Downtown Development ForumDowntown Development Forum

‘‘2010 – Downtown Tampa’s New Decade’2010 – Downtown Tampa’s New Decade’

Residential Downtown UpdatesResidential Downtown Updates

Presented by Dave Traynor, CRBPresented by Dave Traynor, CRB

Director of Business DevelopmentDirector of Business Development

Number of Residences: 280

Number Sold: 50% under contract, closings to begin endof March

Avg $/Sq. Ft: 1 bed from $140’s2 bed from $200’s

Lending Avail: Yes, Fannie Mae

Owner: Cobalt Development

On-Site Brokerage: Cobalt Development

THE SLADE

Number of Residences: 380

Number Sold: SOLD OUT

Avg $/Sq. Ft: $265

Lending Avail: Yes, Fannie Mae, FHA, VA approved

Owner: Novare

On-Site Brokerage: Smith & Associates

SKYPOINT

Number of Residences: 257

Number Sold: 124

Avg $/Sq. Ft: $185

Lending Avail: Yes, In-housefinancing

Owner: In receivership

On-Site Brokerage: JMC Realty

TOWERS OF CHANNELSIDE

Number of Residences: 84

Number Sold: 64

Avg $/Sq. Ft: $150

Lending Avail: Yes, Fannie Mae, VA

Owner: Silverpoint

On-Site Brokerage: Toni Everett

VENTANA

Number of Residences: 138

Number Sold: 105

Avg $/Sq. Ft: Varies at $250-$507

Lending Avail: FNMA approved, no preferred lender

Owner: Patrinely Group

On-Site Brokerage: Patrinely Group

THE PLAZA

GRAND CENTRALAT KENNEDY

# Units: 392, 192 sold

# Rented: 200,all remaining units

$1.60/sf avg per month

RENTAL COMMUNITIES

THE PLACE

# Units: 245

Of units available to lease, only 10 left at

an average of $1.50/sf avg per

month

SEAPORT

# Units: 422

# Rented: Over 80%

$1.20/sf avg per month

ELEMENT

# Units: 395

# Rented: 237

$2.07/sf avg per month