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The Good Business Sense of Urban Redevelopment
Sold on Tampa and Orlando
Anthony M. Everett
President, Everett Realty & Investments
Tampa
In the late ’90s and early 2000, as the suburbs were booming, then-Orlando
Mayor Glenda Hood looked at her downtown’s eroding tax base and decided to pump millions of dollars into redevelopment, says Anthony M. Everett, president
of Everett Realty & Investments. Today,
the city’s downtown is a residential top
pick of Baby Boomers and Generation
Xers.
Everett represents Post Properties, which recently acquired 350 units at Post Lake in Orlando’s Baldwin Park. |
Post also likes Tampa. It has 500 units planned in the Tampa market, including 192 near downtown. One project, Post SoHo Square, available in March 2009, will be close to the city’s business district in the trendy SoHo district.
Everett says units will be ready when the housing market starts to improve.