Tampa’s Encore Project Has Area #CRE Industry Looking Forward
Wedged in a blighted area between Downtown and Ybor City area commercial real estate and city officials are ecstatic about what the project can do for the area.
The city of Tampa was notified by the U.S. Department of Housing and Urban Development that it will receive $38 million in federal funding from the American Recovery and Reinvestment Act to build a shovel-ready project between downtown Tampa and Ybor City on the site of the former Central Park Village apartments….more from Florida Real Estate Journal.
Encore is a 30-acre urban redevelopment project that has been in the development process for more than four years.
Encore is touted as a self-contained community with plans for grocery, retail, housing, entertainment and housing. The area will be within walking distance of the planned station for the high speed rail project. Check out the website if you want to learn more.
Bringing an additional 1,700 residents into Downtown Tampa will be a fantastic growth engine for our local economy. Not only will this be walking distance to the proposed high speed rail station, but on the streetcar line. Residents of this community may go days or weeks without getting into their cars.
David
I agree, I would love to see more people coming into Tampa and truly see this City thrive. Hopefully this will help the job market as well.
I think everyone is excited. We just need to find the anchors that will make it happen. I know there have been talks with the large grocery chains and from a demographic standpoint, it seems to be a fit. Someone just has to make the first move. Hopefully, more activity in the Core will help us fill empty condos in the Channelside and Midtown submarkets.