Tampa To Sell City Land For $85M Residential Tower Project

Law360, New York (January 15, 2013, 5:42 PM EST) -- Tampa, Fla., announced plans late Monday to sell a parcel of city land to a developer to build an $85 million, 36-story residential complex downtown, touting the project as an important step forward for the mayor's recently announced master plan for the city.

The Intown/Framework Group LLC will pay $4 million for a triangular plot between Tyler and Cass streets, which will be reconfigured as part of the plan. The 350-unit residential tower will rise over the Hillsborough River, just across the street from the David...
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