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Hillsborough Bay Development Site TAMPA • FLORIDA Westshore Business District Downtown Tampa SoHo Entertainment District Hyde Park Village Palma Ceia Golf &Country Club Bayshore Palma Ceia Retail District Boulevard W Bay to Bay Blvd Hillsborough Bay S MacDill Ave Selmon Expressway OFFERING SUMMARY APPROVED MULTI-HOUSING DEVELOPMENT SITE LOCATED IN ONE OF TAMPA’S MOST DESIRABLE AND WALKABLE, INFILL NEIGHBORHOODS Westshore Business District SoHo Entertainment District Downtown Tampa 93,000 employees 58,000 employees OFFERING SUMMARY International Plaza Holliday Fenoglio Fowler, L.P. (“HFF”) is pleased to present Centre Bayshore (the “Property”), a premier, 1.74-acre development site located just Walter’s Crossing Hyde Park Village steps away from Tampa’s picturesque Bayshore S Howard Ave Boulevard and within Tampa’s most highly sought- S Dale Mabry Hwy after residential area. With entitlements approved for the development of 175 multi-housing units or 219,147 square feet of gross residential development and a maximum height of 250 feet, Hillsborough Bay Centre Bayshore will stand apart as the only luxury high-rise rental community in South Tampa, making it one of the most exciting development Bayshore Boulevard Trail opportunities in all of Tampa Bay. World’s Longest Continuous Sidewalk with 4.5 miles of uninterrupted The Property enjoys an enviable location in the biking and jogging heart of South Tampa’s Palma Ceia District, a highly affluent, in-fill neighborhood desired for its unmatched walkability to an authentic mix of locally-owned restaurants, high-end art galleries, charming boutiques, upscale wine bars, and an organic grocery store. The Property overlooks Bayshore Boulevard, perhaps Tampa’s most famous landmark, known for its historic five-mile W Bay to Bay Blvd long waterfront thoroughfare stretching alongside Hillsborough Bay, lined with multi-million dollar mansions on one side and a bustling, uninterrupted jogging and biking trail on the other. Incredibly high barriers to entry created by a scarcity of suitable sites and the high density of Palma Ceia District residential and commercial development within this established neighborhood, has led to an extreme undersupply of multi-housing units in South Tampa. The Property will appeal to a S MacDill Ave wide range of residents, from millennials to baby boomers, seeking to enjoy dazzling views of Tampa’s waterfront in an unbeatable location. Palma Ceia Village With the opportunity to deliver an iconic project Selmon Expressway that will rise prominently amidst South Tampa’s skyline, Centre Bayshore offers a developer the chance to leave a lasting mark on the area’s rich history. 2 Westshore Business District SoHo Entertainment District Downtown Tampa 93,000 employees 58,000 employees International Plaza Walter’s Crossing Hyde Park Village S Howard Ave S Dale Mabry Hwy Hillsborough Bay Bayshore Boulevard Trail World’s Longest Continuous Sidewalk with 4.5 miles of uninterrupted biking and jogging INVESTMENT HIGHLIGHTS W Bay to Bay Blvd ◊ One block off of the iconic Bayshore Boulevard with spectacular views of the Hillsborough Bay and downtown Tampa ◊ Excellent walkability to an organic grocer, numerous restaurants, bars, shops, parks, and Tampa’s most cherished amenity: the Bayshore running/biking trail Palma Ceia District ◊ Prime South Tampa location – Tampa’s most highly sought-after area surrounded by exclusive neighborhoods and top schools ◊ The only high-rise MF development site available in S MacDill Ave South Tampa; geographically constrained area with water on 3 sides ◊ Affluent demographics with an average household Palma Ceia Village income of over $125,000 within a 1-mile radius of the site Selmon Expressway ◊ Super convenient access with no traffic hassles to Tampa’s top employment markets – Westshore Business District, Downtown Tampa, Gateway, and MacDill Air Force Base ◊ Extremely tight market conditions with 5.1% rent growth in 2016 and 95.7% occupancy 3 EXECUTIVE SUMMARY PRIME Location BEST Access to Top Employment Markets $125K Average Houshold Income 5.1% Rent Growth EXECUTIVE SUMMARY 4 Selmon Expressway B Townhomes a y Under development t o B a y B l v Aquatica Condos d Pre-sales $350-$400+ PSF Bayshore Boulevard SITE OVERVIEW Address W Barcelona St Parcel Number A-34-29-18-3UO-000000-00008.1 Folio Number 127083-0000 Net Site Size 77,101 SF (1.77 acres) ZONING OVERVIEW Zoning Designation Planned Use Development Floor Area Ratio 2.00 Maximum Height 250 feet Approved Development 175 multi-housing residential units (219,147 s.f.) 5 EXECUTIVE SUMMARY WESTCHASE 275 301 19 Linbaugh Avenue 582 Fowler Avenue 586 584 56th Street 41 OLDSMAR 75 580 589 Hillsborough Ave Busch Blvd 595 92 Nebraska Avenue 580 TEMPLE DUNEDIN EGYPT Veterans Expressway Veterans TERRACE Keene Road LAKE 583 301 McMullen Booth Road TOWN ‘N’ 19 COUNTRY 685 4 580 Florida Avenue Hillsborough Avenue 92 275 590 SAFETY Dr Martin Luther King Jr Blvd HARBOR 574 TAMPA INTERNATIONAL EAST TAMPA Courtney Campbell Causeway AIRPORT 4 60 60 301 CLEARWATER Gulf to Bay Blvd Missouri Avenue Bayside Bridge 275 Selmon Expressway 75 60 BRANDON 41B Trail Tamiami HIGHPOINT 92 22nd Street 60 Brandon Blvd Old Tampa Bay 19 PALM RIVER-CLAIR 43 19A Bay Drive 686 PETER O’KNIGHT MEL ST PETERSBURG- 275 AIRPORT LARGO CLEARWATER INTERNATIONAL AIRPORT 41 Ulmerton Road 688 600 Seminole Blvd 49th Street Hillsborough SOUTH TAMPA Tamiami Trail 92 Bay 573 75 Gandy Bridge 43 19 Starkey Road 66th Street ST. PETERSBURG RIVERVIEW 275 19A GIBSONTON 301 PINELLAS 41 694 PARK Investment Contacts Debt Inquiries Matt Mitchell Zach Nolan Jaret Turkell Preston Reid Brian Gaswirth Senior Managing Director Director Managing Director Director Director 813.387.9902 813.387.9906 305.913.5545 813.387.9905 305.421.6554 [email protected] [email protected] [email protected] [email protected] [email protected] McCallum Foote Jarrod Smith Ellliot Throne Analyst Analyst Managing Director 813.387.9907 813.387.9912 305.421.6549 [email protected] [email protected] [email protected] Atlanta | Austin | Boston | Carolinas | Chicago | Denver | Dallas | Florham Park (NJ) | Houston | Indianapolis | Los Angeles Miami | New York | Orange County (CA) | Orlando | Philadelphia | Phonenix | Pittsburgh | Portland (OR) | San Diego San Francisco | Tampa | Washington, DC | London HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change. ©2017 HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF..
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