Tampa Hillsborough Expressway Authority to decide what to do with Tampa real estate assets

cliggittvaluation • Nov 23, 2022

In late October the Tampa Hillsborough Expressway Authority (THEA) requested advisory services of a real estate firm to prepare for possible development or sale of downtown Tampa property. Back in May, Gregory Slater, CEO of THEA laid out his vision for downtown Tampa. Slater’s focus is on the safety of bikers and walkers in the downtown core. Slater would like to see more places where people can gather like Armature Works. THEA was investigating its greenway network to determine if expanding access would be possible. Food trucks, public parks, and even pickleball courts were in mind for spaces THEA owns and operates downtown. It is even a possibility that the Selmon Greenway would connect with a pedestrian/cyclist path that Darryl Shaw has been envisioning for Gas Worx. 

THEA owns around 11 acres downtown and with the removal of railroad tracks that lead to the now demolished old Ardent Mills flour mill, more space will open for use since THEA owns the unused tracks. Priority will be given to firms that have experience with executing project plans, financial analysis, market feasibility studies, and if THEA sold any of its property the firm would possibly advise with negotiation and transaction. Because more and more people are moving downtown to live, work, and entertain, a focus on pedestrian safety and bringing people together with the space THEA owns is a priority for Slater.

Thanks for your interest. For more information on the Tampa market, or if you have questions regarding appraisal & valuation services call or email Mike Cliggitt, MAI, MRICS, CCIM!

Mike Cliggitt, MAI, MRICS, CCIM

813-405-1705 - Direct Line

findvalue@cliggitt.com

Tampa Advisor & Analyst

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