$93 Million Towers of Channelside Condominium Project Receives Tampa City Council Approval.Business Editors/Real Estate Writers TAMPA, Fla.--(BUSINESS WIRE)--Jan. 9, 2004 In a session that lasted past 1 a.m., The Tampa City Council  The Tampa City Council, the legislative body of Tampa, Florida, consists of seven members, three of which are elected at large. voted
to approve rezoning that clears the way for construction of The Towers
of Channelside, a $93 million condominium condominiumIn modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. project in Tampa's Channel District. "As the development group, we've we've Contraction of we have. we've have pledged to finance this project without public funding Public funding is money given from tax revenue or other governmental sources to an individual, organization, or entity. See also
LLC - Logical Link Control . "We envision this type of leadership will encourage other developers to join in the reshaping of Tampa's urban future." The twin 30-story towers will house more than 260 units priced from $275,000 to $325,000. In keeping with the City's emphasis on pedestrian-friendly environments, the design also features 12,500 square feet of street-level retail and commercial space, a 30,000 square foot fitness club open to the public, two parking spaces per living unit, an additional 50 retail parking spaces and a $1.6 million resort-style pool with a 60-foot waterfall waterfall, a sudden unsupported drop in a stream. It is formed when the stream course is interrupted as when a stream passes over a layer of harder rock—often igneous—to an area of softer and therefore more easily eroded rock; the edge of a cliff or flowing over the edge of the building to mark the entrance to The Towers of Channelside. "The economic impact of The Towers of Channelside is enormous," says Mike McGuinness, vice president. "We anticipate it will generate more than $250 million to the local economy over 10 years by way of taxes and the new residents' effective buying income. This will be an extremely valuable business driver for businesses in the adjacent Channelside shops, downtown and Ybor City." Note: Electronic art is available. Please contact Suzie Boland at 813.259.0345 or 813.786.1019. |
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