Seaport Town Centre
This mostly rental development may take as long as 2 1/2 years to complete
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 the 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 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's Seaport Town Center won't break ground until next year, and his 200-plus units mostly will be rentals. But he thinks the more success other developers have in the area, the better his chances to charge upscale rent, close to what neighboring Harbour Island gets.
``These pre-sales are important,'' he said of the 12 projects in various stages of development in the Channel District. ``They offer a real glimpse of what the market dictates as far as sale and rental prices.''
Weber said The Towers hit its price point, with most units selling for $275,000 to $375,000.
``Now they're probably wishing they had charged more,'' he said.
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