Tampa Heights Tower Update 08/12/22

Developer Has Plans to Redevelop Preschool Property

Loci Capital, a local developer, has plans for a new mixed-use property in Tampa Heights.  The developer is under contract to purchase the land from A Brighter Community Inc., the oldest preschool in Tampa, and has submitted a rezoning application with the City of Tampa.  Under the terms of the purchase agreement, the preschool will be relocated, a portion of the proceeds from the sale will go towards the relocation costs.  The new development would include 490 apartment units and 15,000 square feet of ground level retail and office space along Florida Avenue.  Tampa Heights Tower will have two seven-story buildings connected by a skybridge. The purchase is expected to close in February 2023.

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