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The Business Observer is the leading provider and most authoritative source of business and economic information affecting the Florida Gulf Coast from Tampa Bay to Naples.
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News
Work underway at Lee project that includes 600 apartments, 190-room hotel
2+ day, 16+ hour ago (165+ words) Construction is underway on the first phase of a new mixed-use development in Estero after the developers secured an $81.5 million construction loan. The unnamed development is at 23281 Lynden Drive, across from the Coconut Point mall. When complete, FRP Development Corp....
324-unit downtown Sarasota apartment complex proposal wins key approval
2+ week, 3+ day ago (588+ words) A proposal to develop an entire block along Fruitville Road in downtown Sarasota where a current bungalow village of small businesses now stands took another step forward with two adjustments unanimously approved by the Sarasota Planning Board. At its Aug....
Pasco County apartment complex under construction sells for $16 million
3+ week, 4+ day ago (224+ words) A 384-unit apartment community under construction in Wesley Chapel has sold to a North Carolina multifamily developer. The 19.44-acre Pasco County property at the southwest corner of State Road 56 and Meadow Pointe Boulevard was bought by the Aventon Cos. for…...
New 228-unit apartment community opens in Lakeland
3+ week, 5+ day ago (261+ words) A new 228-unit apartment complex has opened in Lakeland as developers look to meet growing demand for housing in fast-growing Polk County. Hillpointe, a Winter Park-based real estate development and investment firm, announced Monday the grand opening of Pointe Grand…...
Alabama developer, contractor bring 224 apartments to west Pasco
4+ mon, 1+ week ago (264+ words) Construction is underway on a new mixed-use, multifamily development in west Pasco County. Dobbins Group, based in Birmingham, Alabama, is the real estate investment and development firm behind Charleston Ridge Apartments, a 224-unit, 247,000-square-foot development in New Port Richey. At…...
After four years, $94M St. Pete affordable housing complex is underway
5+ mon, 2+ day ago (1101+ words) Key takeaway: Fairfield Avenue Apartments in St. Petersburg will be the first complex to benefit from a state law that allows affordable housing to be built on property zoned for non-residential use. Core challenge: The project experienced numerous delays, resulting…...
Investor buys St. Petersburg apartments
5+ mon, 3+ week ago (213+ words) Ram Realty Advisors, a Palm Beach Gardens real estate investment firm, has bought a St. Petersburg apartment community and plans to make upgrades. The property is Beacon 430, a 327-unit complex in the city’s downtown. Terms of the sale were not…...
Water Street office tower reaches 95% occupancy
6+ mon, 1+ week ago (222+ words) Water Street Tampa’s first office tower has landed two new leases, Strategic Property Partners, LLC announced Monday, bringing the building closer to full occupancy. Thousand & One, the 42-story, 360,000-square-foot office tower in the heart of Tampa’s Water Street district, now…...