Make us your home page
Instagram

Hyde Park Village asks for patience as it seeks new tenants

The three-day Chalk Walk Festival is March 14-16 at Hyde Park Village.

Times (2012)

The three-day Chalk Walk Festival is March 14-16 at Hyde Park Village.

HYDE PARK — The new owners of Hyde Park Village are asking for patience as they try to resuscitate the high-end retail complex in the heart of historic Hyde Park.

"Vacancy is never good for anybody," vice president of development Lou Masiello told a group of homeowners and preservationists at a recent breakfast gathering. "Not the landlord, not the city, the public or the other tenants."

Masiello said the company is still in the process of "self-educating," but it's beginning to strategically identify "small stores that want a flagship location, not a small version of the mall."

The center at Swann and Rome avenues opened in 1985 as one of the first mixed-use projects in the country to revive a decades-old concept of combining stores, offices and housing in a town square setting. It thrived for years but started to lose tenants with the opening of International Plaza in Tampa and competition from other retail centers.

Tenants are carefully cultivated, and throwing out potential names would be disrespectful, Masiello said. Acknowledging the audience's years of impatience with previous owner Vornado Realty, he noted it's just had five months under their ownership.

"There's something very special about Hyde Park Village," he said. "We're not going to lurch."

Other than promises of long-term stewardship, listeners learned few specifics from the Massachusetts firm that paid $45 million for the property in September 2013. With a 20 million-square-foot portfolio, WS Development is among the largest privately owned retail developers in the country.

One of the changes shoppers can look for: renovation or demolition of the W Snow Avenue block opposite Tommy Bahama. Masiello said that part of the village contains serious structural issues and a decision to tear down or renovate will be made in weeks.

He didn't rule out a hotel tenant but noted that the company's purview doesn't normally involve lodging.

Masiello said the company retained the management staff for continuity purposes and hired Atlanta architecture firm Smith Dalia, known for its work on the Oxford Exchange, and Tampa firm api(+) as consultants.

The company also will continue to hold community events, such as this weekend's Chalk Walk Festival, at the village, and some will be adapted at their other 85 properties.

The meeting ended on an optimistic note.

"Nothing but positives," resident Suzanne Cooper said.

"Just don't get rid of the fountain," resident Mary Lou Bailey said.

Amy Scherzer can be reached at ascherzer@tampabay.com.

.If you go

Arts group to host chalk walk at Village

The Tampa Bay Businesses For Culture and Arts will host the three-day Chalk Walk Festival beginning today at Hyde Park Village.

The event runs from 4 to 7 p.m. today, 10 a.m. to 6 p.m. Saturday and 10 a.m. to 3 p.m. Sunday.

More than 40 chalk and plein air artists will cover village sidewalks with original works of art and compete for $3,000 in cash prizes.

Organizers bill the event as family-friendly entertainment, noting that it includes entertainment, food trucks, craft beer and wine, children's activities and a strolling artist gallery.

Entertainment for the St. Patrick's Day weekend includes Paddy O'Furniture tonight from 5 to 7, Ted Wray from 4 to 6 p.m. on Saturday and the Grey Beard Band from 10 a.m. to noon on Sunday.

Hyde Park Village asks for patience as it seeks new tenants 03/12/14 [Last modified: Wednesday, March 12, 2014 3:57pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Nearly 1 in 4 Tampa Bay homeowners considered equity rich

    Real Estate

    If your home is worth at least 50 percent more than you owe, you're rich — equity rich that is.

    About one in four Tampa Bay homeowners are considered "equity rich." [Associated Press file photo]
  2. The FHP trooper behind quota on speeding tickets will retire Sept. 5

    State Roundup

    TALLAHASSEE — A Florida Highway Patrol official's call for troopers to meet ticket quotas has cost him his job.

    Major Mark D. Welch, Troop Commander of Troop H, wrote an email asking his employees that he wants them to write two citations each hour. "This is not a quota," he wrote. His resignation is effective Sept. 5. [Florida Highway Patrol]
  3. Trump shuts down CEO advisory councils as main group acts to disband

    Business

    President Donald Trump's main council of top corporate leaders disbanded on Wednesday following the president's controversial remarks in which he equated white nationalist hate groups with the protesters opposing them. Soon after, the president announced on Twitter that he would end his executive councils, "rather than …

    President Donald Trump meets with Merck's chief executive, Kenneth Frazier, second from left, and other leaders of the pharmaceutical industry in the Roosevelt Room of the White House last January. On Wednesday, Trump's main council of top corporate leaders disbanded following the president's controversial remarks in which he equated white nationalist hate groups with the protesters opposing them.
[New York Times file photo]
  4. A long-awaited vision for Tampa's Westshore Marina District

    Real Estate

    TAMPA —Eleven years after plans to develop a waterfront tract on the Tampa side of the Gandy Bridge were first announced, a new rendering gives a hint of what Westshore Marina District ultimately will look like.

    Rendering of Marina Pointe, a condo project overlooking Tampa Bay as part of the Westshore Marina District. [Courtesy of Masterfile Corp.}
  5. Buddy Brew Coffee to open downtown Tampa location

    Business

    TAMPA — Buddy Brew Coffee plans to open a new location in downtown Tampa at Park Tower in early 2018. The specialty coffee craft roaster, which was founded in 2010, has five other locations throughout Tampa including the Oxford Exchange, Sarasota, Hyde Park Village and Terminal F inside the Tampa International …

    A cappuccino is displayed at Buddy Brew in Tampa in January 2017. [CHARLIE KAIJO | Times]