Encore, the master-planned community in downtown Tampa will now have the influence of Dr. Kiran Patel, a philanthropist and real estate developer. An entity that is linked to Patel purchased Lots 5 and 12 in Encore (see above aerial map for reference) in a deal that closed in late January. Encore is a public-private partnership between Tampa Housing Authority and Banc of America Redevelopment Corp, and includes affordable and market-rate residential units.

In late 2022, Dr. Patel filed plans with the city for Lot 5 that lay out 213 micro condos, as well as 19,000 square feet of retail space. The condo project will include among the first attainable for-sale housing in the downtown core. Micro-Units are defined differently between developers and markets, but typically they are under 500 square feet. All remaining lots in the Encore District are under contract and Tampa Housing Authority expects it to be fully built in the next 3 years. 

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