No, the revitalization of downtown Tampa is not unfolding according to script. The Florida- and Tampa Bay-bludgeoning recession took care of that scenario.
But, still, Riverwalk momentum has been maintained and museums and a true “gathering-place” park have come on board. Restaurants are no longer a rarity. The Floridan may actually be opening for business soon, the Encore project is proceeding apace, and USF’s Center for Advanced Medical Learning and Simulation is under construction.
And the Towers of Channelside have sold out–even if real-estate flippers took a bath. Too bad, but at least people will be living there–and that’s what really makes a downtown area. Residents–not residential units and amenities.
And finally some movement on the erstwhile Trump Tower, Tampa’s prime waterfront eyesore lot. The property has gone from notorious, foreclosed condo to encouraging new-owner scenario. Brownstone Tampa Partners has long-term, mixed-use plans and legitimate deep pockets. DeBartolo Development, LLC is one of the partners.
No, it won’t change Tampa’s skyline any time soon, although there are immediate plans to complete the Riverwalk along the site. And, yes, it is a vote of confidence by business people who not only recognize a bargain–but know the market. And if you want a billionaire involved for financial heft and credibility, this one is a major upgrade.