Condo Tower Approved For Downtown
Published: Oct 27, 2006
TAMPA - The developer of a proposed 50-story condominium tower on prime downtown land won zoning approval for the project Thursday from the city council.
Gibraltar Development Corp. hopes to break ground next year and see the building ready for occupancy in late 2009.
The site, located along the Hillsborough River, is now occupied by an office building.
The site is less than a half-acre but sits at a prime location at the southwest corner of Ashley Drive and Kennedy Boulevard.
Named Venu, the slender glass tower the council approved Thursday is to have 215 condo units.
Residences would range from 900 to 4,000 square feet and unit prices would run from $400,000-plus to more than $3 million.
Plans call for 3,200 square feet of ground-floor retail space and 10 floors of parking.
The site is a short distance from the site of the Trump Tower Tampa project. Construction on the 52-story Trump project, which also is being built along the Hillsborough River, has been delayed while the developer seeks financing and addresses a foundation issue.
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