balm Riverview Roads, the development site is directly opposite Riverview High School, in an A-rated school district less than 30 minutes from Downtown Tampa. Shopping and employment centers such as Boyette Executive Center, the Goolsby Pointe Shopping Center and the Riverview Town Center are also in abundance in the immediate surroundings of the property.

The developer plans to create a gated community with 48 home sites, mature landscaping and water views. The one- and two-story energy efficient homes will be available in five different four-bedroom designs ranging from 2,400 to over 4,100 square feet of living area and up to four bathrooms. Each home will include a garage for three vehicles.

The grand opening event of Starling Oaks is to be expected this October.


Rendering courtesy of Pulte Homes

Major Facelift Afoot at USF-Area Mall

24 Jun 2015, 1:21 pm

By Balazs Szekely, Associate Editor

Rendering of the new entry at the University Mall in Tampa

Rendering of the new entry at the University Mall in Tampa

A major redevelopment project will soon transform the mall near University of South Florida. The upcoming series of changes and renovations at University Mall should kick off as soon as the first quarter of next year, according to an official announcement by CBRE. Owner RD Management, LLC hired S9 as the architect in charge of the multi-phase renovation. S9 is an affiliate of New York-based Perkins Eastman Architects.

The makeover will include the demolition of an existing common area in order to free up space for a new lifestyle addition, as well as the addition of several open-air seating areas and other outdoor improvements. The first phase, however, will only affect the mall’s western wing for the most part, transforming approximately 246,500 square feet of retail space. Three new anchor stores and two freestanding restaurants will be added during this stage.

University Mall is currently occupied by north of 120 tenants including Macys, Sears, Burlington Coat Factory and Dillard’s. Studio Movie Grill, a dine-in movie theater, was the first major tenant to join the list after the current owner acquired the retail complex in 2014. Prior to the acquisition, the property underwent an $11 million interior and exterior renovation in 2008.

Image courtesy of RD Management

Decent Sum Surfs into St. Pete Beachfront Resort

23 Jun 2015, 9:50 am

By Balazs Szekely, Associate Editor

Postcard Inn, St. Petersburg Beach, FloridaA 196-room boutique resort hotel in St. Petersburg Beach has recently received a generous financing, shortly after it changed hands. According to data from Property Shark, the current owner purchased the hotel from St Pete Partners, LLC for $32.5 million in early 2015. The new owner plans to reposition the hotel as a premier beachfront destination.

Senior Managing Director Dan Peek, Associate Director Scott Wadler, Director Max Comess and Analyst Preston Reid of HFF’s Miami and Tampa offices led the debt placement team that represented the borrower, CRP 6300 Gulf, LLC, and secured an amount of $26.128 million in post-acquisition financing. The five-year, floating-rate loan was provided by BankUnited and loan proceeds will be used to finance the property following its purchase and renovation.

Originally constructed in 1935 on an 8.5-acre oceanfront parcel at 6300 Gulf Blvd., the hotel went through a series of renovations in 2009 when it obtained its  surfing-inspired character and became the boutique hotel now known as the Postcard Inn. The hotel’s list of amenities includes a junior Olympic-sized swimming pool, as well as over 16,000 square feet of indoor and outdoor function space, two fitness centers and three on-site restaurants. The site also features a retail strip center sitting on 1.17 acres of land. The retail asset  will be converted into additional meeting space.

Image source: postcardinn.com (archive)

Senior Community Breaks Ground in University Mall Area

18 Jun 2015, 2:14 pm

By Balazs Szekely, Associate Editor

Haley Park Apartments senior living - Tampa FL

Haley Park Apartments senior living – Tampa FL

A new senior housing community will soon open in a residential neighborhood near the University Mall in Tampa. Haley Park Apartments is underway on a previously undeveloped plot at the corner of East 131st Ave. and North 15th St. with construction scheduled for completion in May next year. The three-story development will feature 80 units, and the list of outdoor amenities includes a swimming pool, gathering areas with benches, a gazebo and a dog park.

Roger B. Kennedy, Inc., an Altamonte Springs-based construction firm specializing in multifamily, hospitality, commercial and healthcare developments is the construction manager in charge. The company’s portfolio encompasses apartments, condominiums, student housing, hotels, timeshare resorts, medical and office buildings, sports facilities, and more. A limited partnership affiliated with the family-owned construction business, NVC Haley Park, Ltd is listed as the developer and the owner of the project.

According to an official press release announcing the groundbreaking, the $8.7 million senior housing facility was designed by Tampa-based BDG Architects. The community will be operated by Wendover Housing Partners, LLC.

Photo credits: Roger B. Kennedy, Inc.

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