There are about 30 condo's either getting built or pending approval, how many will be done or being built by Superbowl 2009??

Including Bayshore-Franklin-Ashley-Channelside-Tampa Heights-

Thx for voting people..

:) :) :cheers:

I was thinking 10 in the Novare- Woods-Kress- Franklin area.
12 in the Channelside---- HI area.
4 across from Tampa General.
Trump Tower.

27 Right there..

Look like 20 condo projects got the largest votes. But if condo buying continue to be hot by the next couple of years then the condo projects completion could be in the 30.

Well at least there will be ten as of now.

Completed by 2009? I say more like 8-12 at best.

Or have cranes....

Novare 2--- 34 stories
Skypoint 32 stories
TOC 2-- 30 stories
Harbour Island 20 stories
Trump Tower 52 stories
Grant 44 stories
Martin 22 stories
Cresent at Bayshore 28 stories
Maas Brother site 33 stories

There's 11 right there for sure..

Others that could be in crane stages..

Tampa Tower
Kress
Tampa City Lofts
Blu Channelside
Newks Property
The new Floridian

20 seems to be the correct pick.

I would have to agree like everyone else.that it is going to be around 20..

WHEN THE SB ROLES AROUND..

Well I will go with 15 at the moment, because of what Tampa's Downtown Partnerships had said.

I'm actually going with about 30 projects U/C or completed by the Super Bowl.

These for sure.....

Skypoint
Maas
Skypoint 2
Skypoint 3
Residence @ Franklin
Grand Central
Ventana
Towers @ Channelside
Place Phase 1
Plaza at Harbor Island
Embassy
Arlington
Alagon
Bellamy
1000 Channelside

These almost for sure (I say about 3/4 of these, maybe more or less)

Trump
Newks
Martin
Slade
Place Phase 2
Grant and/or Kress
Royal
Tampa heights
Central Park
Citi Lofts
Seaboard Square
Seaport
Crescent Bayshore
C Condos
View (or whatever gets built there)
Rocky Point Westin
Oasis
Teleconference Tower

Maybe/Probaly (about 1/2 of these, maybe more, maybe less)

Blu
Tampa City Lofts
Museum Tower
Tampa Tower
Tampa Bay 1
Finergy
102 whiting
Hyde Park Tower

^^Thats 40 projects right there and I'm sure I'm missing a few, so I will guess about 30 and can justify it. Plus anything yet to be announced as well. :)

I pulled the number 25 out of a hat. :cheers:

I have a feeling the market is about to collapse, just look at miami, many projects are being cancelled, land is being sold, and developers are going bankrupt left and right.

so I think tampa and all of florida will soon follow, hopefully Im wrong, anyways i think atleast 20 will be built.

god I hope not because I want Tampa to start getting a bigger skyline, as do all of us. Also, I do not want to have to wait another decade for a skyline boom.

Ill be optmistic and say 25.

god I hope not because I want Tampa to start getting a bigger skyline, as do all of us. Also, I do not want to have to wait another decade for a skyline boom.

Who said it'd be as short as a decade to recover?

You ought to be worrying about what Tampa would look like with several half-finished projects looming in the skyline but with no construction happening on them.

If they were building apartment buildings that were affordable to all, they wouldn't have a problem... Instead you have these projects that start at high-end costs and go to obscene amounts of money. There is only so much market for stuff like that.

That's not even talkign about financial institutions that have stretched their lending dollars to the brim and beyond their capacity to underwrite some of these projects.

If this boom had started in the mid 1990's (construction in Tampa), you wouldn't have to worry doomsday scenerios of the market collapsing... With how fast real estate has become the new tech-bubble, you need to start worrying when that baloon is going to burst and what the consequences will be.

Yes, that would be even worse. I would rather a project not get built than have it half finished.

With how fast real estate has become the new tech-bubble, you need to start worrying when that baloon is going to burst and what the consequences will be.


It is inaccurate to compare a real estate "bubble" to one that occured in the stock market.

1.) Real estate has tangible value. Stock can loose all of its value becoming worthless. This generaly never happens with real estate.

2.) Real estate is far less susceptible to panic selling then stock. Selling real estate occurs in slow motion compared to decisions made in the stock market. Bank involvement and appraisals can temper irrational decisions. (Interest only loans being the exception). The majority of residential property owners wait out tough times before they sell homes for a loss.

3.) Residential real estate is what it is at face value. ALL public corporations use creative accounting to make themselves look good - some get more creative then others and make "billions" of dollars in "mistakes".

I don't believe that Tampa Bay proper will experience a real estate bubble.

1.) Tampa is still MUCH less expensive compared to major markets around the country.

2.) Baby boomers are just starting to retire and move to Florida. Many are selling much more expensive homes up north to come down here. There continued to be a strong demand to move here. Hillsborough county had one of the higherst population growths in the country during the last five years - yet there is a scarcity of new home development in Pinellas and Hillsborough.

3.) So much of Pinellas and Hillsborough is waterfront. Waterfront property is even less susceptible to bubbles due to its high demand. Which would you rater have - a 900 sq. ft. shack in San Jose, CA for $600,000 or a 2500 sq.ft. home on the water in Tarpon Springs?

As for the slowdown in Miami - the condo boom in Tampa did not even compare to what happened in Miami. Not by a longshot.

