This property provides numerous development options. Located in the central business district with (CBD-1) zoning, a developer by right could construct HOTEL, COMMERCIAL OFFICE, AND/OR MULTI-RESIDENTIAL to name a few. Concept drawings for Multi-Residential, Commercial Office, Hotel, Coffee Shop, and Mixed Use Live Work Concept available upon request. The zoning allows development up to 120' in height with very minimal setback requirements. Parking can either be located on site, or remotely on a nearby property. The adjacent property, which is owned by the Department of Transportation, recently was leased by the City of Tampa who executed a 25 year lease agreement and will soon begin construction of a 300+ space surface parking lot. The City of Tampa has confirmed that establishing a lease agreement with an adjacent property to fulfill parking requirements for any development on this site is permitted. This means instead of incurring cost to construct on site parking, you can maximize your development density on this site and simply lease spaces. The property has easy access to the interstate located just North of Downtown Tampa adjacent to Perry Harvey Park. In addition, Encore, a $425 million 40 acre mixed use development that includes multi-residential, commercial office, hotel, retail and restaurants is now close to 50% complete. Recent Tampa News Article indicates a residential tower, hotel, grocery and 3 other retailers may be forthcoming as well. Article available upon request.
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