We’re going to cover all the goings-on in the Tampa Bay area, and how Ready Stays is here for your month-to-month rental needs in Tampa.
The NFL expects suites at Super Bowl LV to be full, and have notified sponsors of the event. The Raymond James Stadium has 134 suites, and they’re among the most revenue-intensive tickets. The NFL has yet to make a decision on what capacity they’ll aim for, though it’s thought it will be around 20 percent of full capacity. The reduced capacity has been planned in the hopes of avoiding a change to the original date of the Super Bowl.
A developer from Alabama has purchased almost 20 acres of land in Pinellas Park and plans to build an apartment community there. The site is where the Golden Lantern Mobile Home Park was located before it closed in 2006. The developer, based in Birmingham, Alabama, paid $9.2 million in the sale. The project will involve the construction of 349 apartments, which are expected to be completed in 2021. The senior land adviser and managing broker for Land Advisors Organization Tampa Bay, Nancy Surak, said that the development will “deliver much-needed new, high-quality, housing in the heart of Pinellas Park.” Surak also represented the seller in the deal, Huntley Properties LLC.
Other construction projects throughout the Tampa Bay area continue to plough on, despite the coronavirus pandemic. Developments from office buildings to condos continue to make great progress. Governor Ron DeSantis previously designated construction an essential industry, and as such, the majority of construction projects didn’t stop or slow down in an effort to slow the spread of the virus. In downtown Tampa, multi-family towers continue to rise, as well as a new hotel, and luxury condos on Bayshore Boulevard and the waterfront.
A Central Florida developer has completed what it says is the largest industrial portfolio sale in the Southeast this year. Six warehouses in Florida, Georgia and North Carolina, which are a total of 3.5 million square feet, were sold to Nuveen Global Investments for $272 million. A partnership between McCraney Property Co., of West Palm Beach, and Northwestern Mutual was responsible for the sale. As more of us are making the move to online shopping during the pandemic, interest in the industrial real estate market has grown.
An economist has forecast that Tampa Bay will fare better than other parts of Florida during the predicted economic slump due at the end of the year. As the Covid-19 pandemic continues, Florida’s tourism industry is suffering, but a Wells Fargo economist believes Tampa will come out of it in better shape than cities like Orlando or Miami, which rely far more heavily on international tourists to boost the local economy. The rate of unemployment was also not as bad as other areas of the country, due to the fact that the many retirees in the area stayed local during the summer months, as well as those newly retired individuals who decided to move to Florida earlier than originally planned.
While the pandemic shows no signs of slowing down, Tampa can at least enjoy continued progress in the construction industry. If you’re moving to the area to work on one of the dozens of projects and need somewhere to stay, look no further than Ready Stays. Whether you’d like to stay in one of our beautifully decorated apartments until you find a permanent residence, or stay with us on a more long-term basis, we can accommodate your needs and offer everything you require to enjoy a comfortable stay.
In your home away from home, you’ll have access to a bed, wardrobes and dressers, dining table and chairs, couches, mirrors and more, as well as WiFi, cable television, and all utilities. Located throughout Tampa Bay, you’ll be able to get to where you need to be easily.
