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.