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Full City Block Tampa Cbd Full City Block Full City Block, Downtown Tampa Cbd Downtown Tampa Cbd REDEVELOPMENT OPPORTUNITY FULL CITY BLOCK TAMPA CBD FULL CITY BLOCK FULL CITY BLOCK, DOWNTOWN TAMPA CBD DOWNTOWN TAMPA CBD MIXED USE ADAPTIVE REUSE / REDEVELOPMENT OPPORTUNITY FOR SALE MAP # LOCATION DISTANCE Tampa Theatre 0.05 miles Tampa Performing Arts Center 0.4 miles USF Center for Advance Medical Stimulation & Learning 0.5 miles University of Tampa 0.6 miles For more information, please contact: Stetson Law Center 0.6 miles JEANNETTE JASON, CCIM CUSHMAN & WAKEFIELD OF FLORIDA, INC. Director One Tampa City Center, Suite 3300 Publix Grocery 0.8 miles 813.254.4900 Tampa, Florida 33602-5813 www.cushwakelandfl.com/Tampa Channelside Entertainment 1.2 miles [email protected] Historic Ybor City 1.6 miles FULL CITY BLOCK REDEVELOPMENT OPPORTUNITY TAMPA CBD FULL CITY BLOCK, DOWNTOWN TAMPA CBD KRESS SQUARE TOWERS ENTITLEMENTS (2005): • Project Area: 1.02 Acre • Zoning: CBD-2 • Number of Units: 401 • Building Areas: 767,381 sf Total Residential, Retail, Parking Garage • Tower 1: 27 stories, 296 units, 277’4”, 512,336 sf • Tower 2: 24 stories, 105 units, 249’4”, 186,718 sf Renaissance Renaissance Revival Style Architecture Deco Arte Arte Moderne Moderne Arte Style • Historic Kress: 68,327 sf • Parking Garage: 459 spaces JJ Newberry Department Store Historic Kress Five & Dime F.W. Woolworth Department Store PROPERTY INFORMATION • Location: 801, 811, 815 North Franklin Street, Tampa • Land Size: 44,100 sf; Entire City Block • Zoning: CBD-2 / Site plan approved in 2005 • Existing Building Square Footages: • Kress Building: 56,000 sf • J.J. Newberry Building: 36,000 sf Florida Avenue Elevation • F.W. Woolworth Building: 55,000 sf • Neighbors: Federal Courthouse / Middle District of Florida, TECO Energy Corporate Headquarters, Tampa Museum of Art, Historic Tampa Theatre, The Floridan Palace, Element Apartments, Skypoint Condominiums PROPERTY HIGHLIGHTS • JOINT VENTURE OPPORTUNITY Franklin Street Elevation • Rare adaptive reuse asset. Three former department store buildings, including the historic Kress Building (1929), Woolworth Building (1914), and the Newberry Building (1940). • The Newberry and Woolworth may be eligible for National Registry recognition. • Historic Kress Building is listed on the National Registry of Historic Places. • Highly visible and accessible landmark for downtown Tampa’s Cass Street Elevation north end. • Prime location along historic North Franklin Street…in the years between 1895 and 1930, North Franklin Street thrived as a retail commercial corridor. • Stand out development opportunity either for adaptive reuse of all three buildings, or a combination of adaptive reuse with new construction per 2005 entitlements. • Great opportunity to renovate and reposition as boutique CUSHMAN & WAKEFIELD OF FLORIDA, INC. hotel, retail, residential and creative office. Polk Street Elevation CUSHMAN & WAKEFIELD OF FLORIDA, INC. FULL CITY BLOCK REDEVELOPMENT OPPORTUNITY TAMPA CBD FULL CITY BLOCK, DOWNTOWN TAMPA CBD KRESS SQUARE TOWERS ENTITLEMENTS (2005): • Project Area: 1.02 Acre • Zoning: CBD-2 • Number of Units: 401 • Building Areas: 767,381 sf Total Residential, Retail, Parking Garage • Tower 1: 27 stories, 296 units, 277’4”, 512,336 sf • Tower 2: 24 stories, 105 units, 249’4”, 186,718 sf Renaissance Renaissance Revival Style Architecture Deco Arte Arte Moderne Moderne Arte Style • Historic Kress: 68,327 sf • Parking Garage: 459 spaces JJ Newberry Department Store Historic Kress Five & Dime F.W. Woolworth Department Store PROPERTY INFORMATION • Location: 801, 811, 815 North Franklin Street, Tampa • Land Size: 44,100 sf; Entire City Block • Zoning: CBD-2 / Site plan approved in 2005 • Existing Building Square Footages: • Kress