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Tampa Bay Business Journal

Tampa’s growth keeps popping with new projects throughout downtown, Westshore

PUBLICATION: Tampa Bay Business Journal

TITLE: Tampa’s growth keeps popping with new projects throughout downtown, Westshore

AUTHOR: By Ashley Gurbal Kritzer Real Estate Editor, Tampa Bay Business Journal

DATE: August 5, 2021

ARTICLE:

Tampa Heights redevelopment

A Tampa real estate developer has struck a deal with the city’s oldest preschool, making way for a new mixed-use development on the preschool’s property.

Loci Capital is under contract to acquire the 2.7-acre parcel at 1505 N. Florida Ave., which has been home to A Brighter Community Inc. for 70 of the school’s 100 years of existence. In the preschool’s place, Loci Capital envisions 490 multifamily units and 15,000 square feet of retail space along North Florida Avenue. The units will be built in two seven-story towers connected by a sky bridge over Marion Street.

Why it matters: Infill projects like this can help close the gap between downtown’s River Arts district and Tampa Heights. Loci is working on a similar project at Florida and Oak avenues.