Friday, September 29, 2006

Navio anyone?

Sptimes- Channel District residents got a sneak preview of two residential-retail projects planned for their neighborhood.
The Novare/intowngroup partnership last week presented the Channel District Council the latest plans for their yet unnamed development at Washington Street between 11th Street and Meridian Avenue.
The development would have about 29 stories, 425 units and about 11,000 square feet of retail, representatives said.
Included in the project is a small public park. Homeowners' fees would pay for the cost of maintaining the park in perpetuity.
As with other Novare/intowngroup partnerships in Tampa, the units would be marketed as reasonably priced urban housing geared toward young professionals.
In addition, the partnership is building the nearby Meridian Lofts and the SkyPoint condo tower on Ashley Street. Also in the works is the Element high-rise on Franklin Street.
Skye Development and Urban Studio presented a plan for a new development named Navio, which would neighbor the Novare/intowngroup project at Meridian and Whiting Street.
Navio would stand on 0.7 acres, said Richard Zingale of Urban Studio. It's planned for 21 stories, including seven floors of parking, 10 floors of standard-sized units and a few floors with penthouse units.
Zingale said he expected the development would include about 160 units in all and about 260 parking spaces.
Both projects are still in the design and review phase, and no construction dates have been set.

Monday, September 25, 2006

Periodic table of Element

Looks like Mosaic was only a code name...the new Novare project will be called Element...395 units over 400 is underway!

Monday, September 04, 2006

Striking Out On Their Own

This article shows how some people are still banking on the "perceived" equity of their current homes to finance future home purchases...

Their new home is due to be finished next spring.
And if they haven't sold by the time their new house is ready?
That's when things could get dicey, Matt Kinney said. The couple are banking on the equity from their current house to pay for the new one.
"The breaking point is, basically, whenever that house is done, if this one's not sold, we don't move to the new one," Matt Kinney said.