South Tampa office park sells, townhomes planned in its place

cliggittvaluation • Oct 11, 2022

Townhomes to replace The Mariner Square Office Park

Located at 200 S Hoover Blvd, The Mariner Square office park sold for $16 million on September 14th to a Tampa Real Estate Investor. This sale comes just 6 weeks after the city approved for rezoning the property for the proposed Beach Park Townhomes project. The buyer is a LLC (DODO Investments LLC) tied to Daniel Ochstein, who sold his window manufacturing and installation company in 2019 for $92 million. 

Back in February 2021, another proposed project for the site would have seen 392 apartments and 16 townhomes on the site. The proposed project raised concerns from the community, and the proposal was withdrawn prior to going to City Council. In May, property seller Wisco 7 LLC submitted the proposal that would allow 87 townhomes to be developed on the site, and with the plan being approved in August the site was cleared for sale. The site has a vast history of development attempts, as developers have to reach an agreement with the Park Beach HOA prior to development. With the townhome proposal, the site buyer has met with the HOA and properly addressed concerns for future development. Ochstein will be partnering with Wolf Partners to lead the project, and the project is expected to break ground next spring. The above rendering provided by Wolf Partners shows the vision for the site.

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