Birmingham-based developer LIV Development has acquired the former Big Top of Tampa Flea Market site in Thonotosassa, FL. For $6.6 million and plans to develop a new 292-unit multifamily community at the 32-acre site.
Nancy Surak of Land Advisors Organization Tampa Bay, arranged the sale on behalf of the seller, Big Top of Tampa Inc. Construction of the new community is slated to begin in early 2021 and should be completed by the end of 2022. Leasing will begin mid-2022.
“This project will deliver much-needed new, high-quality housing,” said Surak. “The site is located nearby the University of South Florida, the James Haley Veterans Hospital, the Moffit Cancer Center, and the USF Research Park. It’s also in close proximity to the Tampa Innovation district area and the new Amazon Fulfillment Center currently under construction in Temple Terrace. Multifamily housing adds to the diversity of housing stock for current and new residents and we are excited about being involved in this project.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
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