1.55+- ac MF/Hotel w/Retail Channel District

PROPERTY DESCRIPTION Vacant land within the Channel District ready for development. The property currently has a zoning of CD-3 and allows for up to a 3.5 FAR or 237,045 SF with a 300 ft max height however the property benefits from additional development rights that were transferred from another property that allows an additional 130,164 SF. This allows for up to approximately 367,209 SF to be built on the property or approximately a 5.42 FAR. The property was formerly owned by the City of Tampa and was known as the 12th St Maintenance Yard. The property was a vehicle and maintenance yard for approximately 40 years and was contaminated by the discharge from maintenance activities for the City’s maintenance vehicles. The Seller and City of Tampa entered into a Brownfield Site Rehabilitation Agreement with the Florida Department of Environmental Protection (FDEP) in 2004 to address the contamination. In 2011 the Seller satisfied the site rehabilitation requirements and the FDEP agreed to issue a Site Rehabilitation Completion Order with Conditions. This allows for the development of residential, retail, and/or office mixed-use.

LOCATION DESCRIPTION The parcel is located at 419 N 12th St. in the Channel District of downtown Tampa. Situated at the NEC of N 12th St. and E. Twiggs St across the street from Garrison’s Channel which leads into Tampa Bay. Located nearby are many Tampa points of interest such as The Florida Aquarium, Tampa Bay Lightning Games, Channelside, Tampa Cruise Terminal, Sparkman's Warf, neighborhood bars, and many more. I-275, I-4, and the Selmon Expressway are within easy access. Located across from The Port of Tampa's mixed-use master plan - Vision 2030 - development of 45 acres to include waterfront parks with retail, marina, apartments, hotels, and offices (see renderings). Only half a mile to Strategic Property Partners 40-acre mixed-use Water Street development, which is set to include more than one million square feet of office, one million square feet of hotel and residential, 300,000 square feet of retail, and the USF medical school currently under construction.

PROPERTY SIZE 1.55± Acres

ZONING CD-3: Allows for up to 300 ft max height with approximately 367,209 SF or a 5.42 FAR. Seller has plans for a 320 unit residential building with 4,700 SF of ground floor commercial space.

PARCEL ID 189743-0000