May 17, 2022

Wednesday's Daily Pulse

What you need to know about Florida today

| 1/12/2022

› Coconut Grove struggles to house wave of New Yorkers
As the inventory of homes on the market in Coconut Grove has steadily declined and the price of condominiums, townhouses and single-family homes has skyrocketed, the real estate market is struggling to keep up with a wave of New Yorkers coming to South Florida and choosing the bohemian submarket, home to marinas, boating clubs and splendid displays of Mediterranean and contemporary style.

› Tampa Bay CEOs pen letter supporting Rays split season. What about the fans?
In the fifteen years of often stalled and, sometimes acrimonious, discussions about a new ballpark for Tampa Bay’s major-league team, the depth of support in the business community for the sponsorships and season ticket packages has often been a question mark. The crash and burn of the Tampa Bay Rays’ 2018 plan to build a $892 million domed stadium in Ybor City was partially blamed on a lack of business support.

› RISE building-out headquarters in Jacksonville
Jacksonville gained another headquarters as RISE: A Real Estate Company moved to Deerwood Park and is renovating space and hiring. “Jacksonville is a growing and diverse economy with strong leadership. While Northeast Florida is a focus of ours, RISE will continue to develop throughout Florida,” RISE Vice President of Development Matthew Marshall said Dec. 28 by email.

› Polk County embraces red-hot industrial market
Pinpointing 2021 milestones and projecting 2022 highlights should be easy in Polk County, where the population has increased more than 20% since 2010 and its location straddling Interstate 4 between Tampa and Orlando sustains job-generating growth in manufacturing, distribution and logistics. But distinguishing between drops in a deluge is easier said than done.

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