TEMPLE TERRACE — A company that wants to build a bank, retail building and two restaurants in the Downtown Temple Terrace redevelopment area received the highest ranking by a committee reviewing bids to buy city-owned property there.
A hospital's bid to put a stand-alone emergency department on the same southeast corner of Bullard Parkway and 56th Street ranked second, and another bank plan ranked third.
But the City Council this week seemed inclined to accept none of the bids and ask its real estate broker, Cushman & Wakefield, to see what it can put together, possibly with some of the seven companies that submitted a bid along with others that did not. Council members sitting as the city's community redevelopment agency will discuss the matter further at a special meeting Tuesday (June 27).
Belleair Development LLC, which proposes buying 2.85 acres on the corner of Bullard Parkway and 56th Street for nearly $1.8 million, was ranked the best bid, redevelopment director Marty Hudson told council members this week.
Ranking second was Florida Hospital's offer of $2.3 million for the three acres. A separate medical arts building is planned next to the emergency department.
And coming in third was the offer from SunCoast Retail Developers, Inc. to buy about 3/4ths acre on the same corner for $1.3 million. A bank branch with a drive-thru would go there.
The committee, made up of city residents, business owners and executives from Cushman & Wakefield, gave the lowest rankings to a foundation that wants to build a senior living community on 20 acres; and a church, which wants to buy 2.06 acres.
The middle rankings — fourth and fifth — went to a firm that proposes several apartment buildings with about 50,000 square feet of retail space; and another that wants to build 125 affording housing units with 24,000 square feet of retail space.
An eighth bid, from Brightwork Real Estate, came in after the May 26 deadline, so committee members did not open it.