Building: 56,000 sf • J.J. Newberry Building: 36,000 sf Florida Avenue Elevation • F.W. Woolworth Building: 55,000 sf • Neighbors: Federal Courthouse / Middle District of Florida, TECO Energy Corporate Headquarters, Tampa Museum of Art, Historic Tampa Theatre, The Floridan Palace, Element Apartments, Skypoint Condominiums PROPERTY HIGHLIGHTS • JOINT VENTURE OPPORTUNITY Franklin Street Elevation • Rare adaptive reuse asset. Three former department store buildings, including the historic Kress Building (1929), Woolworth Building (1914), and the Newberry Building (1940). • The Newberry and Woolworth may be eligible for National Registry recognition. • Historic Kress Building is listed on the National Registry of Historic Places. • Highly visible and accessible landmark for downtown Tampa’s Cass Street Elevation north end. • Prime location along historic North Franklin Street…in the years between 1895 and 1930, North Franklin Street thrived as a retail commercial corridor. • Stand out development opportunity either for adaptive reuse of all three buildings, or a combination of adaptive reuse with new construction per 2005 entitlements. • Great opportunity to renovate and reposition as boutique CUSHMAN & WAKEFIELD OF FLORIDA, INC. hotel, retail, residential and creative office. Polk Street Elevation CUSHMAN & WAKEFIELD OF FLORIDA, INC. FULL CITY BLOCK FULL CITY BLOCK REDEVELOPMENT OPPORTUNITY TAMPA CBD TAMPA CBD MARKET INFORMATION TAMPA CBD OFFICE MARKET OVERVIEW • The Tampa CBD consists of 6.4 million square feet of office space. • 58,500 people work in the CBD with 14% of these people living downtown. • At the end of Q2-2015, the vacancy rate in the CBD was 11.2%. • With no new construction, rental rates in the CBD are expected to rise as vacancy continues to decline. DOWNTOWN TAMPA CBD MULTIFAMILY TAMPA CBD HOSPITALITY OVERVIEW OVERVIEW • Number of hotels: 15 • Current multifamily rents as high as $2.70 PSF • Number of sleeping rooms: 3,604 are the highest in the entire Tampa MSA • Average occupancy: 79.7% • 1,154 multifamily units have been added in the • Average ADR: $159.02 This would be 8 ½ x 11 last five years with 906 units under construction and another 1,867 units in development • Condo sales are returning to historic levels with POTENTIAL INCENTIVES 2 bedroom units selling as high as $380 PSF sheet inserted into • Tampa Hillsborough County historic property • Over 58,000 people report to work in tax exemption Downtown Tampa and traditional suburban tenants such as Masonite, Allegiant, Jacobs • Federal Historic Tax Credits Engineering and New England Life are moving to • New Market Tax Credits folded flyer the CBD. 2015 1 MILE 3 MILES 5 MILES DEMOGRAPHICS Employees 51,811 103,729 194,632 Total Population 14,652 103,321 224,812 Total Households 6,188 44,194 93,625 Median Age 27.9 35.7 36.9 Avg. Household $56,905 $66,328 $67,945 Income 2019 1 MILE 3 MILES 5 MILES DEMOGRAPHICS Total Population 15,808 105,312 229,218 Avg. Household $71,901 $79,632 $80,547 Income CUSHMAN & WAKEFIELD OF FLORIDA, INC. CUSHMAN & WAKEFIELD OF FLORIDA, INC. REDEVELOPMENT OPPORTUNITY FULL CITY BLOCK TAMPA CBD FULL CITY BLOCK FULL CITY BLOCK, DOWNTOWN TAMPA CBD DOWNTOWN TAMPA CBD MIXED USE ADAPTIVE REUSE / REDEVELOPMENT OPPORTUNITY FOR SALE MAP # LOCATION DISTANCE Tampa Theatre 0.05 miles Tampa Performing Arts Center 0.4 miles USF Center for Advance Medical Stimulation & Learning 0.5 miles University of Tampa 0.6 miles For more information, please contact: Stetson Law Center 0.6 miles JEANNETTE JASON, CCIM CUSHMAN & WAKEFIELD OF FLORIDA, INC. Director One Tampa City Center, Suite 3300 Publix Grocery 0.8 miles 813.254.4900 Tampa, Florida 33602-5813 www.cushwakelandfl.com/Tampa Channelside Entertainment 1.2 miles [email protected] Historic Ybor City 1.6 miles.
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