Photo courtesy the Tampa Tribune.
Ybor City's only apartment complex will soon become condos. Prices will start at $149,900, slightly less than similar condos that were converted, or are currently undergoing conversion, offered throughout the Tampa Bay area. All in all, a great price to live right in the heart of Tampa's entertainment and historic district. The condos will be called The Quarter At Ybor. I like them so much that I may even reserve one for myself. For more information or to reserve a condo in this spectacular condo conversion development, contact me now. Information from the Tampa Tribune was used for this report.
Article comments
1 - SFC SKI
If the city planners of Tampa really want to revitalize downtown, they'll find a way to get more affordable housing downtown. By condo-izing more and more, a lot of entry-level and service industry folks are living further away and they are less likely to make long drives to come back on their off time.
2 - Mr. Real Estate
That's very unfortunate, but often very true. Fortunately Ybor City, where this condo conversion is located, is right next to downtown, and there's also one going on in downtown Tampa. Also, developers now have an optional tax credit available to them for developing more affordable housing. Of course, "affordable" in Tampa Bay now starts at $100k, as prices have gone up over the years. Many local employers, however, have not upped their payscale to match inflation, and that includes local housing prices, among other things (i.e., gas, food, entertainment, etc.). The City of Tampa could provide some sort of incentive to downtown buyers, and/or incentives to developers of affordable downtown housing. If they develop it, I'll sell it.
3 - SFC SKI
I have only been here a few months, but I don't think they are that smart or forward thinking. Tampa is not the only city to be guilty of that though.
I will say, the housing market here is insane if you are willing to take the risks. Seems like the infrastructure problems are going to bite the city in a few years, though.