Saturday, May 19, 2018
Business

Another apartment tower could join Channel District's building boom

TAMPA — The apartment-heavy Channel District could soon have a new neighbor, a 20-floor apartment tower planned for Kennedy Boulevard.

Two acres between 11th and 12th streets are now under contract by apartment developers who could begin construction by the end of the year, said NAI Tampa Bay managing director T. Sean Lance, who listed the property.

Lance would not name the buyers, but said he expected to close on the deal within a few months. The tower, across from the Grand Central at Kennedy condos, would hold 250 apartments.

The land is one of the last developable plots open in the district just east of downtown.

Rusted white warehouses on the site once used by the Amazon Hose & Rubber plant will be leveled, Lance said.

The land is now owned by Finergy, a Sarasota developer whose plans to build it into a 23-story condo tower were squashed by the bust.

The tower will join other apartment high-rises entering Channel District's construction boom, including the 24-story Martin at Meridian and the 23-floor SkyHouse Channelside.

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