Wednesday, April 04, 2007

Downtown Tampa's Revitalization Plans Slowed By Market

The first six of two dozen condo projects planned in the downtown Tampa area are expected to open by August, and pioneering condo dwellers are moving in. The combined 1,495 residential units promise a lot: a boost in downtown's population, a flock of retailers willing to serve those residents, and a bustling atmosphere of night life, cafes and thriving restaurants to draw outsiders. Is this the year Tampa's downtown blossoms? City planners and developers think so. But how long will the transformation take, and will the slowing real estate market postpone their dreams, as it has for developers who have already pulled their projects?

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