Heights developers buy more land near downtown Tampa
By Ashley Gurbal Kritzer
Tampa Bay Business Journal
Published: Jul 24, 2015

The developers of The Heights have picked up more land for their mixed-use project. An affiliate of SoHo Capital paid $3.5 million for 6.3 acres of land on the eastern fringe of what's known as The Heights, according to a Hillsborough County deed filed Thursday.

The Heights is an undeveloped parcel of land on the Hillsborough River, just north of downtown Tampa. It is entitled for 1,600 residential units, 400,000 square feet of office space and 200,000 square feet of retail space.

The new land is "envisioned as the office village" of the Heights, the developers said in a statement sent from a spokesman.

"The property was purchased from our partner Hillsborough River Properties, and as planned, we remain the overall master developer of the new, mixed-use neighborhood,” the statement said.

The first phase of The Heights, an apartment development named The Pearl, was to break ground in the first quarter of 2015, though that is yet to happen.

Plans for The Pearl call for a 317-unit apartment building on a parcel north of Palm Avenue, with a mix of studio, one-, two- and three-bedroom units and 17,000 square feet of retail space.

"The Pearl is an important part of the neighborhood plan, and is moving forward," Adam Harden, SoHo principal, said in an emailed statement.

In May, the group signed an office tenant for the Armature Works building.