Advertisement
  1. Business

Another new condo tower planned near Tampa's Bayshore Boulevard

Altura Bayshore, a 22-story condo tower planned for Bayshore Boulevard and Bay-to-Bay Boulevard in Tampa.  [Courtesy of Ronto Group]
Altura Bayshore, a 22-story condo tower planned for Bayshore Boulevard and Bay-to-Bay Boulevard in Tampa. [Courtesy of Ronto Group]
Published Jul. 17, 2019

TAMPA — After more than a decade with no new condo towers, Tampa's Bayshore Boulevard area could soon be flush with them.

A Naples-based developer today unveiled plans for Altura Bayshore, a 22-story tower at Bayshore and Bay to Bay boulevards. That brings to four the number of condo towers announced in the past few years for one of the city's prime waterfront areas.

"It's really exciting to see everything happening in Tampa,'' said Anthony Solomon, owner of Ronto Group. "It has great energy to it now and we think it's a great time to be here.''

Solomon said his company's project will be "a little different'' from other new towers in size and price. Units will average around 2,500 square feet and range from the "low millions'' to $2.9 million. That compares to larger units and top prices of around $5 million at Virage Bayshore, which is nearing completion, and the Sanctuary at Alexandra Place, where construction recently began.

READ MORE: Atop Tampa's new Virage Bayshore condo tower you can see (almost) forever

Instead of a private penthouse on the top floor as is planned for Virage and the Sanctuary, Altura will have a rooftop amenity deck with pool, bar, grills and cabanas available to all residents. Outdoor facilities at ground level will include pickle ball and bocce ball courts, a fenced dog park and a putting green.

"It's almost like what people find in a gated community in the 'burbs but we'll offer that downtown with a view,'' Solomon said. All 73 units will have front-to-back floor plans so residents can watch sunrises over Hillsborough Bay and sunsets over South Tampa.

Ronto Group, which has projects in Sarasota, Fort Myers, Naples and Marco Island, looked in the Tampa Bay area for 15 years before paying around $5 million last fall for what is now the parking lot of an office building. Solomon said he liked the site because of the proximity to both Bayshore and several restaurants.

"People are more and more looking for a maintenance-free lifestyle close to downtown with walkabilty,'' he said.

The property originally was zoned for 175 units and 220,000 square feet; Altura will have 184,000 square feet and fewer than half as many units. Ronto Group plans to open a sales office in September and break ground late next year, with construction expected to take about two years.

Solomon said he isn't worried about competition from Virage, the Sanctuary or Aquatica, another new Bayshore tower. Nor does he think Tampa's condo market is getting overbuilt like some in Florida where investors and foreign buyers are driving up prices.

READ MORE: 34-story condo tower planned for the heart of downtown Tampa

"The market (here) is not driven by flight capital or investment,'' he said. "We know who our buyers are — they're local people, retirees. They are buying because they live here and enjoy it. While everybody keeps a watch on what's happening, we don't see any precipitous shakeup.''

Contact Susan Taylor Martin at smartin@tampabay.com or (727) 893-8642. Follow @susanskate.

ALSO IN THIS SECTION

  1. Erica Allums poses for a portrait behind the counter at Banyan Cafe in St. Petersburg while she was still the owner. Now, she's in the process of taking over the MLK spot once again. [Times (2018)] [Tampa Bay Times]
    The Central Avenue location will continue to operate as normal.
  2. A for sale sign is seen in front of a home in the Westchase area of Tampa. CHRIS URSO  |  Times (2013)
    And a spike in cash sales suggests investors were active in the market.
  3. Florida's unemployment rate hit a record low in December. (AP Photo/Lynne Sladky, File) [LYNNE SLADKY  |  AP]
    Nearly every major job sector posted gains from a year earlier.
  4. A proposed bill in the Legislature would set a statewide referendum on whether to amend Florida's constitution to add a year to the period when home buyers can transfer their accumulated benefits under the Save Our Homes cap on property assessments to a new home. Pinellas County Property Appraiser Mike Twitty says going from two years to three would reduce the possibility that construction delays in a booming real estate market would prevent some buyers from meeting the deadline, costing them potentially thousands 
 of dollars in property tax savings. [SUSAN TAYLOR MARTIN | Times (2019)]
    The bill, the idea of Pinellas County Property Appraiser Mike Twitty, would give buyers another year to transfer their tax savings under Florida’s Save Our Homes assessment cap to a home they’ve...
  5. The Tampa Bay Times' headquarters in downtown St. Petersburg. [CHRIS URSO  |  Times]
    No customer information was compromised. The Times is removing the malicious code.
  6. Concentrix has told the state of Florida that it plans to lay off as many as 174 employees from one of the programs it has at the Interstate Corporate Center east of Tampa. This is the same call center hit with 245 layoffs announced in November. (Google street view photo) [Google Street View]
    In November, Concentrix, the California multinational company that runs the center, announced the layoffs of 245 employees.
  7. Loreen Spencer (left) and Sue Watts, the two newest members of HCI Group's board of directors. [HCI Group]
    “I just wish I had thought of this earlier,” the chairman and CEO said.
  8. Tampa-based WellCare Health Plans will become the headquarters for Medicare and pharmacy operations now that it has been acquired in a $17 billion cash and stock deal by Centene Corp., base in St. Louis. (Times files)
    New owner Centene said it “expects to maintain strong operations in Tampa,” which is anticipated to be the headquarters for its Medicare and pharmacy operations.
  9. A Publix chicken tender sub sandwich. Pub Subs are now easier to order through Instacart grocery deliveries. [CHRIS URSO   |   Times]
    New Instacart Meal program to make Pub Sub orders a breeze, according to the grocery delivery app.
  10. Johanna Santiago, 50, of Riverview, hopes to start selling her Joba Sofrito early this year. Santiago developed the product, a savory Puerto Rican cooking sauce, with help from the nonprofit Enterprising Latinas in Wimauma. [MARTHA ASENCIO RHINE  |  Times]
    Selling food and crafts, three women are among the dozens who turned to the organization for training in 2019.
Advertisement
Advertisement
Advertisement