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PO Box 1212 Tampa, FL 33601 Pinellas Updated May 2006
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Condos May Rise On City's East Side TAMPA - A developer is proposing to build two condominium towers on the eastern side of downtown Tampa, adding yet another project to the booming city.
Boca Raton-based Monacle wants to put two condo towers at the corner of Zack Street and Nebraska Avenue, near the Lee Roy Selmon Expressway and the CSX rail line, according to zoning papers filed at city hall this week. The property is owned by Union Station Tampa, LLC.
Under the proposal, one tower would be 24 stories and have 498 units. The other tower would be 28 stories and have 352 units. By comparison, Trump Tower Tampa, one of the largest condo projects under construction in the city, will be 52 stories and have 190 units.
The Monacle project also includes a six-floor parking garage, with 1,314 spaces, and 20,500 square feet of retail space.
Ed Kind, Monacle's president, said the company hasn't set prices for the units but said they will be marketed to young professionals.
The Tampa City Council is scheduled to consider the project in October.
Few projects have been pitched for the eastern part of downtown. Most developers have proposed condo projects closer to downtown, particularly North Franklin Street. Other projects are in the works in the Channel District.
Kind said he sees opportunity at the eastern edge of downtown.
"It's a pedestrian- and transit-friendly location," Kind said.
Reporter Ellen Gedalius can be reached at (813) 259-7679.
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