Lincoln Property out, new developer proposes apartments north of Straz in downtown Tampa
By Ashley Gurbal Kritzer
Tampa Bay Business Journal
Published: Mar 8, 2016

A new developer is moving in on a downtown Tampa site previously pursued by Lincoln Property Co.

Crescent Communities is planning to build 394 apartments at 109 W. Fortune St., which is currently a surface parking lot next to the Barrymore Hotel Tampa Riverwalk and a Tampa Bay Times office building.

The development will be named Crescent Riverwalk and include a mix of one-, two- and three-bedroom apartments, according to city filings.

It will provide parking for the adjacent office building in a parking deck to be built on the site.

A Crescent representative did not immediately return a phone call seeking comment Tuesday afternoon.

Lincoln Property had proposed a 408-unit building on the same site nearly a year ago.

Crescent Communities has a successful track record in Tampa. The group built Crescent Bayshore and sold it in fall 2014 for a market-record $303,800 per apartment shortly after it was complete. It is also under construction on Crescent Westshore, a $45 million community near International Plaza.

Ashley Gurbal Kritzer is a reporter for the Tampa Bay Business Journal.