High-Rise Is Ready For Takeoff
Coming to Tampa, a high rise condominium community developed by award-winning Novare Group and Tampa's Intown Group.
The condo tower will replace an aging parking garage, and will be the first large scale residential development in Tampa in many decades. While primarily residential, the tower will feature ground level retail and parking. Prices are expected to start at $170,000 - a lower base price than most other high rise condo projects in Tampa. Construction is expected to begin in early 2005.
For the past two years, talks about turning Tampa into a bustling residential community. Now blueprint for a project believes could make it happen. plans to develop 400 high-rise condominium homes. They're buying the land which has a parking lot and garage on the property next to its headquarters. Construction on the 31-story building is scheduled to begin in 2005 and finish by the end of 2006.
The one- and two-bedroom homes, with price tags starting at $170,000, should appeal to first-time home buyers in the 25-to-40 age range They will feature granite counter tops, 10-foot ceilings, floor-to-ceiling glass walls, reserved parking and upscale fitness and community centers. The building will have more than 12,000 square feet of street-level retail space.
It's the first major residential project on the north end, where city leaders are trying to encourage a cultural arts district. The condos will be within miinutes the Tampa Bay Performing Arts Center and Tampa Theatre.
The downtown area is still sleepy, he said, but his company is impressed with city leaders' efforts to wake it up. "They're starting to do the right things to make that happen," and. "We want to be a part of it."
the project as a springboard to entice people to call it there home. "It's in a price range that's going to appeal to a lot of younger buyers," with concerned about the high prices of homes slated for the Channel District. There, condominiums start at $250,000 and climb past $1-million.
"It's whatever the market will bear,"."
new condominium tower for Tampa. Will be built on the parking deck and surface parking lot The 31-story tower with 390 condominium units, with prices and amenities geared toward first-time home buyers in their 20s and 30s.
plans for the condominium tower still are being hashed out, and that the number of floors or units may change.
construction break ground early next year in order to have the tower ready for residents by the end of 2006,
Prices are expected to range from $170,000 to $240,000 for one-bedroom units, and from $260,000 to $330,000 for two- bedroom units, Long said.
The project joins at least five other condominium buildings in the works for Tampa. Most developers have focused their attention at the nascent Channel District near the Florida Aquarium and not the central business district. Three major high-rise condominium projects, each with two towers, are planned for tampa.
Tampa's is one of the next great cities that met our criteria,'' citing the area's job growth, population growth, housing prices and demographics.
what the condominium tower will cost to develop, are still being revised and changed.
As tenants begin moving into there new condominiums, there preference is to stay here in tampa.
Donald Trump's plan for luxurious condominiums may be the talk of the town, but it's the 32-story SkyPoint development that is on track to break ground soon.
If all goes as planned, construction will begin in April - making it the first residential high-rise in central business district.
Gregory Minder, of Novare- Intown Tampa Development LLC, said Wednesday that the company is close to obtaining the project's $80 million in financing and plans to open a marketing office March 5.
Intowngroup of Tampa is working with the Atlanta- based Novare Group to build the condominiums. Minder said he hopes to attract 25- to 40-year-old professionals looking to live in an urban environment. Many of these units, he said, will offer an alternative for those who cannot afford the high-end homes planned for the area.
``The top end of our product is where some others begin,
Company officials have kept the details quiet until now, but there has been increasing speculation about what is planned for the site, which is surrounded by a plywood fence. The parking structure was demolished last month and the property is being prepped for construction.
The 381 units would be one- and two- bedrooms, priced from about $170,000 to more than $400,000, Minder said. the proposed new Tampa Museum of Art, would play off the cultural environment planned for the area.
Residents would be able to view and choose their favorite paintings from a virtual gallery in the lobby. The selections would be encoded in their access key. When the key is swiped at the front door, plasma screens in the lobby would display their art.
When the key was swiped to enter the elevator - which would take residents to their floor only - the television in the elevator would change to the station of their choice. The selections would remain for five minutes before the next resident's selections appear.
``The same technology that makes this a safe building is used to make it fun,
The units generally would range from 745 to 1,310 square feet. The average condominium would be 900 square feet but won't feel small, Minder said, because of 10-foot ceilings and floor-to-ceiling glass windows.
A pair of two-story penthouses also are planned for the top of the building.
SkyPoint amenities would include a 24-hour concierge, a covered parking garage, a pool, fitness center and a common kitchen for entertaining. The interior of the units would feature wood floors and granite countertops.
The ground floor would feature 10,000 square feet of storefronts and restaurant space.
SkyPoint is one of four high- rise condominium projects planned for the business district. In nearby areas, 24 condominium projects of varying sizes are either in construction or proposed for the Channel District, Harbour Island and Bayshore Boulevard.
The majority of the units at SkyPoint would range from $200,000 to more than $1 million. By contrast, units at the planned 52-story Trump Tower Tampa start at $700,000 and run to more than $6 million.
Intowngroup also is involved in the Meridian condominium development under construction. The Condominium developments typically take reservations on units before construction begins,
Standard Features in Every Unit:...................Community Features and Amenities:
- State of the art fitness with aerobic
- Elevated outdoor terrace with BBQ areas
- Outdoor Pool with sundeck
- Poolside clubroom with Plasma TVs, Free internet, and kitchen for entertaining
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