After more than a year and a half of redevelopment proposals, an office park in South Tampa’s Beach Park neighborhood has sold for $16 million, clearing the way for the construction of an 87-townhome community.
The Mariner Square office park at 200 S Hoover Blvd. sold to a Tampa real estate investor on Wednesday, according to Hillsborough County records — about six weeks after the city approved rezoning for the proposed project, dubbed Beach Park Townhomes.
It’s a vastly scaled-back alternative to another project proposed in February 2021 that would have built 392 apartments and 16 townhomes on the 5.4-acre property, which sits just south of Interstate 275 between WestShore Plaza and the bay. That drew the ire of a community group called Save Beach Park and was ultimately withdrawn just before it went to City Council.
The site’s seller, Wisco 7 LLC, in May submitted a new proposal that would bring 87 townhomes ranging in size from 1,848 square feet to 3,609 square feet. The city approved that plan in August, clearing the way for the sale.
The buyer is a limited liability company tied to Daniel Ochstein, a Tampa investor and entrepreneur who in 2019 sold his window manufacturing and installation company for $92 million. Tampa developers Wolf Partners, whose portfolio of developments includes townhomes in Hyde Park and Tampa Heights, are leading the project with Ochstein.
“It has so much potential with its proximity to the water,” Wolf Partners co-founder and principal Adam Wolf said. “There’s obviously not much of that left in South Tampa. Our vision for that was to balance what the density of that area wants to be versus what the neighborhood needs, and that’s why we worked so closely with them to find out what’s the right fit.”
Beach Park Homeowners Association president Ron Sparks called the new project “a very collaborative process.”
“Wolf Partners was willing to listen to our concerns and to address those concerns in their project design,” Sparks said. “This project is a good example of how a developer and the adjacent residential community should work together on a project.”
Wolf Partners co-founder and principal Josh Nicholson, who grew up a few blocks from the site, said he expects the project will break ground late next spring.
“It’s such a great neighborhood,” Nicholson said. “Beach Park is one of a kind in South Tampa, and we’re excited we get the chance to add to the character there.”