If we're just talking about DT, Channelside and Harbor Island, I 'd 20 -25 would be a realistic number. I'm in the mortgage industry and the Tampa market is forcast to remain "above average" in new construction over the next year with a increase in Foreign Nationals buying into this market as Miami is becoming over built. I'll try to find a few articles to back this up as our area is still considered "strong" as compared with other areas around the country.

I don't think it will be as many buildings by 2009 as most people think.


[edit] And like someone else said, this area shouldn't experience a price bubble in real estate. The market will simply slow down a good bit, and the prices will move more laterally for a few years or so. But there is way too much job and population growth for prices to take a lasting nose dive.

It's all about supply and demand. Supply in Miami was growing at insane rates while real demand has remained constant - perceived demand was uncharacteristically high because of intense investor focus after the stock market crash, and although that applies to real estate activity all over Florida, markets in Jax, Orl and TB cannot be compared to Miami because of factors like Miami's size and more international market. However I believe markets in Jax, Orl and TB are now in a better position to sustain their real and proposed growth because of that. Strong demand (in Florida relative to the country) will not disappear because of baby-boomer retirees, strong job market, and tourism fueling investment, and that will largely sustain Tampa's projects. There's no bubble burst to be realized in Florida (only a slow down), the exception may be a stronger slowdown in Miami.

How many condos in Tampa? It may depend on the investor money supply moreso than supply and demand in the real estate market.

543,980 condo projects...In my GREATEST DREAMS...

I think that 25 could be a reasonable number, but my head tells it will be less than 20.

I can see that there will be in the range of 25-30 projects completed or under construction.

Depending on how tall you're talking about, there are over 35 condo's with elevators on the Pinellas beaches alone under construction. Being an elevator mechanic, I'm feeling the pressure. If you're talking about downtown DT Tampa and DT St. Pete, I hope they keep filling in.
We're taking an Amtrak train ride from Tampa to Seattle this summer if Mr Bush doesn't kill it instead of encouraging it's use to lessen the demand for gas and diesel during peak vacation times. We'll be going through Chicago so I got curious and had to browse the Chicago pages. Man what a pier! Almost makes ours look puny! St. Pete is almost like a little tiny Chicago. I mean really tiny! But we have potential!

Well how can you conclude that?

bump :runaway:

Well how can you conclude that?

Conclude what?... That DT St Pete is like a little tiny DT Chicago?

Because it is.

Nevermind.

Hmmm...lets see where we stand. :D

haha... I did ok on figuring not as much would be built as people thought... But I underestimated just how screwed up our state economy was revealed to be when gas hit $4 a gallon and the global financial market froze. Real estate got hit much harder here than I figured beforehand. At this point, I'm just happy that recent sales in my neighborhood reveal that prices haven't fallen nearly so much here as they have out in the sticks.

haha... I did ok on figuring not as much would be built as people thought... But I underestimated just how screwed up our state economy was revealed to be when gas hit $4 a gallon and the global financial market froze. Real estate got hit much harder here than I figured beforehand. At this point, I'm just happy that recent sales in my neighborhood reveal that prices haven't fallen nearly so much here as they have out in the sticks.
lucky you. My parents house went from $250,000 in 2007 to $140,000 this year. They bought the house in 2000 at $120,000.

lucky you. My parents house went from $250,000 in 2007 to $140,000 this year. They bought the house in 2000 at $120,000.
Yea we bought ours for $280,000 listed at $320,000, it was the fixer upper of our hood so we put like 50k into it and its worth about $250,000 now. Values have tanked and the recovery will be slow and painful here in FL.

Yea we bought ours for $280,000 listed at $320,000, it was the fixer upper of our hood so we put like 50k into it and its worth about $250,000 now. Values have tanked and the recovery will be slow and painful here in FL.
But at the same time all our property taxes go up lol.

Well, my parents don't have any plans moving in the future so it doesn't really matter.

Yea mine don't either, the property taxes are bs and helped kill the real estate market along with the ridiculous insurance.

property taxes, generally, are bs?

pray tell, how does one finance government in a state with no income tax, then, eh?

I dunno this damn state needs to legalize gambling to the likes of Nevada, that would boost revenue big time, build a Mickey Mouse Casino for all I care lol.

Or maybe make it possible for companies to be comforstable to stay in the state without such laws and taxes that keep them out of the state and move across the oceans to cheaper countries.

^^
Yeah, we gotta stop outsourcing s***. Some of our laws as they stand "promote" this.

lucky you. My parents house went from $250,000 in 2007 to $140,000 this year. They bought the house in 2000 at $120,000.
In terms of actual sales, townhouses in my development near the stadium went from being like $120k in 2003 to like $180k in 2005 to around $150k most recently... I paid a net $105k for my place in 2003 (got it cheap and fixed it up), and have a prime unit that should fetch 15-20% more than the avg price... We didn't go up as much as some places, but we also haven't gone down nearly so much. I think what has really helped is that there was only 1 foreclosure in here, and only one unit is vacant. (the development has had very low turnover in the 6 years I've been here. I guess everyone likes where they live?)

property taxes, generally, are bs?

My presumption is he means that the SOH rules that jury rig the tax tables to screw over new residents and benefit longtime ones are BS... I'm still at a loss as to how such a law conforms to the equal protection clause.