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Tampa Real Estate Market Is Ready for Its Super Bowl Moment

Share via Shortlink Clockwise from left: A rendering of Water Street Tampa, Ian Schrager, Jeff Vinik, Patrick Mahomes, rendering of Tampa Edition, Bill Gates and Tom Brady (Photos via Getty; Water Street Tampa/Photo Illustration by Kevin Rebong for The Real Deal) UPDATED, Feb. 5, 2:11 p.m.: The headliners in Tampa this weekend are no doubt Patrick Mahomes of the Chiefs and Tom Brady of the Buccaneers, but the two star quarterbacks aren’t the only game in town. While Jeff Vinik, Bill Gates and Ian Schrager will definitely not be suiting up on Sunday for Super Bowl LV, the trio are key players in a $3.5 billion mixed-use project set to transform the host city’s downtown waterfront. And with residential sales buoyed by a Florida market that has seen buyers move south for the climate, room, lighter taxes and less stringent Covid regulations, Tampa has attracted a crowd that will stay long after the Big Game.

Developer obtains $92M loan for 17-story residential building in region | Business Observer

1 month ago Share BTI Partners funded construction of its Marina Pointe condo tower, in the Westshore Marina District, with equity until a loan was obtained last month. by: Kevin McQuaid Commercial Real Estate Editor Commercial real estate financing has been harder to obtain since COVID-19 wreaked havoc on the U.S., but some projects have found a way to prevail despite the underwriting complexities brought about by the pandemic. BTI Partners’ Marina Pointe condominium tower in the developer’s Westshore Marina District is a striking example in the Tampa area. The Fort Lauderdale-based developer obtained a $92 million construction loan for the 17-story residential building late last year from Bank OZK, with help of multifamily finance specialist Walker & Dunlop.

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