Development Site TA M PA FLO R I DA Downtown Tampa SoHo Entertainment District Hyde Park Village Palma Ceia Golf &Country Club Bayshore Boulevard ess Bay Blvd Hillsborough Bay ac Dil Se SM lmo ne xpr W Bay to wa y Palma Ceia Retail District la ve OFFERING SUMMARY APPROVED MULTI-HOUSING DEVELOPMENT SITE LOCATED IN ONE OF TAMPA S MOST DESIRABLE AND WALKABLE, INFILL NEIGHBORHOODS
Westshore Business District 93,000 employees OFFERING SUMMARY Holliday Fenoglio Fowler, L.P. ( HFF ) is pleased to present Centre Bayshore (the Property ), a premier, 1.74-acre development site located just steps away from Tampa s picturesque Bayshore Boulevard and within Tampa s most highly soughtafter 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, Centre Bayshore will stand apart as the only luxury high-rise rental community in South Tampa, making it one of the most exciting development opportunities in all of Tampa Bay. The Property enjoys an enviable location in the 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 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 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 wide range of residents, from millennials to baby boomers, seeking to enjoy dazzling views of Tampa s waterfront in an unbeatable location. International Plaza SD a a le M H bry wy Walter s Crossing W Bay to Bay Blvd Palma Ceia District With the opportunity to deliver an iconic project 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
Downtown Tampa 58,000 employees SoHo Entertainment District Hyde Park Village SH ow ard Av e Hillsborough Bay Bayshore Boulevard Trail World s Longest Continuous Sidewalk with 4.5 miles of uninterrupted biking and jogging INVESTMENT HIGHLIGHTS One block off of the iconic Bayshore Boulevard with spectacular views of the Hillsborough Bay and downtown Tampa wa y Excellent walkability to an organic grocer, numerous restaurants, bars, shops, parks, and Tampa s most cherished amenity: the Bayshore running/biking trail ill mo Sel acd Palma Ceia Village The only high-rise MF development site available in South Tampa; geographically constrained area with water on 3 sides SM ne xpr ess Prime South Tampa location Tampa s most highly sought-after area surrounded by exclusive neighborhoods and top schools Affluent demographics with an average household income of over $125,000 within a 1-mile radius of the site Av e 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 Bay to Bay Blvd Townhomes Under development Aquatica Condos Pre-sales $350-$400+ PSF Bayshore Boulevard SITE OVERVIEW Address Parcel Number W Barcelona St 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 Approved Development 250 feet 175 multi-housing residential units (219,147 s.f.) 5 EXECUTIVE SUMMARY
19 586 590 McMullen Booth Road 584 580 SAFETY HARBOR OLDSMAR 60 580 Hillsborough Ave venue Courtney Campbell Causeway 589 TOWN N COUNTRY Veterans Expressway 580 TAMPA INTERNATIONAL AIRPORT EGYPT LAKE 574 685 Florida Avenue 41 Busch Blvd Nebraska Avenue Hillsborough Avenue 56th Street 583 Dr Martin Luther King Jr Blvd EAST TAMPA 60 4 TEMPLE TERRACE 301 75 301 4 HPOINT oad 19 66th Street 686 694 688 Bayside Bridge ST PETERSBURG- CLEARWATER INTERNATIONAL AIRPORT 19 49th Street PINELLAS PARK Old Tampa Bay ST. PETERSBURG Gandy Bridge 60 600 SOUTH TAMPA 573 PETER O KNIGHT AIRPORT Hillsborough Bay 41B 22nd Street Selmon Expressway Tamiami Trail 41 Tamiami Trail PALM RIVER-CLAIR MEL GIBSONTON 41 43 75 75 43 RIVERVIEW 301 BRANDON 60 Brandon Blvd Investment Contacts Debt Inquiries Matt Mitchell Senior Managing Director 813.387.9902 mmitchell@hfflp.com Zach Nolan Director 813.387.9906 znolan@hfflp.com Jaret Turkell Managing Director 305.913.5545 jturkell@hfflp.com Preston Reid Director 813.387.9905 preid@hfflp.com Brian Gaswirth Director 305.421.6554 bgaswirth@hfflp.com McCallum Foote Analyst 813.387.9907 mfoote@hfflp.com Jarrod Smith Analyst 813.387.9912 jsmith@hfflp.com Ellliot Throne Managing Director 305.421.6549 ethrone@hfflp.com 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.