Proposed 75-story towers would vault Tampa into top tier of skyscraper cities


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If nothing else, Port Tampa Bay’s vision for the Channel District is notable for its literally lofty ambition. A rendering of the $1.5 billion project released last week shows two 75-story towers soaring above the waterfront area that the port hopes to redevelop over 15 years. Towers that tall would vault Tampa into the ranks of such sky-scraping cities as…

Economist says millennials will determine future of housing market

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The chief economist of Fannie Mae, the national mortgage giant, came to town this week with a mixed bag of news about the housing market. Among the positives: Even if the Federal Reserve raises interest rates in September, rates on mortgage loans are likely to remain low for several more months, economist Douglas Duncan said. Home sales are expected to…

Study: Property values increase in areas where Trader Joe’s locates

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In addition to triple ginger snaps, orange chicken and wild mushroom & black truffle flatbread, here’s another reason to like Trader Joe’s: It might drive up property values. Both nationally and in the Tampa Bay area, homes near Trader Joe’s markets have shown a greater increase in value from time of purchase than homes near the stores of rival chain…

House flipping still paying off in Tampa Bay, though inventory shrinking

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Last fall, Tampa-based Badger Investments paid $86,100 for a bank-owned house in St. Petersburg that was showing its age. Out went the wall-to-wall carpeting and the window air conditioner. In came granite countertops and stainless steel appliances. Badger put the house back on the market and sold it in May for $149,000 — a 73 percent gross profit. But those…

New York style brownstones planned for downtown St. Petersburg

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Five high-end, New York-style brownstones are now planned for the downtown St. Petersburg site where a 16-story luxury condo tower once was proposed. Frank Menna, who owns the vacant lot on First Street N and Fourth Avenue, said Wednesday that the new project is a joint venture with hotel and restaurant owner Steve Gianfilippo. “I had the high-rise thing going…

Why some Tampa Bay homes sit on the market for years

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As nearby properties changed hands, the Odessa house sat unsold through two presidential elections, a recession, a recovery and enough celebrity gossip to fill seven years of People magazine. Finally, after 2,552 days with no buyer in sight, the listing expired in January. “It’s a very pretty house,” real estate agent Robert Romano said, “but I’m letting it sleep for…