Miami Developer purchases, set to develop 6 acres on prime Downtown Tampa waterfront property.
Tampa's newest neighborhood is set to break ground at the end of 2023
Back in July, Miami developer Related Group purchased 6 acres on the west bank of the Hillsborough River for $55.5 million. According to the Tampa Bay Business Journal, the following parcels were included in the purchase:
- 102 S. Parker St., 2.19 acres
- 101 S. Parker St., 1.83 acres
- 108 Cedar Ave., 1.75 acres
- 110 Kellar Ave., 0.53 acres
Related Group has proposed the site include 1,079 residential units with 32,760 SF of retail space, along with 10 boat slips. The Riverfront District will be Tampa’s newest neighborhood, and it is expected to break ground during the third quarter of 2023. The head of Related Groups market-rate rental division, Steve Patterson said in a statement “Our vision is to create a landmark residential destination including a high street lined with shops, restaurants, and entertainment venues. The residential component is comprised of four separate buildings that will offer a wide range of unit sizes, features, and price points, from student housing to luxury condominiums.”
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